BRUSSELS (Oct. 3, 1:45 p.m. ET) — Research conducted on behalf of a consortium of European plastics bodies reveals that China is now the top global plastics producer, taking over from Europe.
The report, “Plastics – the Facts,” backed by PlasticsEurope, the European Plastics Converts, European Plastics Recyclers and the European Association of Plastics Recycling & Recovery, contains a mixed assessment of 2010. Things have bounced back since the damage inflicted by the 2008 economic crisis, but last year was also marked by a 2 percent cut in European plastics job and continued company closures.
“In the first six months of 2011, we can only notice that the pace of recovery has slowed down because of the reduction in inventory and uncertainty over economic growth,” said Claus-Jürgen Simon, market and economics manager at Brussels-based PlasticsEurope.
Despite the difficulties European plastics producers saw a 17 percent increase in turnover during 2010, according to the report. And the growth of plastics recycling is helping inject energy into the sector.
The volume of recycled and recovered plastics in 2010 increased by an average 9.3 percent compared to 2009 across the 27 EU countries, Norway and Switzerland. This figure is equal to 58 percent of all used plastics.
The 2011 edition of “Plastics – the Facts” is available for download here.