Recycled HDPE is the plastic after recycling, whereas the linear forms of polyethylene are referred to as high-density polyethylene (HDPE).
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The type of plastic that is recycled most frequently on a significant basis worldwide is HDPE. Due to its distinctive qualities, this plastic is the most recyclable polymer and is therefore accepted at the majority of recycling facilities worldwide.
The universal symbol for the number “2” in the recycling triangle is present on recycled HDPEs, and this symbol can be used to distinguish them from non-recycled HDPEs. Recycled HDPE is increasingly being used in place of virgin HDPE in a number of industries since it is more affordable and environmentally beneficial. It is produced through waste HDPE films.
The leading recycled HDPE-exporting countries are India, Vietnam, China, South Korea, and the United States.
Key Details About the Recycled HDPE Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Recycled HDPE price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Recycled HDPE Price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Recycled HDPE Price Trend:
Many businesses, including the food and beverage and consumer goods sectors, are seeing an increase in demand for recycled HDPE.
Due to the high demand for packaging materials that are food-safe, the consumption of recyclable HDPE is rising in the food and beverage sector. These materials can successfully take the place of traditional plastics as a barrier between food items and environmental variables, expanding the market.
In the production of bottles for water and beverage packaging, recycled HDPE is an ideal and highly favoured material.
Recycled HDPE is also used in the packaging of products like toys, fashion accessories, and sports equipment, which serves to increase the durability of the final product. Due to their non-reactive character, these plastics have also seen a rise in demand in the packaging of goods like soaps, surfactants, shampoos, and other personal care products. The increased use of recycled HDPE in the production of packaging materials for consumer items will accelerate market expansion
Key Market Players:
- Veolia Environnement S.A
- Envision Plastics Industries LLC
- Clean Tech Incorporated
- KW Plastics Recycling Division
- Advanced Environmental Recycling Technologies, Inc
- HAHN Plastics Ltd
- LyondellBasell Industries Holdings B.V
- SUEZ SA
News and Events:
July 2022: ExxonMobil introduced the EXXONMOBIL HMA706 HDPE product line, which has strong impact resistance and exceptional dimensional stability. High gloss HMA706 is perfect for food packaging or other consumer items because it is authorised for food contact and fast cycling.
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Reference Link – https://researz.com/recycled-hdpe-prices/