Are PET Bottle Scrap imports banned in India?
| 3 Min read Yes, the import of PET Bottle scrap is banned in India. Once upon a time, India was one of the largest importers of PET bottle scrap, after China. India imported large volumes of PET scrap from the USA, Europe, and the Gulf countries. The booming recycling industry heavily relied on PET imports, .i.e nearly 70-80% […]
5 reasons how seasons affect PET bottle prices
| 3 Min read PET bottle and its market importance PET or Polyethylene Terephthalate is a Code ‘1’ plastic widely used for beverage and water bottles across the world. Due to its excellent water barrier, non-toxic nature and material strength, PET plastic is used across multiple packaging products. An approximate 480 billion PET plastic bottles are used globally, of […]
Price Trends for PET Scrap in December 2021
| 2 Min read PET bottle scrap Prices in December The average prices of PET scrap saw a consistent rise across the month. It should be noted that the prices across the country varied by at least 5-6% and the price fluctuation was due to the change in seasons which in turn affected the change in consumer behaviour. A […]
How do Oil prices impact PET Plastic Recycling Industry?
| 3 Min read The oil prices have a direct impact on the PET Plastic Recycling Industry. But why? PET or Poly Ethylene Terephthalate is made from the by-products of crude oil/ petroleum extraction. When the prices for oil fall, there is a fall in the costs of virgin PET plastic manufacturing. This is a positive for the virgin […]
Are PET Bottle Scrap imports banned in India?
| 3 Min read Yes, the import of PET Bottle scrap is banned in India. Once upon a time, India was one of the largest importers of PET bottle scrap, after China. India imported large volumes of PET scrap from the USA, Europe, and the Gulf countries. The booming recycling industry heavily relied on PET imports, .i.e nearly 70-80% […]