Recycled-Linear Low Density Polyethylene (R-LLDPE) Price Trend

Recycled-Linear Low Density Polyethylene (R-LLDPE) Prices December 2023

The price of recycled-linear low density polyethylene (R-LLDPE) in China for December 2023 reached 766 USD/MT. The market price for the product in China was unstable and did not show a clear upward or downward trend. It stayed more or less the same because the cost of new (virgin) LLDPE was more economical than recycled LLDPE.

The price trend for R-LLDPE in Germany in December 2023 reached 1,064 USD/MT. This is due to reduced product demand from downstream industries like packaging and construction. Also, there was an oversupply of R-LLDPE in the market with a weakening PMI index that further supported the downfall in prices.

Recycled-Linear Low Density Polyethylene (R-LLDPE) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled ““Recycled-Linear Low Density Polyethylene (R-LLDPE) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of recycled-linear low density polyethylene (R-LLDPE) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of recycled-linear low density polyethylene (R-LLDPE) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of recycled-linear low density polyethylene (R-LLDPE) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing recycled-linear low density polyethylene (R-LLDPE) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Recycled-Linear Low Density Polyethylene (R-LLDPE) Market Analysis

The global recycled-linear low density polyethylene (R-LLDPE) market size reached 1455.1 thousand tons in 2023. By 2032, IMARC Group expects the market to reach 1932 thousand tons, at a projected CAGR of 3.20% during 2023-2032.

• There has been a growing emphasis on environmental sustainability, which is one of the main drivers for the R-LLDPE market. Governments, organizations, and consumers are becoming aware of the environmental impact of plastic waste. This has led to the introduction of stricter regulations and policies that aim to reduce plastic waste and promote recycling. Currently, about 400 million tons of plastic waste are produced every year. Plastic production is expected to reach 1,100 million tons by 2050. Also, a total of 36% of all plastics produced are used in packaging, including single-use plastic products for food and beverage (F&B) containers. Of which, approximately 85 percent ends up in landfills or as unregulated waste. R-LLDPE is made from recycled materials, which is preferred as it aligns with several sustainability goals.
• The packaging industry is one of the biggest consumers of LLDPE. The average European throws away 172.2 kilos of packaging waste away every year, of which 19.5% is plastic. About 40% of all plastic products are thrown away within one month. With a hike in demand for sustainable packaging solutions, the market for R-LLDPE is also surging. Brands are under pressure to reduce their environmental impact and are turning to recycled materials to achieve their goals. This recycled product is mainly used in the creation of films, bags, and containers, which makes it a key material in the sustainable packaging market.
• The construction industry is making use of recycled materials to improve sustainability and reduce costs. R-LLDPE is used in many construction applications, including geomembranes, pipes, and liners. The Asia Pacific region is a key construction and real estate market that will touch nearly 40% of the industry’s output value by 2030. Recently, there has been a growth of green building practices and the increasing use of recycled materials in construction. LEED-certified projects are responsible for diverting more than 80 million tons of waste from landfills, and by 2030, that number is expected to grow to 540 million tons. Also, the International Finance Corporation (IFC) estimates that investment in green buildings in emerging market cities will reach US $24 trillion over the next decade alone. This will also increase the demand for R-LLDPE.
• Industries such as automotive, aerospace, and electronics are making use of lightweight materials to better fuel efficiency and performance. R-LLDPE offers a lightweight and durable alternative to traditional materials, which makes it an attractive option for these industries. India’s trucking market is expected to grow over 4x by 2050. The number of trucks is expected to more than quadruple, from 4 million in 2022 to roughly 17 million trucks by 2050. The growing adoption of lightweight materials in trucks is boosting the demand for R-LLDPE.

Recycled-Linear Low Density Polyethylene (R-LLDPE) News

The report covers the latest developments, updates, and trends impacting the global recycled-linear low density polyethylene (R-LLDPE) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in recycled-linear low density polyethylene (R-LLDPE) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the recycled-linear low density polyethylene (R-LLDPE) price trend.

Latest developments in the recycled-linear low density polyethylene (R-LLDPE) industry:

• In March 2023, Nova Chemicals announced that the company will invest $2-$4 billion by 2030 to expand sustainable product offerings and has set a goal of achieving 30% of polyethylene (PE) sales from recycled content. It is also targeting a 30% reduction in Scope 1 and 2 absolute carbon dioxide (CO2) emissions by 2030.
• In February 2023, Charter Next Generation (CNG) and Revolution Sustainable Solutions, LLC (Revolution) announced that they are collaborating to drive the adoption of commercially available post-consumer recycled, linear low density polyethylene (PCR-LLDPE) for food and flexible packaging applications. CNG will use Revolution's Encore food-grade PCR-LLDPE resin for application in their film products, which include stand-up pouches, pre-made bags, and roll stock applications for vertical form fill and seal (VFFS) and horizontal form fill and seal (HFFS) packaging. When produced with Revolution's high-quality certified PCR resin, CNG films will create 40% or more recycled content, without sacrificing performance.

Product Description

Recycled-linear low-density polyethylene (R-LLDPE) is a type of polyethylene resin made from recycled materials. It is specifically designed to retain the beneficial properties of virgin LLDPE while promoting sustainability. This resin is available in several types, including mixed-color, clear, and various grades based on the source and purity of the recycled materials. It exhibits properties such as high tensile strength, flexibility, impact resistance, and chemical resistance. R-LLDPE finds application in packaging, agricultural films, landfills, pipes, automotive parts, household goods, industrial containers, toys, construction materials, and recycled plastic composites.

It offers numerous benefits, including reducing landfill waste, conserving natural resources, lowering carbon footprint, decreasing energy consumption, promoting a circular economy, enhancing sustainability, reducing plastic pollution, supporting green initiatives, providing cost-effective material solutions, and increasing the market for recycled products. Moreover, it is lauded for its versatility, durability, cost-effectiveness, environmental benefits, compatibility with existing manufacturing processes, and recyclability.

Regional Coverage

The report provides a detailed analysis of the recycled-linear low density polyethylene (R-LLDPE) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the recycled-linear low density polyethylene (R-LLDPE) price trend. 

Global Recycled-Linear Low Density Polyethylene (R-LLDPE) Price

The report offers a holistic view of the global recycled-linear low density polyethylene (R-LLDPE) pricing trends in the form of recycled-linear low density polyethylene (R-LLDPE) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of recycled-linear low density polyethylene (R-LLDPE) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

Europe Recycled-Linear Low Density Polyethylene (R-LLDPE) Price

Europe’s recycled-linear low density polyethylene (R-LLDPE) prices witnessed a declining trend towards the end of December. This is because of low demand from the packaging and construction industries, high supply of the product, and weakening PMI index. Also, the low demand for R-LLDPE in comparison to virgin LLDPE led to a negative price rate.

This analysis can be extended to include detailed recycled-linear low density polyethylene (R-LLDPE) price information for a comprehensive list of countries.

North America Recycled-Linear Low Density Polyethylene (R-LLDPE) Price

The recycled-linear low density polyethylene (R-LLDPE) prices in North America encountered a bearish trend. This is due to low product demand from the packaging and construction industries, availability of ample inventories, and muted trading activities.

Specific recycled-linear low density polyethylene (R-LLDPE) historical data within the United States and Canada can also be provided.

Middle East and Africa Recycled-Linear Low Density Polyethylene (R-LLDPE) Price

The recycled-linear low density polyethylene (R-LLDPE) pricing in the Middle East and Africa witnessed a stable market. The downward trend owing to low product demand from end-use industries like packaging and construction and oversupply was countered by the increase in prices from high production costs because of elevated energy rates amid the Israel-Palestine war.

In addition to region-wise data, information on recycled-linear low density polyethylene (R-LLDPE) prices for countries can also be provided.

Asia Pacific Recycled-Linear Low Density Polyethylene (R-LLDPE) Price

The recycled-linear low density polyethylene (R-LLDPE) pricing in Asia Pacific showcased a downward trend. This is because of low product demand from end-use sectors like packaging and construction and high supply rates. Also, the accumulation of inventories led to a decline in prices in order to clear existing stocks. Moreover, the demand for R-LLDPE in comparison to virgin LLDPE was low.

This recycled-linear low density polyethylene (R-LLDPE) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Recycled-Linear Low Density Polyethylene (R-LLDPE) Price

The analysis of recycled-linear low density polyethylene (R-LLDPE) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of recycled-linear low density polyethylene (R-LLDPE) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting recycled-linear low density polyethylene (R-LLDPE) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The recycled-linear low density polyethylene (R-LLDPE) price charts ensure our clients remain at the forefront of the industry.