Maya Ellison
High-density polyethylene (HDPE) is a tough, hard-wearing thermoplastic with high tensile strength. It is cheaper and more energy-efficient to recycle HDPE than to manufacture new products from virgin plastic. Recycling HDPE can save businesses money on disposal costs and landfill tax. The cost of recycling HDPE varies over time and by region. For example, the average HDPE packaging scrap price in September 2023 was close to $855 per tonne, increasing to over $1,000 per tonne by March 2024.
| Characteristics | Values |
|---|---|
| Cost to recycle HDPE plastic | The average HDPE packaging scrap price in September 2023 was close to $855 per tonne, increasing to over $1,000 per tonne by March 2024 |
| Cost to recycle vs. cost to produce new | Recycling HDPE is cheaper than manufacturing new items from virgin plastic |
| Cost to recycle vs. disposal | Recycling HDPE saves money on disposal costs compared to sending it to landfill or disposing of it with general waste |
| Cost to recycle vs. environmental impact | Recycling HDPE has a more positive environmental impact than sending it to landfill |
What You'll Learn
HDPE recycling is cheaper than manufacturing new products from virgin plastic
Recycling HDPE is cheaper than manufacturing new products from virgin plastic because it requires less energy and fewer resources. Around 1.75 kg of oil is used to manufacture 1 kg of HDPE. By using recycled HDPE, businesses can save a significant amount of fossil fuels and energy. In addition, recycling HDPE can save businesses money on disposal costs. Sending plastic to landfill or disposing of it with general waste can be expensive due to landfill taxes.
The cost of recycling HDPE has been increasing in recent years. In September 2023, the average HDPE packaging scrap price was close to $855 per tonne, but it increased to over $1,000 per tonne by March 2024. This increase in price is due to a confluence of robust demand and constrained supply dynamics. Key factors underpinning this price escalation include heightened consumption from downstream sectors such as packaging, construction, and automotive industries. Despite the increase in price, recycling HDPE remains cheaper than manufacturing new products from virgin plastic.
Overall, recycling HDPE is a more cost-effective and environmentally friendly option than manufacturing new products from virgin plastic. By recycling HDPE, businesses can save money and reduce their environmental impact.
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The average HDPE packaging scrap price in September 2023 was $855 per tonne
HDPE is a light yet tough, hard-wearing thermoplastic with high tensile strength. It is also cheaper and more energy-efficient to recycle HDPE than to manufacture fresh items from virgin plastic. Around 1.75kg of oil is used to manufacture 1kg of HDPE. Recycling HDPE saves a significant amount of fossil fuels and energy, and HDPE can be recycled up to ten times. For businesses, recycling HDPE also saves money on disposal costs. Recycling the plastic rather than sending it to landfill or disposing of it with general waste reduces landfill tax.
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Recycling HDPE saves money on disposal costs
Recycling HDPE can save businesses money on disposal costs. By recycling HDPE rather than sending it to landfill or disposing of it with general waste, businesses can reduce the amount of landfill tax they must pay. Recycling HDPE also has a much more positive environmental impact, saving a significant amount of fossil fuels and energy. HDPE can be recycled up to ten times.
The cost of recycling HDPE varies depending on location and market trends. In September 2023, the average HDPE packaging scrap price was close to $855 per tonne, increasing to over $1,000 per tonne by March 2024. In Q2 2024, the Europe region experienced an upward trajectory in Recycled High-Density Polyethylene (R-HDPE) pricing, influenced by robust demand and constrained supply. The price of R-HDPE blow moulding grade on an FOB Tianjin basis was USD 800/MT at the end of Q2.
Overall, recycling HDPE is a cost-effective and environmentally friendly option that can save money on disposal costs. By reducing the amount of landfill tax and saving on fossil fuels and energy, recycling HDPE is a sustainable choice for businesses and individuals alike.
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HDPE can be recycled up to ten times
The average HDPE packaging scrap price in September 2023 was close to $855 per tonne, increasing to over $1,000 per tonne by March 2024. The price of recycled HDPE in China and the broader APAC region was USD 800/MT in Q2 2024. In Europe, prices for recycled HDPE increased in Q2 2024 due to heightened consumption from downstream sectors such as packaging, construction, and automotive industries.
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HDPE is a light yet tough thermoplastic
High-density polyethylene (HDPE) is a light yet tough, hard-wearing thermoplastic with high tensile strength. HDPE is cheaper and more energy-efficient to recycle than to manufacture new products from virgin plastic. Around 1.75 kg of oil is used to manufacture 1 kg of HDPE. Creating new products from recycled HDPE saves a significant amount of fossil fuels and energy, and HDPE can be recycled up to ten times. Recycling HDPE also saves businesses money on disposal costs. Recycling the plastic rather than sending it to landfill or disposing of it with general waste reduces how much landfill tax businesses must pay.
The average HDPE packaging scrap price in September 2023 was close to $855 per tonne, increasing to over $1,000 per tonne by March 2024. The price of recycled HDPE in China and the broader APAC region was USD 800/MT in Q2 2024. In Europe, prices experienced an upward trajectory in Q2 2024 due to robust demand and constrained supply.
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Frequently asked questions
The cost of recycling HDPE plastic varies depending on the time of year and the region. In September 2023, the average HDPE packaging scrap price was close to $855 per tonne, but this increased to over $1,000 per tonne by March 2024.
Prices fluctuate due to demand and supply dynamics. For example, in Q2 2024, Europe experienced an upward trajectory in Recycled High-Density Polyethylene (R-HDPE) pricing, influenced by robust demand and constrained supply.
Recycling HDPE plastic is cheaper and more energy-efficient than manufacturing new items from virgin plastic. Recycling HDPE saves a significant amount of fossil fuels and energy, and it can be recycled up to ten times.
You can contact specialist companies who will provide a free quote for HDPE plastic recycling and waste collection. Recycling HDPE plastic for your business will also save you money on disposal costs, as you will reduce the amount of landfill tax you must pay.
