Independent Commodity Intelligence Services (ICIS) developed the Recycling Supply Tracker, which allows companies looking to source recycled plastic to gain a comprehensive view of the sector and identify new supplier relationships, as well as take a strategic view on existing and announced projects. The global database provides information on production capacities, output volumes, feedstock source and site status, and is designed to bring transparency and support the transition to a circular economy.
ICIS says the tracker can assist the industry— as demand is currently outstripping supply, particularly for food grade packaging plastics— and FMCGs, manufacturers and converters are finding challenges when sourcing the feedstock required to hit regulatory and sustainability goals. According to the company, sourcing recycled resins has proven to be difficult across the packaging sector. Driven by regulation and consumer pressure, it could remain as one of the industry’s most pressing challenges.