On Friday 26 November, the Environment Agency released the verified recycling data for Q3 2021
There has been minor changes to the initial progress we saw upon the original unverified data released in October. The main point to note is as per the unverified data, that glass is the material remaining under most pressure and recycling rates need to increase on Q4, otherwise last year's carry in glass PRNs will need to be used to hit its target. Subsequently, this puts pressure on 2022 markets, driving higher prices already.
On the other hand, plastic has improved a bit on recent figures meaning pressure in this market is now starting to dissipate, along with the other materials which appear to be sailing towards target.
Tables 1.1 and 1.2 below show the updated standings with and without carry in, since our initial analysis of the unverified Q3 data release which can be found HERE
Table 1.1: 2021 verified packaging recycling levels alongside carry in and current UK obligation
Table 1.2: 2021 verified packaging recycling levels required to reach final targets based on current UK obligation
We recently ran a member support webinar covering an in-depth PRN market update as of November 2021, which covers the full recycling data in detail, particularly for the key materials as mentioned above, glass and plastic. Comply Direct packaging members can access this from within their login area in the Resource Room, or request it directly from their account manager.
If you have any specific questions regarding this data, please don’t hesitate to get in touch with your account manager or the packaging team and we’ll be happy to help firstname.lastname@example.org / 01756 794 951