New Delhi, May 22 -- The plastic recycling sector in the European Union is currently at a critical juncture, facing an existential crisis due to declining production, increasing pressure from cheap imports and growing economic challenges.

In 2024, the rate of recycling plant closures doubled, and this trend continues into 2025, putting thousands of green jobs across the sector at risk.

According to Plastics Recyclers Europe, the industry received Euro 5 billion in investments between 2020 and 2023 to meet sustainability targets.

However, these investments are now at risk due to rising production costs and mounting competition from cheap, low-quality imports. This has led to a drop in recycling rates and a slowdown in progress toward a...