The continued war against plastics and the heightened awareness of plastic pollution has driven an unprecedented level of interest in RPET this year. There is momentum behind regulatory and voluntary commitments to collection and recycling, driving increased demand for RPET; yet collection today remains a bottleneck, resulting in intense competition among reclaimers for bale feedstock material driving high feedstock costs. While in some cases there has been a decoupling of RPET from virgin prices, other core market segments remain highly susceptible to substitutive effects from low virgin prices, which fundamentally impacts recycling margins. In this insight, Wood Mackenzie reviews the price drivers within the RPET value chain, key trends in 2019, and highlights the risks and implications for the industry in 2020. The analysis has been performed with a focus on Western European RPET prices, however, similar dynamics have been observed in the United States and Chinese RPET markets.