Recycled PET
While recycling is not the end-all, be-all solution for ridding the world of the plastic bag beast, it's a sustainable path for plastic products.Why Recycled makes sense PET

Background

In 1987 the Society of the Plastics Industry (SPI) labeled PET with resin code "#1" and created the easily recognizable "chasing arrows" symbol so that consumers would know that products made from this material were recyclable.
Recycled PET Lifecycle
PET is recycled after consumption. After consumer recyclables have been collected and sorted by type at recycling centers, PET products are crushed, pressed into bales, shredded, and refined into PET flakes. These flakes are transformed into the raw materials that innovative companies transform into new products.

What's Next
Most Recycled PET has been used for non-food and non-beverage related products, but some companies are pushing for the Food and Drug Administration (FDA) to more readily approve the use of post-consumer PET for food packaging.
WRAP has received support from prominent companies such as Coca-Cola, Marks & Spencer, and Boots (a UK cosmetics company), to research more uses for Recycled PET. The study met with positive results, with the material meeting safety standards for use in beverage and cosmetic packaging. These companies have promised to incorporate Recycled PET into future manufacturing. Consumers are impressed - according to Marks & Spencer, 85% of its surveyed customers claimed that the company's initiatives made them happier to shop at the store.
Even if other manufacturers aren't socially and environmentally motivated to reduce their own impact on the environment, consumer sentiment may sway them in the right direction. As demand increases, and as new applications for Recycled PET are discovered, the marketplace will foster more incentives for consumers to recycle PET. As of 2005, 23.1% of the 5.075 billion tons of PET produced in the U.S. were collected for recycling. This percentage will likely grow as consumers become more educated and more countries adopt legislation to use the SPI's easily recognizable "chasing arrows" symbol for PET bottles so that consumers find it easier to know how to recycle them.
Some U.S. states have already implemented financial incentives for consumers to bring in plastic bottles for recycling, and others have encouraged "curbside" collection to make recycling easier for the average citizen. In addition, progressive consumers and companies will encourage efforts for the plastics industry to design products in ways that make them more efficient and cheaper to recycle.
The European Union has been more aggressive in PET recycling legislation. In 2001, all EU countries were required to meet a 15% plastic packaging recycling target, and in 2008 it will increase to 22.5%.