The Victorian Market Development Strategy for Recovered Resources is a key element in the delivery of the Statewide Waste and Resource Recovery Infrastructure Plan. It has been developed to support Victoria to:
Despite the Victorian community's strong desire to support recycling, recovering valuable resources and remanufacturing materials also relies on establishing suitable market demand for products.
Some recovered materials are being generated by a 'push' from the supply side (e.g. kerbside recycling) rather than a 'pull' for their demand as materials for remanufacturing into new products.
The demand for some recovered materials can cause economic, community, environment and public health impacts (e.g. stockpiling of tyres).
Common challenges and barriers for market development for recovered resources are varied, e.g. the quality and quantity of recovered resources; transport and processing costs of often low value materials competing with virgin materials and imports; market price fluctuations; and limited information on the quality of products with recycled content.
The Strategy seeks to stimulate markets for recovered resources in Victoria by reducing barriers and developing the right conditions for material and product markets to grow and mature.
Identifying where state government may intervene to stimulate production industries and markets for recovered resources in Victoria, by reducing barriers and supporting the right conditions for product markets to grow and mature. Interventions will aim to:
Sustainability Victoria will implement actions over the first five years of the Strategy to support:
The Strategy provides a criteria for prioritising products and materials as well as government interventions. Material and product priorities for the first five years are:
In developing the strategy, Sustainability Victoria consulted with key stakeholders including business/industry and government to discuss the market development barriers, opportunities and potential criteria for prioritising government intervention.
For more information about the consultation go to participate.sustainability.vic.gov.au
The purpose of the paper was to guide stakeholders to provide feedback on market development barriers, opportunities and potential criteria for prioritising government intervention.
An overview of how SV consulted with industry and government, and the results of the consultation.
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