The coronavirus pandemic has sparked a rush for plastic. From Wuhan to New York, demand for face shields, gloves, takeaway food containers and bubble wrap for online shopping has surged. Since most of that cannot be recycled, so has the waste. But there is another consequence. The pandemic has intensified a price war between recycled and new plastic, made by the oil industry. It’s a war recyclers worldwide are losing, price data and interviews with more than two dozen businesses across five continents show. “I really see a lot of people struggling,” Steve Wong, CEO of Hong-Kong based Fukutomi Recycling and chairman of the China Scrap Plastics Association told Reuters in an interview. “They don’t see a light at the end of the tunnel.” The reason: Nearly every piece of plastic begins life as a fossil fuel. The economic slowdown has punctured demand for oil. In turn, that has cut the price of new plastic. Already since 1950, the world has created 6.3 billion tonnes of plastic waste, 91% of which has never been recycled, according to a 2017 study published in the journal Science. Most is hard to recycle, and many recyclers have long depended on government support. New plastic, known to the industry as “virgin” material, can be half the price of the most common recycled plastic. Since COVID-19, even drinks bottles made of recycled plastic – the most commonly recycled plastic item – have become less viable. The recycled plastic to make them is 83% to 93% more expensive than new bottle-grade plastic, according to market analysts at the Independent Commodity Intelligence Services (ICIS).