ImpactIntel Research’s Post

#Global #Recycled #Plastics Market to Reach $57.71 Billion by 2030 𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬..!!https://lnkd.in/gRq_rMFx 𝐓𝐡𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦 𝐰𝐢𝐭𝐡 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐖𝐚𝐬𝐭𝐞 Despite being a versatile and essential #material, plastic has become one of the world’s most pressing environmental issues. Each year, over 400 million tonnes of plastic are #produced, with more than 50% ending up in landfills or mismanaged. Recycling rates remain relatively #low, ranging between 14-18% globally, with the rest #either incinerated or discarded, further contributing to pollution and health hazards. 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 There’s growing support for recycling and #sustainability initiatives as governments introduce regulations and consumers become more conscious of their environmental #footprint. The European Union is leading the charge, with its Circular Economy Package, which #mandates 55% of plastic packaging waste to be #recycled by 2030. Additionally, financial incentives such as the lower cost of recycled plastics #compared to virgin materials are making recycled alternatives more attractive to industries. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 Countries worldwide are introducing bans on #single-use plastics, pushing businesses to shift #towards sustainable alternatives. The rise of innovative solutions, such as biodegradable #packaging and improved waste management systems, is further driving the industry forward. Recycled Plastics Market, Key Players are Clear Path Recycling LLC Plastipak Republic Services Stericycle Amanda Schoenberg #Sustainability #Recycling #PlasticWaste #CircularEconomy

𝗥𝗲𝗰𝘆𝗰𝗹𝗲𝗱 𝗣𝗹𝗮𝘀𝘁𝗶𝗰𝘀 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗔 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗿𝗼𝗻𝘁𝗶𝗲𝗿 𝗶𝗻 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 The Recycled Plastics Market is witnessing significant growth driven by increasing environmental concerns, government regulations, and consumer demand for sustainable products. Recycled plastics offer a compelling solution to reduce plastic waste, conserve natural resources, and minimize environmental impact. The Recycled Plastics Market is projected to grow from USD 69.4 billion in 2023 to USD 120.0 billion by 2030, at a CAGR of 8.1% from 2023 to 2030. Download PDF Brochure: https://lnkd.in/g5WZjDJH Key Drivers: ▪️Environmental Awareness: Growing awareness about plastic pollution and its detrimental effects on ecosystems and marine life is driving demand for recycled plastics as an eco-friendly alternative to virgin plastics. ▪️Regulatory Measures: Stringent regulations and policies aimed at reducing plastic waste and promoting recycling initiatives are fostering market growth by incentivizing the use of recycled plastics across various industries. ▪️Circular Economy Initiatives: The transition towards a circular economy model, where materials are reused and recycled to minimize waste, is fueling the adoption of recycled plastics as a sustainable solution. ▪️Consumer Preferences: Increasing consumer preference for environmentally friendly products and packaging is encouraging manufacturers to incorporate recycled plastics into their offerings, driving market expansion. ▪️Regional Analysis: In Asia-Pacific, rapid industrialization and high plastic consumption propel market dominance, led by major contributors like China and India. Europe's stringent regulations and sustainability goals drive significant demand, while North America sees steady growth due to rising awareness. ▪️Major_players: Alpek (Mexico), Biffa (UK), Cabka (Germany), Far Eastern New Century 遠東新世紀 (Taiwan), Indorama Ventures: Indovinya (Thailand), JAYPLAS LIMITED (UK), Loop Industries (Canada), MBA Polymers Inc. (US), Plastipak Holdings, Inc. (US), Republic Services (US), Stericycle (US), Veolia (France), and others. #recycledplastics #sustainablematerials #plasticrecycling #greeninitiatives #recycleandreuse #plasticwaste #reducereuserecycle #plasticpollution #wastemanagement #recyclingindustry #plasticfreefuture

Enlightening article from Interplas Insights written by Rebekah Jordan, looking at some of the top myths about recycling plastic. Nice to see some more common misconceptions, good and bad, being looked at, certainly worth a read: https://lnkd.in/eQ3t349K #recycling #plastics #plasticinjectionmolding

𝑨𝒅𝒗𝒂𝒏𝒄𝒊𝒏𝒈 𝑺𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒊𝒍𝒊𝒕𝒚: 𝑹𝒆𝒄𝒚𝒄𝒍𝒆𝒅 𝑷𝒍𝒂𝒔𝒕𝒊𝒄𝒔 𝒂𝒏𝒅 𝑻𝒉𝒆𝒊𝒓 𝑻𝒓𝒂𝒏𝒔𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒗𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔 𝗚𝗲𝘁 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼: https://bit.ly/3Y2Yy4q Recycled plastics play a crucial role in today's sustainable economy, transforming industries by reducing environmental footprint and promoting resource efficiency. These materials are derived from plastic waste through advanced recycling technologies, offering significant benefits across various sectors. From PET to HDPE, recycled plastics are reshaping #packaging, #automotive, and #construction industries worldwide. Recent advancements in recycling technologies are enhancing #efficiency and expanding capabilities, making it possible to recycle a wider range of plastics more #effectively. Supportive regulations, such as the EU's Circular Economy Action Plan, are driving the adoption of recycled plastics by setting ambitious targets for recyclability and promoting a shift towards more sustainable practices. This regulatory support is complemented by growing consumer #awareness and corporate commitments to incorporate more recycled content into products. The market for recycled plastics is expanding rapidly, fueled by increasing demand for #sustainable materials and innovations in recycling processes. Despite challenges like contamination and quality issues, the future looks promising with ongoing advancements in #chemical recycling and #material science. Embracing recycled plastics isn't just about environmental responsibility—it's about creating a more resilient and sustainable future for generations to come. By staying informed and supporting initiatives that promote recycling and sustainability, we can all contribute to a healthier planet. The recycled plastics market is projected to grow from USD 69.4 billion in 2023 to USD 120.0 billion by 2030, at a CAGR of 8.1% from 2023 to 2030. Companies such as Veolia (France), Indorama Ventures (Thailand), Far Eastern New Century 遠東新世紀 (Taiwan), Alepk (Mexico), and Berry Global, Inc. (US) fall under the winners’ category. #recycledplastics #sustainability #circulareconomy #innovation #environmentalimpact #chemknowledgecentral #recycling #recycle  #ecofriendly #zerowaste #wastemanagement #plastic

You've been keeping up with all the #plasticfreejuly content throughout the month, but have you ever thought about why plastic is such a big issue? If you're curious to understand the impact of plastic waste and its significance, check out our Plastics Explained page in the link below. We cover what plastics are, it’s recyclability and the challenges involved. Additionally, there's a helpful recycling 101 guide for #1-#7 plastics. #ChooseToRefuse #PlasticFreeJuly2024 #reduceplasticwaste #RecycleAnnArbor #ReduceReuseThenRecycle

The future of convenience is not plastic. It cannot be. Only 9% of plastics are successfully recycled, so more recyclable plastics and more recycling is not the solution. In the article linked below, we discuss how moving away from petrochemical plastics not only presents value creation opportunities for your business but is necessary. If you have yet to remove fossil fuels from your business, send us an email at hello@ecoware.co.nz. https://lnkd.in/gTzh5Diz #recycling #plasticpollution #wastemanagement

The cost of recycled plastic is dropping, making it an attractive option. However, a surge in virgin plastic production threatens to undercut this progress. Read below about the benefits of making recycled plastics our future. #circulareconomy #plasticpollution #PCRlegislation #sustainability https://lnkd.in/gXib7V6Z

Why Trio's focus is on PCR: The impact of PCR refuse bags. Low-Density Polyethylene (LDPE) refuse bags made from post-consumer material have a few significant impacts: Environmental Benefits: By using recycled materials, these bags help reduce the demand for new plastic production, which in turn conserves natural resources and reduces greenhouse gas emissions associated with manufacturing. This can contribute to less plastic waste ending up in landfills or the environment. Waste Reduction: Utilizing post-consumer LDPE helps divert plastic waste from landfills and recycling facilities. This contributes to a more circular economy where materials are reused rather than disposed of. Energy and Resource Savings: Recycling LDPE generally uses less energy compared to producing new plastic, leading to a reduction in the overall carbon footprint of the bags. Product Performance: LDPE refuse bags made from recycled content are often comparable in performance to those made from virgin materials, though there may be slight variations in strength and durability. Market and Policy Influence: The production and use of recycled LDPE products can encourage more widespread recycling practices and influence policy towards greater sustainability in packaging and waste management. Overall, LDPE refuse bags made from post-consumer material represent a step toward more sustainable plastic use, aligning with broader environmental goals.

At Recycle Ann Arbor, we are immersed in the challenges of recycling plastic, material that wasn’t designed to be recycled in the first place. That is why we only accept the plastics we know can be authentically recycled: plastics PET #1, HDPE #2, and PP #5. We partner with regional markets to ensure that these plastics are recycled bottle to bottle, over and over again, what we call highest and best use. Read the article to find out why recycling alone does not solve the waste problem. #ReduceReuseTHENRecycle #truthinadvertising #zerowaste https://lnkd.in/euFfrWTk