Sources1 Top 10 for 2023: Growth Opportunities for the Polymers & Composite Industry, Frost & Sullivan2 Growth Opportunities in a Circular Economy for Plastics, Frost & Sullivan
Stringent Regulations and Consumer Awareness
Tightening regulations affecting product manufacturers (FMCG companies, automotive OEMs), combined with rising consumer demand for sustainable products and bio-based packaging, are driving commitments to ambitious recyclable packaging goals.
Targeting Strategic Partnerships
Recycled plastics face regulatory and coordination challenges. Yet, collaborative partnerships are vital for a sustainable circular economy, forming the basis of an evolving ecosystem across technology, advisory, and industry sectors.
Pioneering Investments in Cutting-edge Recycling Technologies
The battle against plastic pollution creates significant investment avenues in recycling technologies, infrastructure development, and digitalization for a circular value chain.
Growth Arenas for Recycling Materials
There is anticipated growth in the circular bioeconomy and pre/post-consumer waste recycling for creating bio-based materials, especially through mechanical recycling techniques for raw materials or polymer manufacturers.
Chemical Recycling's Role in the Circular Economy
Chemical recycling is pivotal for challenging plastics and complements mechanical recycling. Despite higher costs, it significantly aids recycling, particularly hard-to-recycle plastics, enhancing overall recycling endeavors in the circular economy.
Integrating Data for Enhanced Circular Value Chains
The recycling system spans various materials and entities, advocating for collaborative efforts and comprehensive data visibility to enhance sustainability decisions. A focus on aggregated data from diverse sources drives informed choices in complex material supply chains, promoting holistic material efficiency.
Within the recycled plastics sector, collaboration is key. The intricate value chain involves diverse stakeholders, from polymer manufacturers to recyclers, facing hindrances like regulatory complexity and collection infrastructure. Overcoming these hurdles is crucial for a sustainable and circular future.
Note: Aditya Krishnan participated as an expert in our Think Tank on “Which Investment Strategies are Driving Recycling Infrastructure Development?”. To gain valuable perspectives from these industry experts, click here to access the recorded session.
Collaboration across the entire value chain is paramount. Better data visibility drives actionable decisions, enabling us to identify resource efficiencies and drive closed loops for sustainable products in the market.
Note: Michael Groves participated as an expert in our Think Tank on “Which Investment Strategies are Driving Recycling Infrastructure Development?”. To gain valuable perspectives from these industry experts, click here to access the recorded session