Banyan Nation’s Post

India’s plastics recycling rate stood at 8% in 2019. The country generates nearly 26,000 tonnes of plastic waste every day, more than any economy expect the United States and the European Union. In an effort to build a circular plastics economy in India, a consortium of Indian and Australian research organization's has developed a roadmap to 2035 including a comprehensive view of the entire plastics value chain and systemic policy recommendations. The team set a goal of recycling 67% of plastic waste by 2035, with an annual consumption of 52.9M tones. To achieve this and other circular economy targets, seven types of policy will be needed: supportive infrastructure, effective recycling, consistent compliance, sustainable consumption, awareness and readiness, design for circularity, and commercial viability. #plastic #recycle #circulareconomy #packaging #switchtopaper #paperpackaging #sustainable #ecofriendly #paperindustry #packagingindustry

Plastic waste management is critical as only 36% of plastic in Bangladesh is recycled, with 25% polluting soil and water. Industry leaders call for innovation to boost recycling and sustainability in this growing sector. Let's turn problems into possibilities for a greener future. #PlasticRecycling #Sustainability #CircularEconomy #GreenGrowth #WasteManagement #EnvironmentalImpact #Innovation #ResponsibleBusiness #EcoFriendly #Bangladesh #SDG12 #SDG13 #ResponsibleConsumption #ClimateAction https://lnkd.in/gyQzkcNN

#Recycled #Plastics Market Trends Assessment and Descriptive Analysis 2030 𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬..!!https://lnkd.in/gRq_rMFx 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:  The growth in the recycled plastics market is #being driven by a confluence of regulatory measures, increased consumer awareness, and financial incentives. #Governments worldwide, particularly in the European Union (EU), have implemented stricter regulations to #control plastic waste. For instance, the Circular #Economy Package mandates a recycling rate of 55% for plastic packaging waste by 2030. The #prohibition of landfilling separately collected #waste and the expansion of deposit programs for plastic bottles are some measures aimed at achieving these ambitious goals. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: Despite the potential for growth, the recycled #plastics market faces several challenges. One of the most pressing issues is the restriction on the trade of plastic waste. #Historically, China was the largest importer of plastic waste; however, a ban on such imports in 2018 has #forced countries to rethink their waste management strategies. The Basel Convention's amendments further tightened #regulations on the global trade of plastic waste, encouraging countries to improve their domestic recycling capabilities. 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐌𝐨𝐯𝐞𝐬 With over 127 countries having legislated #against single-use plastics, and many businesses #pledging to eliminate plastic waste from their supply chains, the momentum towards a circular #economy is palpable. In Europe, the EU’s Strategy for #Plastics in a Circular Economy aims to increase plastic recycling through supporting research, innovation, and new business models. Recycled Plastics Market, Key Players are Clear Path Recycling LLC Plastipak Republic Services Stericycle Amanda Schoenberg #Sustainability #CircularEconomy #RecycledPlastics #WasteManagement #EnvironmentalImpact

Since 2019, the Alliance to End Plastic Waste has captured 128,240 tonnes of value from unmanaged plastic waste, primarily through recycling. As part of the Alliance, we are heartened by the progress outlined in the 2023 Progress Report. In Asia Pacific, the Alliance is supporting projects to add difficult-to-recycle plastics to asphalt roads, working towards strengthening the recycling industry in Vietnam and India by improving the working conditions and income of informal waste pickers, and more.                                   Together, we are actively finding opportunities to accelerate our efforts, working hand-in-hand with other ecosystem partners to advance a #circulareconomy for plastics. Find out how the AEPW is advancing circularity: https://lnkd.in/gRtzyi2m #SeekTogether #TransformTheWaste #Circularity #EndPlasticWaste #INsideAsiaPacific

Greening Our Future: Sustainable Plastics Solutions for a Carbon-Reduced World A new study titled 'Replacing Traditional Plastics with Biodegradable Plastics: Impact on Carbon Emissions' has found that substituting traditional plastic products with sustainable alternatives could lead to a substantial reduction in carbon dioxide emissions. The study highlights significant differences between traditional and sustainable plastics solutions, particularly in production and waste management stages. Sustainable plastics solutions show notable potential for carbon reduction during raw material acquisition. Respack is among the first Malaysian manufacturers to offer sustainable plastics solutions. For more information about sustainable plastics solutions, please contact Respack. Source: https://lnkd.in/e-qYY_Xv #respack #sustainable #gpe #packaginginnovation #shapingthefuture #flexiblepackaging #stretchfilm #recycledpackaging #innovation #solutions #packagingsolution #ecofriendlysolutions #oceanboundplastic #garbagebag #recyclestretchfilm #malaysia #kedah #sustainability #greenproduct #plasticpackaging #recycledmaterials #future #gogreen

21 Century Polymers has developed high-quality recycled materials for various industries: Recycled Polypropylene Copolymer for Paint Buckets and Air/Water Coolers Recycled HDPE Blow Grade for FMCG Here are the benefits for brand owners and producers: 🌍 Environmental Benefits: Reduce plastic waste, promoting circular economy Lower carbon footprint and conserve natural resources Contribute to global sustainability goals 💼 Social Benefits: Appeal to eco-conscious consumers Enhance brand image through environmental responsibility Meet regulatory requirements for sustainable practices 💰 Economic Benefits: Cost-effective alternative to virgin plastics Boost profit margins with affordable, recycled materials Access to growing markets with green products Together, let's make a positive impact! 💚 #Sustainability #Recycling #GreenEconomy #CircularEconomy #paint #fmcg #cooler #packaging #SDG

Our Chief Operating Officer, Mr. Siraj Bhattacharya shared insights in Hindustan Times on how a balanced, life-cycle approach to plastics can benefit both our economy and the environment. The article highlights the importance of reducing plastic waste through innovations in recycling, resource-efficient production, and circular economy models that prioritize reuse. By tackling the challenges of single-use plastics and advocating for sustainable solutions, we're not just shaping a greener tomorrow but strengthening global supply chains today. Read the full article for a closer look at this transformative approach: https://lnkd.in/gHkQn8EX

#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

https://lnkd.in/e4ApHSJJ '“We need increased recycling and waste management, of course, but if we don’t reduce production and consumption we will be unable to cope with the volume of plastic in the system 10 years from now,” said Tvinnereim. Use of plastic could triple globally by 2060, with the largest increases expected in sub-Saharan Africa and Asia. Plastic waste is also projected to triple by 2060, with half ending up in landfill and less than a fifth recycled. An agreement on a “phase out” of a list of single use plastic products globally, as well as bans on poisonous chemicals in plastic – including for food contact plastic and children’s toys – was a “no-brainer”, said Tvinnereim. Many countries already have unilateral single-use plastics bans.'

𝗚𝗹𝗼𝗯𝗮𝗹 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) The global recycled plastics market size reached US$ 41.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 61.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032. 𝐆𝐫𝐚𝐛 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/dxyACBsP 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬: At present, the increasing awareness about the harmful effects of plastic pollution on ecosystems and human health has led to a surge in demand for recycled plastics. Governments, businesses, and consumers are actively seeking sustainable alternatives to virgin plastics, driving the growth of the recycled plastics market. Moreover, governments around the world are implementing regulations and policies to promote the use of recycled plastics and reduce plastic waste. Besides this, initiatives such as extended producer responsibility (EPR) programs, plastic bans, and mandatory recycling targets are creating a conducive environment for the growth of the recycled plastics market across the globe. 𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: Avangard Innovative B. Schoenberg & Co., Inc. Delta Plastics UltrPET LLC CarbonLite Industries Veolia Environment SA Suez Recycling & Recovery Holdings KW Plastics 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gsMhXk3W #recycledplasticsmarket #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketanalysis #marketgrowth #imarcgroup