Circular Economy for Plastics Industry Research Report 2023-2029: Increased Demand for Sustainable Solutions and Need to Make New Plastic Products with More Recycled Content Will Enhance the Pipeline

Growth Opportunities in a Circular Economy for Plastics

DUBLIN, Oct. 2, 2023

The “Growth Opportunities in a Circular Economy for Plastics” report has been added to ResearchAndMarkets.com’s offering.

This study offers an in-depth exploration of the circular economy for plastics, focusing on the market for recycled plastics and methods to enhance plastics circularity. It provides insights into the demand for recycled PE, PP, PET, PVC, PA, and ABS across various industries.

The research includes volume data for each polymer type and region from 2019 to 2029, with a seven-year forecast based on expected compound annual growth rates. The base year is 2022, and the forecast period extends from 2023 to 2029.

The size of the recycled plastics market is assessed considering circularity goals, legislative mandates, potential for material substitution, and evolving trends in areas such as socio-economic factors, regulations, and technology. These factors, categorized as growth drivers and restraints, are integral to the forecast analysis.

The study delves into the increasing demand for sustainable and high-performance products, which propels the growth of recycled plastics. It also thoroughly analyzes opportunities for substituting virgin plastics with recycled options across various end-use applications during the forecast period.

In addition to quantitative analysis, the report includes a qualitative assessment of reuse concepts, recycling methods, and alternate feedstocks for plastics. Several case studies showcase diverse approaches to achieving circularity in the plastic industry, offering insights into the feasibility and potential impact of circular economy practices.

KEY FEATURES

Growth Opportunity Universe

• Greater Collaboration Across the Value Chain to Accelerate Circular Product Development
• Integrate Mechanical and Chemical Recycling Approaches to Improve Recycling Rates
• Strengthen Collection, Cleaning, Sorting, and Transportation Logistics of Recycling Value Chain
• Co-pyrolysis of Waste Biomass and Waste Plastic
• Carbon Dioxide Valorization from Industrial Zones to Produce Plastics in Local Manufacturing Facilities

Objectives of Market Analysis for Recycled Plastics:

• Evaluate the current market size and growth potential for recycled plastics.
• Identify key market players, stakeholders, and their roles in driving plastic recycling initiatives.
• Analyze region-specific variations in the demand for recycled plastics.
• Assess market barriers, including economic, regulatory, and technological factors impacting the adoption of recycled plastics.
• Examine consumer attitudes and preferences toward recycled plastic products.

Objectives of Qualitative Analysis of Plastic Circularity Improvement:

• Review and analyze various methods and technologies aimed at improving the circularity of plastics, including mechanical recycling, chemical recycling, and alternative feedstocks.
• Assess the environmental, economic, and social implications of different plastic circularity improvement methods.
• Identify technological advancements, best practices, and innovative approaches that enhance plastic circularity.
• Analyze case studies and real-world examples of successful circularity initiatives in different industries and regions.

Key Topics Covered:

1 Strategic Imperatives

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative
• The Impact of the Top 3 Strategic Imperatives on the Circular Economy for Plastics
• Growth Opportunities Fuel the Growth Pipeline Engine

2 Growth Opportunity Analysis

3 Growth Opportunity Analysis: Quantitative Analysis of the Circular Economy for Plastics

• Growth Metrics
• Growth Drivers
• Growth Restraints
• Forecast Assumptions
• Revenue and Volume Forecast
• Volume Forecast Conservative Scenario vs. Frost Scenario
• Revenue and Volume Forecast Analysis
• Average Price Forecast
• Average Price Forecast Analysis
• Volume Forecast by Plastic
• Revenue Forecast by Plastic
• Revenue and Volume Forecast Analysis by Plastic
• Volume Forecast by Recycling Technique
• Volume Forecast by Region
• Volume Forecast Analysis by Region

4 Growth Opportunity Analysis: Circular Economy in Plastics

5 Growth Opportunity Analysis: Reuse for the Circular Economy in Plastics

• Reuse
• Reuse by Reconditioning – Packaging
• Reuse and the Right to Repair Electronics
• Reuse and the Right to Repair Automotive Parts

• SDGs, Targets, and Indicators

  1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 12: Responsible Consumption and Production
  • SDG 9: Industry, Innovation, and Infrastructure

  The article discusses the circular economy for plastics, focusing on the market for recycled plastics and methods to enhance plastics circularity. This aligns with SDG 12, which aims to ensure sustainable consumption and production patterns. It also relates to SDG 9, which promotes sustainable industrialization and innovation.

  2. What specific targets under those SDGs can be identified based on the article’s content?

  • Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse.
  • Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.

  The article emphasizes the need to enhance plastics circularity through recycling and reuse, which aligns with Target 12.5. It also highlights the importance of adopting clean technologies and processes to achieve sustainability in the plastic industry, which relates to Target 9.4.

  3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

  • Volume data for each polymer type and region from 2019 to 2029
  • Compound annual growth rates
  • Market size assessment considering circularity goals, legislative mandates, and material substitution potential
  • Assessment of growth drivers and restraints
  • Qualitative assessment of reuse concepts, recycling methods, and alternate feedstocks for plastics
  • Case studies showcasing successful circularity initiatives in the plastic industry

  These indicators can be used to measure progress towards the identified targets by tracking the growth of recycled plastics, evaluating the adoption of circularity practices, and assessing the implementation of sustainable technologies and processes in the plastic industry.

  Table: SDGs, Targets, and Indicators

  SDGs	Targets	Indicators
  SDG 12: Responsible Consumption and Production	Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse.	– Volume data for each polymer type and region from 2019 to 2029 – Compound annual growth rates – Market size assessment considering circularity goals, legislative mandates, and material substitution potential – Qualitative assessment of reuse concepts, recycling methods, and alternate feedstocks for plastics – Case studies showcasing successful circularity initiatives in the plastic industry
  SDG 9: Industry, Innovation, and Infrastructure	Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.	– Volume data for each polymer type and region from 2019 to 2029 – Compound annual growth rates – Market size assessment considering circularity goals, legislative mandates, and material substitution potential – Qualitative assessment of reuse concepts, recycling methods, and alternate feedstocks for plastics – Case studies showcasing successful circularity initiatives in the plastic industry

  Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

  Source: finance.yahoo.com

   

  

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