Circular Economy for Plastics Industry Research Report 2023: Strategies and Recommendations for Accelerating Adoption of Circular Plastic Practices

Growth Opportunities in a Circular Economy for Plastics

The following report provides an in-depth exploration of the circular economy for plastics, with a focus on the market for recycled plastics and methods to enhance plastics circularity. It offers 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

• 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

2 Growth Opportunity Analysis

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

4 Growth Opportunity Analysis: Circular Economy in Plastics

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

6 Growth Opportunity Analysis: Recycling for the Circular Economy in Plastics

7 Growth Opportunity Analysis: Alternative Feedstock for a Circular Economy in Plastics

For more information about this report visit https://www.researchandmarkets.com/r/fpjnpd

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SDGs, Targets, and Indicators Analysis

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

• SDG 9: Industry, Innovation, and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

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 9, which aims to promote sustainable industrialization and foster innovation. It also relates to SDG 12, which focuses on promoting sustainable consumption and production patterns. Additionally, the article mentions the potential for material substitution and evolving trends in areas such as socio-economic factors, regulations, and technology, which are relevant to SDG 13’s goal of taking urgent action to combat climate change.

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

• Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
• Target 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse
• Target 13.2: Integrate climate change measures into national policies, strategies, and planning

The article highlights the need to enhance plastics circularity and promote the use of recycled plastics. This aligns with Target 9.4, which aims to upgrade infrastructure and retrofit industries to make them sustainable. The focus on recycling and reuse of plastics also supports Target 12.5, which aims to reduce waste generation through prevention, reduction, recycling, and reuse. Additionally, the mention of evolving trends and regulations related to plastics circularity connects to Target 13.2, which emphasizes the integration of climate change measures into national policies, strategies, and planning.

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 potential for material substitution
• 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 different industries and regions

The article mentions several indicators that can be used to measure progress towards the identified targets. These include volume data for each polymer type and region, compound annual growth rates, and market size assessments considering circularity goals, legislative mandates, and potential for material substitution. The assessment of growth drivers and restraints also provides insights into progress. Additionally, the qualitative assessment of reuse concepts, recycling methods, and alternate feedstocks, along with case studies showcasing successful circularity initiatives, can be used as indicators of progress.

Table: SDGs, Targets, and Indicators

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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