Skip to main content

How can we accelerate ‘circular’ plastics?

Around 26% of top 100 brands say they want to reduce plastics production, according to Daniel Nordigarden of McKinsey & Company.

If plastics demand follows its current trajectory, the global volume of plastic scrap could grow ‘tremendously’, Recycling International heard at the recent Paper & Plastics Recycling Conference in Barcelona. ‘Figures are predicted to go up from 260 million tons per year in 2016 to 460 million tons per year by 2030,’ Nordigard reports.

Currently, an estimated 15% of the world’s plastic scrap is recycled. If this could be pushed to 50%, the plastics recycling sector (including petrochemicals solutions) could top EUR 55 billion per year, Nordigarden observes. This is quite a leap from 2018 levels, when revenue was just over 37 billion.

He adds that the majority (60%) of top 100 brands are welcoming recycled content. Around 40% of them want to invest heavily in innovation to accomplish an ‘industry shift’ towards sustainable products. Nordigarden mentions the Closed Loop Fund competition, involving 400+ leading manufacturers, as a means to realise more circular products.

‘Plastics aren’t necessarily the problem,’ underlines Victor Sanz, general manager of paper and packaging producer Saica Natur. ‘The real issue is the imbalance between plastics production and innovation — specifically sustainable design and recyclability,’ he notes. ‘That’s why Saica is all about accelerating circular plastics.’

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

RWM put back to 2021
Korea ramps up recycling to meet demand for PV panels

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €136 (normal rate is €170) Subscribe
Share your shear stories and win a GoPro!

It’s safe to say that scrap shears are the pillars of the recycling industry. But which configurations are the future? Take part in our tech survey and get a shot at winning a cool GoPro camera!

Thousands of scrap shears are driving recycling businesses all over the world. When it comes to different types, an operator may opt for maximum tonnage or flexibility, such as a mobile set-up. An integrated baling system is also gaining popularity. Ultimately, there is no wrong or right shear; it comes down to how you’re going to use it.

Our survey is meant to map the wants and needs of today’s dynamic recycling industry. Voice your opinion here and, who knows, you may be able to capture your recycling facility in action in HD.