How Sustainability Trends are Affecting the Global Plastics Industry offering

13-Jun-19

People are becoming more aware of plastic pollution, and consumers and manufacturers are seeking ways to reduce their contribution to the problem. Using less plastic, improving recycling rates, using more biodegradable plastics, and moving toward a circular economy for plastics are all potential solutions.

The goal of the report by ResearchAndMarkets.com is to present in great detail several options to improve the sustainability of plastics and determine to what degree each option will be integrated into the market through the forecast period. For example, alternatives to plastic are discussed and segmented into specific applications. The environmental impact of paper or metal straws, cloth bags, paper cups, and other plastic alternatives are discussed, and the most environmentally friendly options are highlighted for each application. The research also builds off of years of research done in terms of understanding how the thermoplastics industry is being affected by growing concerns over the environmental impact of plastics.

The effects of regulations and recent regulatory enforcement are also discussed. Countries have different policies on plastics. Plastic bags have been banned in many locations, and bans on other single-use plastics are being endorsed and ratified. Additional governmental policies, such as the recent changes in China's policies on scrap plastic imports, are also examined. These regulations affect the growth of the plastics market in general as well as how quickly plastics become more environmentally friendly.