Growth of the Plastic Recycling Market

Valued at around $43.73 billion in 2018, research indicates that the plastic recycling market will grow at a compound annual growth rate (CAGR) of 6.6% in revenue and 8.8% in volume by 2027. Findings are that rising environmental concerns will be the primary driving force along with the concerted global effort towards effective waste management and sustainability. Another is the growing awareness of the need for recycling plastic and the anticipated market growth of the PR market.

A new report released by Research and Markets in February 2020 gives a market snapshot in its executive summary and discusses the plastic recycling market by material type, source, application, and geography. Titled Global Plastic Recycling Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 to 2027, it explores the roles of the many global and regional participants in the plastic recycling market and analyses anticipated acquisitions, partnerships, and collaborations. These, the report states, are likely to be the major strategies market players will follow in an endeavor to expand their geographic presence and market share.

An older report published mid-2018 gave a slightly lower CAGR for the period 2018 to 2023 of 4.3%. This report, Global Plastic Waste Management Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023 stated that it would grow from an estimated $27,1000 in 2017 to $34,900 in 2023.

Global Focus

When research for the new report was carried out during 2018, the Asia-Pacific region including China, Indonesia, Malaysia, and India, had the highest market share in plastic recycling. This was attributed to the fact that the region has the largest share in the generation of plastic waste and is also the biggest plastic waste importer.

However, Europe was pinpointed as a region poised to become the fastest-growing in the plastic recycling market due to increasing government initiatives and the improvement of recycling facilities in this part of the world.

While the report covers at least 16 companies involved in plastic recycling globally, the Hungarian MOL Group has been highlighted as a result of its acquisition of Aurora, a German recycled plastic compounder company. MOL is a well-established supplier of virgin polymers and was motivated by its Enter Tomorrow 2030 strategy that aims to move its business from a traditional fuel-based model to a higher value-added petrochemical product portfolio. More specifically, MOL intends to strengthen its position as a supplier in the sustainable plastic compounding segment of the automotive industry.

The older report focused on plastic waste management not only in the Asia-Pacific region but also in North and South America, Europe, the Middle East, and Africa.

Use of Recycled Plastic

In terms of plastic materials, high-density polyethylene (HDPE) and polyethylene terephthalate (PET) had the biggest market share in 2018. The reason given for this was a rapid surge in demand for PET and HDPE for the manufacturing of packaging. Hopefully, this won’t increase the production of PET and HDPE, but will rather help to get rid of waste.

As the CEO of Unilever, Alan Jope, said in a press statement late 2019: “Plastic has its place, but that place is not in the environment.” He was announcing Unilever’s commitment to halve its use of virgin plastic, reduce its use of plastic packaging, and dramatically step up its use of recycled plastic by 2025. They would also help to collect and process more plastic packaging than it sells – which will amount to about 600,000 tonnes per year, he said.

Additionally, technological advances in the plastic recycling industry have led to other less expected uses including the manufacture of denim clothing.

Realizing the environmental impact production of denim clothing has, Levi Strauss & Co. has taken bold steps to reduce its use of water and chemicals in cotton and cotton-clothing production, and about a decade ago, the company launched its much more sustainable Water<Less range of jeans. In 2013, Levi’s used dumped plastic bottles and food trays to make 300,000 jeans and trucker jackets for its spring collection. Of course, not the entire product was made from plastic, but it was guaranteed that at least 20% came from recycled plastic content.

Many other items are also made from recycled plastic, some with more plastic content than others. They include bags, rugs and mats, blankets, bottles, planters, dog collars, shoes, decking, fencing, and outdoor furniture.

The Future of Plastic

While many people talk about plastic as a material that should be eradicated, it does have remarkable uses as Alan Jope implies. But there is a dire need to change our thinking. The irony is that when recycled plastic was invented it was used to try and solve environmental problems like reducing the hunting of elephants for ivory and to provide protective sheaths for electrical wiring.

There is undoubtedly too much virgin plastic being produced worldwide and during the process, there are too many other natural resources being depleted. Added to this, too many consumers have no knowledge or concern about the use and disposal of plastic products. They simply don’t care!

We, as a global nation, need to focus more on the reuse, recycling, and remanufacture of plastic, which is exactly what plastic recycling companies can do so successfully.

Ultimately, we need to eradicate plastic waste by making it useful, and there is no doubt that the mechanical engineering sector is well positioned to find solutions.

Recommended Reading: How to Recycle Plastics

The post Plastic Waste Reduction Leads to Growth in Plastic Recycling Market first appeared on BioEnergy Consult.

Whether you’re thinking about it or not, every action you take has some effect on the world around you. A chemist named James Lovelock hypothesized that living organisms interact with their surroundings to maintain a livable environment.

Today, this is known as the Gaia Theory.

The Gaia Theory

One of the defining points of the gaia theory is that organisms live synergistically with the Earth. All plants, animals, and people contribute to a stable environment simply by living in it.

Unfortunately, wasteful habits by people do the opposite. Actions that harm entire populations of organisms will have a waterfall effect that harms the environment. An example of this is found in trees.

Wood is a necessary product in day-to-day life. However, harvesting too much wood without a replacement plan or not fully utilizing the wood harvested decimates the tree populations. Trees pull carbon, the most common greenhouse gas, from the air and replace it with oxygen. If the number of trees decreases, the mass of carbon increases, which encourages the onset of global warming.

Global warming then weakens populations of other organisms, which in turn further worsens the environment. Every living thing depends on one another.

Global Warming

The Earth is no stranger to mass extinction events. Throughout history, incredible incidents such as meteors, continent-wide wildfires, and volcanoes have directly caused global warming and cooling. Surviving plants, animals, fungi, and microorganisms all contributed to the Earth’s recovery from such events.

Scientists are currently theorizing that we are in the middle of yet another mass extinction event, due to pollution, overdevelopment, and waste. During the worst-case scenario, the Earth will recover from this, but only after millions of years.

The more biodiversity is lost, the longer the environment will take to recover. More must be done to protect and preserve what is left to keep the Earth habitable for as long as possible.

Waste Not, Want Not

National Geographic outlines the harmful effects of plastic waste that hasn’t been properly disposed of or recycled. This plastic primarily ends up in the oceans, which impedes life even at the microscopic level.

Plastic takes centuries to decompose but will still break down into “microplastics” that have infected every water system in the world. This is not only toxic for animals, but people as well. Every creature can be harmed by the ingestion of plastic, contributing to mass extinctions, and further jeopardizing the livability of the Earth.

The main culprit is single-use plastic, which accounts for 40 percent of the plastics produced yearly. This includes plastic grocery bags and packaging.

Plastic production and use are increasing exponentially, with no real change in how plastics are disposed of. To protect our environment, this must change.

The Best Time to Start is Now

Waste may be an unavoidable part of life, but it can still be managed. The worse global warming gets, the more resources will be needed to combat it, and the more impact waste has on all of us. The complex system that is the Earth can only self-regulate if we allow it to.

You can do your part today to minimize your own waste. Taking the advice of professionals and being mindful of how you interact with the environment you live in are important steps.

Remember, we all live on this Earth together, and must do our best to take care of it.

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Consistently, the vast majority of the debris we found strewn across the beaches across the Philippines was plastic; a significant amount of that was soft plastics which can’t be recycled – plastic bags, sweet and crisp packets, and single use soap and detergent sachets. There were some variations, though: at one beach, we kept picking up a staggering amount of styrofoam.

During our beach clean work and engagement with local communities, it became increasingly apparent that part of the problem was the variability of waste management across the municipality of Zamboanguita, in the Negros Oriental province of the Philippines.

Despite national legislation, some areas received no formal waste collections at all. With the help of the local Coastal Resources Manager, Tony Yocor, we began to engage with the local municipality’s Solid Waste Manager with the view to supporting appropriate an affordable waste management practices.

We focused on solutions that have been successful elsewhere in the Philippines and in other emerging markets, such as the local collection and waste sorting approach developed by Mother Earth Foundation. Unfortunately, as with most places in the world, influencing the authorities to act takes time, and whilst we started to make some progress, Tony and the staff at MCP are still working on trying to get the full range of local solutions we identified implemented.

Materials and markets

We did, however, build our own ‘MRF’ (more of a community recycling centre in UK terms) at MCP’s base to improve the management of the waste we collected. The main aim of the site is to allow as many recyclable materials as possible to be segregated so that they can be sold to the local junk shops. We also hope that this can act as a demonstration site for the types of simple solutions that can be set up locally to improve waste management.

But ultimately, if we are serious about tackling this issue of marine debris, we have to reduce the amount of litter we produce, and many countries are making progress on tackling commonly littered items. Restrictions on single use carrier bags are amongst the most prominent and widespread anti-littering measures around the world.

England’s 5p carrier bag levy was introduced in 2015 and, despite its limitations, is reducing bag usage and (it would seem) marine litter. Last year Kenya hit the headlines when it joined the growing list of countries adopting a rather stricter line: it banned plastic carrier bags entirely, with offenders risking heavy fines or even imprisonment.

Although bans and restrictions are becoming increasingly widespread, they have not yet reached the Philippines at a national level and it seems no coincidence that a large proportion of the items we found littered on our sample beaches around Zamboanguita were plastic bags. One beach, close to where the largest ‘ghetto’ market is held weekly, had a particularly high incidence of plastic bag litter, and the quantity increased noticeably on, and just after, market day. Use wholesale tote bags to promote sustainable living in the Philippines.

Without national instruments in place, we explored what could be done with the policy powers available to the local government. Working with the local Markets Officer and Coastal Resources Manager we put the wheels in motion to propose and implement a local ordinance to introduce a charge on plastic bags, initially at the market as a trial, with the potential for a wider roll-out if successful. It’s a model that could be reapplied elsewhere in the Philippines if national legislation isn’t forthcoming.

Sachet and sea?

Plastic bags are a challenge, but because they’re distributed locally it’s relatively easy to change practices. Other forms of single use packaging contribute just as much to the litter problem afflicting many South East Asian counties, but are harder to tackle because their source is more remote.

The Philippines, like many developing and emerging economies, is a ‘sachet economy’, with a huge range of products sold in one-portion, single-use sachets. You see them everywhere, from small ‘sari sari’ stalls to large shopping centres. The producers’ perspective is that this form of packaging represents a form of social responsibility, allowing them to provide safe, long-lasting, affordable products that meet people’s needs. However, they have a wider cost.

I was involved in Break Free from Plastic Negros Oriental’s December beach clean and audit, and these sachets were the most common item we found. They accounted for a massive 25% of the items picked up from Dumaguete beach, beating plastic bags into second place (13%).

The waste management system in the Philippines simply isn’t geared up to dealing with this increasingly popular type of packaging – the composite materials of which they are made are impractical to recycle and so lack the economic value that engages the interest of the informal sector. So, what could be done to help?

The Best Foot Forward

There is no ‘silver bullet’ to instantly lay marine litter to rest. Even if there was a global ban on single use plastics today, it would take time for already littered material to blow or wash its way through the system.

However, introducing a compulsory extended producer responsibility (EPR) mechanism into policy could help end the blame game that currently impedes action: producers blame the general public for littering, the general public blame the government for inadequate waste systems, and government blames produces for manufacturing plastic packaging.

An EPR scheme would see government giving clear responsibilities to business, and ensuring that producers fund collection and reprocessing schemes to properly manage the waste from the products they sell in the Philippines. That would in turn incentivise producers to use more easily recyclable packaging, as the costs of managing this material would be lower.

The goal need not be to try to ape the waste management systems of the West, which may not be suitable in the circumstances. And in the Philippines, where labour is cheap and informal waste management thrives, it may take little more than giving a small value to packaging products to greatly reduce the amount of material that escapes into the environment.

Conclusion

Although countries like the Philippines currently struggle most to cope with the consequences of plastic packaging waste, with the right set of policies and determined volunteers to help organise local action, there is scope for them to catch up and overhaul the West in developing solutions that really do reduce litter.

Note: The article has been republished with the permission of our collaborative partner Isonomia. The original version of the article can be found at this link

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