Frost & Sullivan Podcasts

Topic Discussed : Future of Circular Economy in the Plastic Packaging Recycling Market, 2030Speakers : Deepthi Kumar SugumarKey Takeaways:• The Future of Circular Economy in Plastic Packaging Recycling Market, 2030 is estimated as $13.1 billion in 2018 and is expected to grow at a CAGR of 9.1%. . As a result of stringent environmental regulations and awareness on marine pollution, many corporates have vowed to make their plastic packaging 100% recyclable in the coming years.• Volume generated for 2018 is 106.3 million metric tonnes and is expected to increase to 186.8 in 2030. The recycling rates will 54.6% in 2030 compared to 28.3% in 2018. Recycling rates will improve.  • China’s waste ban has created numerous opportunities in countries that were exporting their plastic waste. Producers, consumer and recyclers are working together to enhance recyclability of packaging plastic. Europe is going the circular economy way in dealing with packaging plastic waste by establishing a “zero la