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Turnover of Plastics Producers Down more than 20%
German plastics producers are in crisis. Both turnover and production fell significantly in 2023. Plastics Europe Germany is talking about the worst crisis in the industry‘s history. It is hoped that the planned Growth Opportunities Act and the circular economy will stimulate growth.
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CHINAPLAS 2024: plastics transformation turns the page in circular economy
The imminent conclusion of the legally binding Global Plastics Treaty in 2024 and the joint release of the Sunnylands Statement by China and the United States send a strong signal to the world for global collaboration in actively addressing plastic pollution. This brings unprecedented development opportunities for the plastics recycling industry.
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The Quest for Compostable Plastic
Researchers are rethinking synthetic plastic from the ground up. It was hailed as a wonderful thing: During the oil boom in the 1950s, chemists began to render the waste coming out of refineries into plastic—plastic packaging, plastic furniture, plastic fibers woven into synthetic cloth. These were miracle materials, moldable and pliable but strong and lasting....
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How Hong Kong can rescue the struggling recycling industry and win its war on plastic waste
PET is the world’s most recycled plastic, with US and European recycling rates of 31 per cent and 52 per cent dwarfing Hong Kong‘s12.3 per cent for all kinds of plastics. A Hong Kong circular supply chain facility clocks only 30 per cent capacity utilisation due to weak policy support, poor infrastructure and consumer distrust,...
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Plastic Recycling Market Size, Share, Trends, Growth 2032
Plastic Recycling Market By Material (Polyethylene Terephthalate, Polypropylene, High-Density Polyethylene, And Low-Density Polyethylene), By Recycling Process (Chemical And Mechanical), By Application (Packaging, Automotive, Construction, Textile, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032.
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Is Europe set to become China’s recycling bin?
The EU is considering defining post-consumer plastic waste as “plastic waste placed on the market of a Member State or a third country” – a definition which could threaten the entire recycling industry in Europe, write Lauriane Veillard and Joan Marc Simon.
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What are the impacts of the Red Sea shipping crisis?
The Red Sea shipping crisis — a result of Houthi rebel attacks on cargo ships and tankers — is causing hundreds of vessels to avoid the Suez Canal, one of the world’s most important waterways. Instead, these vessels are being forced to reroute around southern Africa — a lengthy detour that adds 4,000 miles to...
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Chinaplas 2024: expediting the transformation from “Made in China” to “Innovated in China”
The year 2023 marked a turning point for China as doors reopened, revealing a multitude of opportunities. Under the resumption of normalcy, the economy grew at a rate of 5.2% in 2023, according to the National Bureau of Statistics of China. As the economy recovers, sectors such as automotive, consumer electronics, and e-commerce have regained...
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