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 landfill” of plastic waste by 2030. • PET, HDPE, LDPE, PVC and PP recycling rates will increase to 67%, 57%, 36%, 48%, 47% respectively in 2030. Banning of single-use plastics in many countries is a result of UN and other organizations stressing on rise of plastic packaging waste in oceans.• Waste to Fuel is an innovative solution to curb packaging plastic. Plastics which cannot be recycled can be converted to fuel. Waste to Energy (WtE) through incineration is gaining traction in many countries that are running out of space for landfills.• Key trends that influence generation of plastic packaging waste include change in consumer habits, increased urbanization, increased use of plastic in food packaging, increased use of personal care prdoucts, innovative in polymer science and rapid increase in global bottled water hydration market.• Some of the key elements for success in recycling of plastic packaging waste include effective labelling, smart bins and reverse vending machines, sorting/separation technology, chemical recycling and plastic to fuel.For further insights, please join is for the future podcasts and become a member of the Frost & Sullivan’s Leadership Council by emailing us at: [email protected] Keywords: Frost & Sullivan, Plastic, Packaging, Plastic waste, Import ban, China, e-commerce, smart bins, single-use plastics, circular economy, environmental regulation, PET, HDPE, LDPE, PVC, PP, zero landfill, circular economy, sustainable development goals, recycling, recovery, waste to fuel, polymer science, ocean, marine pollutionWebsite: www.frost.com Hosted on Acast. See acast.com/privacy for more information.

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