Page 60 - Plastics News Issue November - 2024
P. 60

PRODUCT NEWS




          Researchers have developed a method to co-             more sustainable alternative for a range of in-
          valently bond plasticizers directly to the PVC         dustrial applications.
          polymer backbone to combat these issues. This
          electrocatalytic functionalization modifies the        Environmental and Industrial Impact
          carbon-chlorine (C–Cl) bonds in PVC, perma-            The implications of this breakthrough are sig-
          nently attaching the plasticizers to the material.     nificant. By preventing the release of microplas-
          As a result, the plasticizers remain securely in-      tics and harmful compounds, this new method
          tegrated, preventing the leaching that typically       could help reduce PVC’s environmental foot-
          occurs with traditional PVC formulations.              print. Moreover, products made from covalently

                                                                 bonded PVC would last longer, requiring fewer
          This covalent bonding approach allows precise
          control over the grafting process by adjusting         replacements and reducing waste. While further
          the redox capacity during electrolysis. By doing       scaling is needed, this innovation has the po-
          so, the modified PVC materials retain their en-        tential to revolutionize the production of safer,
          hanced properties without the risk of shedding         more sustainable materials.
          microplastics or hazardous organics, offering a                                Source – Plastics Engineering



          Plastic Bag Market Size



          Expected to Reach USD 35.41 Bn by 2033





                                                                 2033, according to a study published by To-
                                                                 wards Packaging a sister firm of Precedence
                                                                 Statistics. Asia Pacific dominated the plastic bag
                                                                 packaging market in 2023 with the largest mar-
                                                                 ket share. Europe region is anticipated to grow
                                                                 at a healthy CAGR during the forecast period.

                                                                 Navigating the Plastic Bag Market: Insights
                                                                 and Future Directions

                 he global plastic bag packaging market          Plastic bags are gaining immense popularity
                 size was valued at USD 25.98 billion in         across various sectors, such as retail, food and
          T2024 and is expected to reach around                  beverage, healthcare, and pharmaceuticals.
          USD 35.41 billion by 2033, growing at a CAGR of        These bags are used for storing, carrying, and
          3.5% from 2024 to 2033.                                transporting goods, as they are lightweight, du-

                                                                 rable, and resistant to moisture, making them a
          The global plastic bag packaging market size           better option for single use. Many retail stores
          is predicted to increase from USD 26.89 billion        and supermarkets provide consumers with plas-
          in 2025 to approximately USD 35.41 billion by          tic bags for carrying consumer goods.


             60   PLASTICS NEWS                                                                November 2024
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