Page 42 - Plastics News November 2025

FEATURE NEWS

Market Insights: The Global Plastic Recycling tics is public awareness. The push towards sus-
Boom tainable polymer development on a large scale
is driven by consumers favoring products that
According to the latest market studies, the world are labeled as recycled or biodegradable and
innovations in the recycling business are expo- forcing manufacturers to switch to these labels
nential growth trend. The advanced plastic recy- in greater numbers. Joint ecosystems between
cling technologies sector is estimated to reach technology companies, recyclers, and regula-
over US$60 billion by 2030, as a result of the tors are also laying the foundation for the future
increased demand for recycled materials in the of the manufacture of eco-friendly plastics.
packaging, motor vehicle, and textile sectors.
The Future Outlook
Market Segment CAGR (2024–2030) Key Drivers
Chemical Recycling of 8.2% High recovery efficien- The introduction of sophisticated plastic recy-
Plastics cy, corporate sustain- cling technologies, artificial intelligence, and ma-
ability targets
Mechanical Recycling 6.5% Lower costs, regula- terial science is pushing the boundaries of the
Process tory mandates
sustainability concept. The following 10 years will
Plastic-to-Fuel Con- 9.1% Energy recovery
version potential, waste see a revolution in which all the discarded plastic
reduction
products will be utilized as a resource, not waste.
PET Recycling Tech- 7.8% Growing beverage
nology sector demand
Consider a scenario where recycling of plastics
These values underscore the fact that the re- through PET technology is in complete harmony
cent developments in plastic recycling are not with chemical recycling, plastic-to-fuel conver-
scientific endeavours, but important economic sion is used by industries, and biodegradable
prospects. The majority of countries with good plastics materials are commonplace. This is not
plastic waste management plans are likely to a far-off future but the reality of green plastic
be the leaders in the sustainable production to production in the future, which is founded on in-
drive green-based innovations and workplaces. novation, cooperation, and responsibility.
Difficulties and the Way ahead With the current increasing trends in recycling

of plastics, one thing is quite evident that tech-
Despite such developments, challenges still per-
sist.The high energy consumption used in chem- nology is not merely solving the plastic prob-
ical recycling of plastics and the inability of the lem, it is redefining the whole value chain. The
mechanical recycling of plastics to overcome the breakthroughs in the recycling sector today are
issue of contamination continue to plague the the backbone of a sustainable planet tomorrow,
process. Nevertheless, these challenges can be whereby all the molecules of plastics receive a
overcome by continuous R&D, supported by the second, third, or even an infinite life within the
policy, and the integration of AI. circular economy of plastics.
Source – Plastics Technology
The fourth element that is important in the
strengthening of the circular economy in plas-

42 PLASTICS NEWS November 2025