PCR Certificaiton program Asia
Global Plastics Production and Recycling
Global plastic production is expected to increase exponentially toward 2050, however, only ~9 % of plastics is recycled. W ithout a significant curb on the plastic waste pollution, the global environm ent and econom y, as well as the hum an society and health will be severely im pacted. The Plastics industry is currently facing a serious business challenge on m oving forward. W hat is the solution? To booster the plastics recycling is a proven solution and it is a practical one. According to Fairfield Market Research, the global recycled plastics m arket will register a CAGR of 8.1% between 2022 and 2026. The global recycled plastics m arket is expected to be worth US$30.2 Bn in 2026 from US$19.5 Bn in 2019.
On the Opening Day (Feb. 28, 2022) of United Nations Environment Assembly (UNEA-5.2) for a legally binding global agreement on plastic pollution, aiming to reduce discharge of plastics into the environment by covering all stages of the plastic life cycle and by adopting a circular economy approach to plastics,
