New York, Jan. 24, 2023 (GLOBE NEWSWIRE) — Reportlinker.com has announced the release of the report “Global Plastic Recycling and Additive Technology Growth Opportunities” — https://www.reportlinker.com/p06383516/?utm_source=GNW
Additives form an important part of the polymer recycling industry.
It is widely used to modify plastic products during assembly and processing.
This study includes a discussion of the challenges associated with recycling and the importance of recycled polymers.
Four additives – stabilizers, comptibilizers, impact modifiers, and clarifying agents – are analyzed, along with the end use of each type of additive.
The study also highlights the growing opportunities in the plastic recycling market along with additional plastic recycling for stakeholders in the value chain. The use of additive technology can be seen in two areas: 1) In the processing of virgin plastic: improving the appearance of products by using additives, such as plastics, reinforcements, strength modifiers, processing aids, and fire retardants 2) In recycling plastic: improving the appearance and recycling schools using additives, such as regular, similar, flexible, and reflective materials Asia-Pacific is the largest consumer of plastic in the world.
It accounts for about 46% of the world’s plastic.
Due to weak laws and lack of infrastructure in many countries, plastic waste is not managed properly, and its prices are very poor and recycling.
With strict policies and regulations regarding plastic recycling, Europe has the highest recycling rates.
Europe has set a goal of recycling around 70% of packaging materials by 2030 and plans to reach zero by 2025. Plastic additive manufacturers have recognized the problems associated with recycling and have begun to develop additives to help recycle plastic.
The evolution of the business cycle of finance will continue to grow and provide opportunities for stakeholders across the value chain.
Read the full report: https://www.reportlinker.com/p06383516/?utm_source=GNW
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