Convergence and Collaboration to Usher Circular Economy in the Plastics and Composites Industry
Convergence and Collaboration to Usher Circular Economy in the Plastics and Composites Industry Updated Research Available
8 Transformational Growth Themes for Brand Owners Committed to Circularity
03-Mar-2021
Global
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Description
Having successfully supported diverse applications across demanding industries, polymers and composites have emerged as key enablers of innovation in product design and manufacturing. Their exceptional physical and chemical properties, coupled with ease of processing and lower cost, render them ideal for a diverse set of applications across industries, such as packaging, automotive, electrical and electronics, furniture, building and construction, and consumer goods.
Nearly 370 million tonnes of plastic were consumed in 2019, and overall plastic waste collection volumes were estimated to be 45% to 50% of the total consumption. However, the grim reality of the existing shortfall in plastic waste handling is that only under a third of the plastic waste collected is recycled while two-thirds of the volume is either sent to landfills or incinerators or to energy recovery. Packaging accounts for more than 40% of overall plastic consumption and composes more than 55% of total global plastic waste; less than 15% of the plastic packaging waste so generated is collected for recycling.
In the wake of ever-rising pressure, from both consumers and government bodies, leading brand owners and OEMs across diverse sectors have adopted ambitious targets to integrate sustainability and circularity into their business activities.
Frost & Sullivan’s research, 'Convergence and Collaboration to Usher Circular Economy in the Plastics and Composites Industry,' focuses on what companies in the plastic and composite industries are doing to achieve a more circular economy, and how this is likely to develop between 2020 and 2025.
Through 2019 and 2020, aside from the COVID-19 pandemic, the biggest single global issue was the environment: climate change, the unsustainable use of resources, and the growing realization of the impact of waste. One of the primary strategies being employed to reduce human impact on the environment is the transition to a more circular economy. As these strategies are numerous, complex, and hard to navigate, many companies are set on achieving circularity through one of the various 'loops' that are available.
Frost & Sullivan has identified eight individual themes that are used in this research to categorize the many different strategies being employed by companies to create a more circular economy for plastics.
1. Reuse
2. Mechanical recycling
3. Purification and depolymerization
4. Feedstock recycling
5. Upcycling
6. Alternative feedstock
7. Enabling technologies
8. Collaboration
While four of these are individual circular loops, three are additional perspectives on how to make the industry more circular and sustainable. The final loop—collaboration—focuses on digital technology and the role it will play in enabling traceability of material, from end-of-life to its second life, no matter which loop it goes through to get there. The primary focus of this research is to provide an assessment of the potential for the aforementioned eight themes.
A swift transition to a circular economy entails the development of a system composed of a series of interlinked loops, coupled with the convergence of technologies and collaborative engagements that ensure constant reduction, reuse, regeneration, and recycling of plastics.
Key Issues Addressed
- What is driving the preference for a more circular plastics economy?
- What are the challenges and impediments to its adoption?
- What initiatives are industry participants undertaking to accelerate adoption?
- What are the plastic industry’s desired business outcomes from the transition to a circular economy?
Author: Gautam Rashingkar
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Circular Economy in Plastics & Composites
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
Circular Economy in Plastics—Scope of Analysis
Circular Economy in Plastics—Segmentation
Circular Economy in Plastics—Research Structure
Circular Economy in Plastics—Research Structure (continued)
Circular Economy in Plastics—Driving Factors
Circular Economy in Plastics—Driving Factors (continued)
Circular Economy in Plastics—Key Challenges
Operational Challenges
Regulatory Challenges
Competitive Challenges
Circularity Initiatives Being Undertaken to Accelerate Adoption
Challenges to Circularity Initiatives
Possible Outcomes of Circularity Initiatives
Possible Outcomes of Circularity Initiatives (continued)
Integrated Circular Economy—Convergence of Key Themes
Plastic Consumption by Application
Plastic Production by Region
Plastic Consumption by Polymer Type
Plastic Material Flow
Plastic Material Flow (continued)
Polymers and Prominent Recycling Techniques
Recycling Themes
Global Plastics Recycling Overview
Theme 1—Reuse
Reuse By Reconditioning—Industrial Bulk Packaging
Reuse By Reconditioning—Consumer Packaging
Reuse and the Right to Repair
Theme 2—Mechanical Recycling
Short-loop Recycling Strategy from Renault
Bottle-to-Bottle—Closed-loop Recycling from Alpla
Mechanical Recycling Strategies
Theme 3—Purification and Depolymerization
Purification—Polystyrene
Purification—Polypropylene
Depolymerization—Polystyrene
Depolymerization—Polyester
Depolymerization—Polyester (continued)
Key Participants in Purification and Depolymerization for a Circular Economy in Plastics & Composites
Theme 4—Feedstock Recycling
Pyrolysis Oil from Mixed Plastic Waste for Circular Plastic
Pyrolysis Oil from Mixed Plastic Waste for Circular Plastic (continued)
Pyrolysis—Proprietary Technology from LyondellBasell
Gasification of Mixed-Plastic Waste—Enerkem Case Study
Gasification of Mixed-Plastic Waste—Eastman Case Study
Hydrothermal Upgrading—Licella Case Study
Chemical Recycling
Key Participants in Feedstock Recycling for a Circular Economy in Plastics & Composites
Theme 5—Upcycling
Upcycling of Post-Processing as well as Post-Consumer Waste
Theme 6—Alternative Feedstock
Renewal Feedstock for Polyolefins—Vegetable Oils and Fats
Renewal Feedstock for Polyolefins—Wood Residues
Renewal Feedstock for Polyolefins—Biobased Plastics/Bioplastics
Bioplastics in a Circular Economy
Alternative Feedstock—CO2 Valorization for CO2-based Polyurethanes (PU)
Alternative Feedstock—CO2 Valorization for CO2-based Polyolefins
Cross-sector Collaboration in CO2 Valorization
Theme 7—Enabling Technologies
Digital Tracking with Blockchain
Digital Tracking with Blockchain (continued)
Digital Tracking with Blockchain (continued)
Mass-Balance Approach
Advanced Physical Tracing Measures
Synergies Between the Different Aspects of Enabling Technology
Theme 8—Collaborations Driving Circularity
Collaborations Between Personal Care Brand Owners & Recycling Companies
Collaborations—Resin Manufacturers Acquiring Recycling Companies
Collaborations—Resin Manufacturers Partnering with Recycling Companies
Collaborations—Resin Manufacturers Partnering with Recycling Companies and Brand Owners
Collaborations—Resin Manufacturers Partnering with Recycling Companies
Circular Economy in the Plastics Industry—Key Growth Opportunities
Growth Opportunity 1—Collaborative Approach Toward Sustainable Product Development
Growth Opportunity 1—Collaborative Approach Toward Sustainable Product Development (continued)
Growth Opportunity 2—Strengthening Reverse Logistics and Recycling Infrastructure
Growth Opportunity 2—Strengthening Reverse Logistics and Recycling Infrastructure (continued)
Growth Opportunity 3—Strengthening Closed-loop Recycling to Address the Demand for Recyclates from High-value and Sensitive Applications
Growth Opportunity 3—Strengthening Closed-loop Recycling to Address the Demand for Recyclates from High-value and Sensitive Applications (continued)
Growth Opportunity 4—Integrating Mechanical and Chemical Recycling Approaches to Improve Recycling Rates
Growth Opportunity 4—Integrating Mechanical and Chemical Recycling Approaches to Improve Recycling Rates (continued)
Growth Opportunity 5—Decoupling Petroleum Feedstock and Plastics: Upscaling Recycling and Use of Green Energy
Growth Opportunity 5—Decoupling Petroleum Feedstock and Plastics: Upscaling Recycling and Use of Green Energy (continued)
Growth Opportunity 6—Strengthening Transparency & Traceability in Material Provenance: Composition and Specifications
Growth Opportunity 6—Strengthening Transparency & Traceability in Material Provenance: Composition and Specifications (continued)
Growth Opportunity 7—Design for Recyclability and Reuse: Responsible Design
Growth Opportunity 7—Design for Recyclability and Reuse: Responsible Design (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
Key Issues Addressed
- What is driving the preference for a more circular plastics economy?
- What are the challenges and impediments to its adoption?
- What initiatives are industry participants undertaking to accelerate adoption?
- What are the plastic industry’s desired business outcomes from the transition to a circular economy?
Author: Gautam Rashingkar
No Index | No |
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Podcast | No |
Author | Gautam Rashingkar |
Industries | Chemicals and Materials |
WIP Number | MFC2-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9100-A2,9595,9870 |