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

8 Transformational Growth Themes for Brand Owners Committed to Circularity

RELEASE DATE
03-Mar-2021
REGION
Global
Research Code: MFC2-01-00-00-00
SKU: CM01856-GL-MT_25280

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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.
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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)

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Related Research
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. 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 & Sullivans 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.--BEGIN PROMO--

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

More Information
No Index No
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