No Time to Waste: What Plastics Recycling Could Offer

The global plastics-waste volumes are projected to increase from 260 million tons per year in 2016 to 460 million tons per year by 2030, leading to a significant environmental challenge that has prompted the chemical industry to take action and redefine product stewardship to address plastics waste, as highlighted in McKinsey and Co's article "No time to waste." 

Meeting society's demands and retaining the industry's license to operate now requires a shift away from the traditional use-once-and-discard approach, presenting not only a societal imperative but also a potentially lucrative new business opportunity for the industry.