Plastics Transformation Turns the Page in Circular Economy
The imminent conclusion of the legally binding Global Plastics Treaty in 2024 and the joint release of the Sunnylands Statement by China and the United States send a strong signal to the world for global collaboration in actively addressing plastic pollution. This brings unprecedented development opportunities for the plastics recycling industry.
According to the latest research report from InsightAce Analytics, the global plastics recycling market size is forecast to grow at a 7.71% CAGR from 2024 and reach US$77.89 billion by 2031. Faced with this immense opportunity, end-user brands, plastic product manufacturing companies, recycled plastics and recycling companies are seizing the chance for business growth, while also fulfilling their social responsibilities.