According to a recent report by Schroeder Investment Sustainability Investment Analysts Seema Suchak and Elly Irving, the use of plastics has recently been scrutinized. The agency expects plastic packaging manufacturers to be the most affected, but waste utilization and recycling companies are expected Benefits. In addition, from 2013 to 2030, the bioplastics market is expected to achieve a compound annual growth rate of 30%.
According to the report, consumer companies need to replace disposable plastics with other materials, redesign or reduce packaging to reduce the amount of plastic used. Packaging companies face greater challenges. Currently, 37% of consumer packaging is plastic.
On the other hand, leading companies with the ability to develop sustainable alternatives (such as bioplastics or improved recyclability) will become more powerful through challenges. Chemical companies have begun to develop biodegradable biodegradable plastics and reduce material use. The amount of different types of polyester. Waste utilization and recycling companies or the need to benefit from waste recycling and recycling.