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Global view: reducing and recycling plastics

The growth in demand for plastic products and packaging, and rising environment concerns, are the main drivers for plastic recycling.

The key economic factor that governs the plastic recycling industry concerns the cost and quality competitiveness of recycled resins when compared with virgin materials.

A large driver of growth in the industry stems from growing public interest in reducing the environmental footprint of plastic products.

As a result, large multinationals are beginning to set ambitious sustainability targets, and adopting more circular economy approaches.

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