Transition levers for circular plastics

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The plastics ecosystem is firmly on a transition in which the incumbent make, use and dispose model for plastics is moving to a one where companies design out waste, keep resources in use as long as possible, extract the maximum value while in use, then recover and regenerate valuable products and materials at the end of life.

Solutions will require global coordination of policies, financial support, and transformative technologies. IHS Markit prepared two scenarios are used to explore the various issues emerging during this challenging period for stakeholders in the plastics industry.

Three key levers can significantly alter how stakeholders operate and determine long-term success in this new environment:

  • Infrastructure and technology investment
  • Increased "plastics" policymaking and goal setting by stakeholders
  • Circular plastics business models for viable economic and carbon emissions

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