Four Key Groups to Lead Circular Plastics Transition

The world will continue to accumulate more and more plastic.

As standards of living rise and plastics demand grows, plastic-waste generation is on track to outpace population growth and will ultimately pose disruptions to all businesses involved in the direct and extended plastics value chain.

The industry must prioritize the development of solutions that expedite the transition from a linear to a circular model.

It's time for the plastics value chain to be reinvented, four key groups must lead the transition.

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IHS Markit Circular Plastics Service provides a comprehensive, scenario-based evaluation of how the plastics value chain is expected to transition from a linear to a circular economy.

The plastics waste dilemma isn't going away, affecting the industry and your business directly. With IHS Markit Circular Plastics Service, understand government regulations and polices, prepare a plan to mitigate risk, determine which part of your company is most vulnerable, and assess opportunities for investment.

Circular Plastics Service enables you to:

• Track government regulations, policies and targets established by brand owners, industry alliances, NGOs and ESG investors and understand what this means for your business in the countries and regions where you have operations
• Prepare a plan to mitigate against major sustainability-driven shifts in downstream plastics consumption
• Determine which parts of the company's product offerings are most vulnerable to reductions in demand for virgin (non-recycled) plastic.
• Assess opportunities for investment collaboration in circularity
• Assess the relative value propositions of competing recycle technologies and anticipate where investments will be directed to scale infrastructure.
• Anticipate the timing and magnitude of the impact to feedstocks that will develop during the plastics transition to circularity