
Accelerating Circular Supply Chains for Plastics
Year of Publication
2021
Closed Loop Partners released a report, "Accelerating Circular Supply Chains for Plastics," which highlights the potential for repurposing waste plastics through innovative technologies to reduce landfill costs and decrease marine pollution.
Source:
Closed Loop Partners
Author(s):
Geography:
Global
Type:
Strategy
Purpose of Measurement:
Understanding the Problem, Solution Sets and Impact Potential
Impact theme(s):
Material Flows, Capital Flows
Closed Loop Partners released a report, "Accelerating Circular Supply Chains for Plastics," which highlights the potential for repurposing waste plastics through innovative technologies to reduce landfill costs and decrease marine pollution. The report suggests that purification, decomposition, and conversion technologies can play a vital role in repurposing waste plastics into valuable materials. The market demand for these technologies is estimated to be worth $120 billion in the US and Canada alone, and there are over 60 technology providers with significant potential to grow and scale. However, new solutions and business models integrating innovations with existing infrastructure are required to drive market incentives.