Plastic recycling involves the mechanical or chemical retrieval of discarded plastic waste generated during production (pre-consumer) or after consumer use (post-consumer). This process not only proves cost-effective but also aids in reducing carbon emissions. Recycled PET plastic, extensively used in packaging and construction, finds applications in primary and secondary packaging and various construction materials like plastic lumber, roofing membranes, curbs, and flooring.
Stringent regulations against landfill dumping in developed countries, particularly in Europe, have significantly propelled the global plastic recycling market. Countries within the European Union have implemented bans on plastic waste disposal in landfills, resulting in a marked increase in plastic recovery rates post-ban. Directives like the EU Landfill Directive aim to drastically reduce landfilling of municipal waste to 10% or less of the total generated by 2035.
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Globally, there’s an upsurge in environmental consciousness, leading governments and private entities to initiate extensive programs diverting plastic waste away from oceans. Initiatives promoting recycling of plastic bags and bottles, along with various collection methods like curbside recycling and drop-off centers, have gained traction. Innovative ideas such as plastic banks incentivize waste collection, preventing littering. Notably, the Government of Indonesia launched a program incentivizing traditional fishers to collect sea plastic, targeting a substantial reduction in marine plastic waste by 2025.
The economic advantages of plastic recycling are evident. Given that 8% of the world’s oil is used for plastic production, recycling contributes to decreased oil and electricity consumption. Recycling 1,000 kg of plastic saves significant amounts of oil, electricity, and landfill space. Recycled plastic is generally more cost-efficient than its virgin counterpart. Initiatives like SWaCH Pune in India showcase remarkable plastic waste segregation, diverting a considerable amount from landfills while operating at a lower cost compared to conventional waste management systems. Waste pickers within this service save a significant sum annually in labor, transportation, and processing costs.
In essence, the global push toward plastic recycling not only addresses environmental concerns but also proves economically beneficial by conserving resources and reducing costs associated with waste management.