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Regulatory Changes and Sustainability: The industry is preparing for regulatory changes targeting single-use plastics, with some substances like PFAS and PVC facing potential bans in certain countries (Plastics Engineering).
Digital Transformation: Companies are leveraging AI and machine learning to enhance efficiency, reduce costs, and streamline supply chains, marking a significant shift towards digitalization (Plastics Engineering).
Materials Development: AI is being utilized to accelerate materials discovery and optimize formulations, leading to the development of materials with enhanced properties (Plastics Engineering).
Market Trends: The U.S. plastics market is experiencing a short-term downturn but is expected to rebound strongly in the second half of 2023 and into 2024 (Plastics Engineering).
Sustainability Initiatives: The industry is seeing increased efforts in sustainability management and staff training on sustainability practices (Plastics Engineering).
Advanced Recycling: Chemical recycling is struggling to gain widespread acceptance despite its potential to meet a significant portion of global plastics demand by 2030 if substantial investments are made (Plastics Engineering).
Economic Indicators: There are early signs of recovery in the plastics industry, although high inflation remains a challenge (Plastics Engineering).
Regulatory Stalemates: The latest round of global plastics treaty talks ended without agreement, indicating challenges in reaching international consensus on plastic waste management (Plastics Engineering).
Innovative Applications: New applications for bio-based and advanced polymers are emerging, such as anti-smudge coatings using bio-based polyurethane (Plastics Engineering).
Industry Conferences: Recent industry conferences have focused on addressing the latest challenges and innovations in the plastics sector, reflecting the industry's ongoing evolution (Plastics Engineering).
October 30, 2023
August 16, 2024
Sustained Growth in Demand for Plastic Pipes The global plastic pipe market size continues to expand, with a market value of approximately 37.34billionin2023,expectedtoexceed51 billion by 2029,...
Global Plastic Pollution Control Initiatives Accelerate: Multiple countries' experts have expressed appreciation for the "Replace Plastics with Bamboo" initiative, believing it will help reduce...
Global Plastic Treaty Negotiations: Talks on a global treaty to combat plastic pollution concluded in Nairobi with significant divisions. While many nations support strong measures, others are...
U.S. Plastics Demand Growth: The Plastics Industry Association reported a 1.4% increase in U.S. plastics demand from April to May 2024, reaching $22.8 billion. This marks a 3.5% year-over-year growth...
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October 30, 2023
August 16, 2024
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.