Profitability and sustainability of plastic recycling – how to succeed?

Plastic recycling has become an increasingly urgent global issue as the world grapples with the environmental impact of plastic waste. Plastics have revolutionised modern life with their lightweight, strong, and versatile properties, becoming indispensable since World War II.

However, their widespread use has led to significant environmental and human health concerns due to improper disposal and high consumption. Plastics, ranging from macro to nano-sized, infiltrate various ecosystems and human bodies. Managing plastic waste is complex due to its diverse characteristics, necessitating different global waste management practices. The need for effective plastic recycling initiatives has never been more pressing, given the detrimental effects of plastic pollution on ecosystems, wildlife, and human health.

Need of the hour – Challenges posed by plastic waste

According to the United Nations Environment Programme (UNEP), every year, 400 million tons of plastic waste is produced, and over 8 million tons of plastic find their way into the world's oceans every year, posing a severe threat to marine life and contributing to the propagation of plastic debris in water bodies. This alarming trend has underscored the critical importance of implementing robust plastic recycling programs to mitigate the detrimental effects of plastic waste on the environment.

Plastic recycling is critically essential for addressing the environmental challenges posed by plastic waste. Plastics are abundant in modern life, but their durability and resistance to decomposition mean they persist in the environment for centuries. This longevity leads to significant pollution in oceans, rivers, and landscapes, harming wildlife and ecosystems. Marine animals, for instance, often ingest plastic debris or become entangled in it, which can lead to injury or death. By recycling plastic, we can reduce the amount of waste that ends up in these natural habitats, protecting biodiversity and maintaining healthier ecosystems.

In addition to environmental benefits, plastic recycling plays a significant role in mitigating climate change. The production of new plastics from raw materials involves the extraction and processing of fossil fuels, which are energy-intensive processes that release substantial amounts of greenhouse gases. By recycling existing plastics, we can decrease the demand for new plastic production, reducing greenhouse gas emissions. This reduction is crucial in the fight against global warming and the quest to achieve international climate goals. Moreover, recycling conserves non-renewable resources like oil and gas, making using these finite resources more sustainable.

Furthermore, plastic recycling is vital for the economic and social aspects of sustainable development. The recycling industry generates employment opportunities and drives economic growth by developing new technologies and systems. Governments and businesses are increasingly adopting policies that promote recycling, driven by regulatory pressures and consumer demand for more sustainable products. Public awareness of the detrimental effects of plastic waste has led to a push for more sustainable practices, encouraging companies to incorporate recycled materials into their products and packaging. By encouraging a circular economy where materials are reused and recycled, we can create a more sustainable and resilient economy that benefits both people and the planet.

Advancements in plastic recycling

Thankfully, significant progress has been made in the realm of plastic recycling in recent years. Advancements in recycling technologies, coupled with heightened public awareness and government interventions, have catalysed a global shift towards more sustainable plastic usage and disposal. This progress gives us hope for a more sustainable future.

Innovative recycling processes, such as chemical recycling and advanced sorting techniques, are enabling a broader range of plastic materials to be recycled, reducing the amount of plastic sent to landfills or incinerated. Moreover, the development of biodegradable and compostable plastics is offering promising alternatives to traditional plastics, further driving the momentum towards a circular economy for plastic materials.

On a larger scale, the role of businesses in embracing sustainable practices is crucial. Multinational corporations, small businesses, and communities are adopting the principles of reduce, reuse, and recycle to minimise their plastic footprint. This newfound emphasis on sustainability is empowering and encouraging, as it shows that every business can make a difference.

Why AFRY?

We understand the challenges businesses face when it comes to plastic recycling, from navigating complex regulations to finding reliable recycling partners. That's why we offer tailored consulting services to guide companies through every step of the process. Our team of experts provides comprehensive assessments of current plastic usage and waste management practices, identifies areas for improvement, and recommends practical, cost-effective solutions.

AFRY's expertise in sustainable technologies and resource management can greatly benefit the plastic recycling business. They offer strategic consulting to companies establishing or optimising recycling facilities, providing insights into the latest recycling technologies and processes to improve efficiency and environmental impact. AFRY's understanding of regulatory requirements and market trends helps businesses develop profitable and sustainable recycling strategies. Their multidisciplinary approach supports the success of plastic recycling businesses through innovative processes and feasibility studies. AFRY is establishing and optimising recycling facilities, leveraging the latest recycling technologies and processes to enhance efficiency and reduce environmental impact.