Despite ambitious goals for sustainability and a circular economy, virgin plastic often remains more economically viable than recycling.
Why?
– Cost disparity: Virgin plastic production is still cheaper due to subsidized fossil fuels and efficient production methods. Recycling, on the other hand, involves higher processing costs and fluctuating demand for recycled materials.
– Market acceptance: a recycled product may be perceived as being inferior to virgin plastics.
– Regulatory gaps: While legislation is pushing for change, a lack of uniform standards for recycled plastics creates barriers to widespread adoption.
– Technological limitations: Current recycling methods struggle with mixed plastics and contamination, making it harder to meet the quality needed for reuse.
But there’s hope. Innovations in recycling technologies and policy shifts could change the situation. At BlueXPRT, we’re exploring these dynamics to help businesses understand the challenges and seize the opportunities ahead.
Join us in January for our X-Lives webinar, where we’ll present examples and explain how to receive finance for your innovation. Check more details here: https://lnkd.in/dmNk6-qr
