29 Jan STRETCHING THE POSSIBILITIES: TOP FUTURE TRENDS IN PLASTICS TO BE TRACKING
Let’s be real: Future trends in plastics industry business practices reflect that the field has faced increased scrutiny over waste and sustainability issues, necessitating innovation and shifting dynamics in the coming years. That means that if you dive deep into research and future trends in plastics reports, you’ll get a better sense of where things are heading.
(1) Circular Economy Focus – Recycling rates remain low with most plastic becoming waste. In response, plastic producers will increase investments into advanced recycling technologies like chemical recycling to support a circular economy. Improving economics and infrastructure around collection and processing will be critical.
(2) Bioplastics Growth – Consumer backlash against waste coupled with green purchasing preferences has catalyzed interest in plant-based biodegradable bioplastics made from renewable feedstocks. Advances in bioplastics performance have expanded potential applications. Commercialization partnerships between chemical companies and biotech firms will further scale production.
(3) Lightweighting Advances – The environmental and economic benefits of lightweighting plastics in packaging, vehicles, electronics and high-performance applications will drive R&D around stronger, more rigid plastics to enable further lightweighting. It supports sustainability and brings production costs advantages.
(4) Digitalization & Automation – Industry 4.0 technologies like IoT sensors, advanced robotics, 3D printing and predictive analytics will transform plastic manufacturing. An intelligent factory approach will enable mass customization, improve quality control and provide supply chain transparency surrounding recycled content and sustainability.
(5) Regulatory Changes – Governments globally are banning or regulating certain single-use plastics while setting recycled content mandates. Chemical regulations tightening plastic safety and monitoring will also increase. The shifting regulatory landscape will compel investments into alternative materials and safer, more sustainable plastic design aligned to public sentiment.
While convenient and cost-effective, future trends in plastics suggest that providers must shed environmental stigma through upcycling technologies and innovative alternatives if they are to maintain social license and industry growth. Plastic producers will need consistent substantial investments and structural shifts to get ahead of the sustainability curve as trends drive change.