In 2023, the plastics industry sector in Europe will continue to grow, with the adoption of environmentally friendly practices and a greater focus on sustainability.
The plastics industry is an important source of materials in Europe, especially for the automotive, packaging and construction sectors. However, as the production and use of plastics can cause environmental problems, the European Union has introduced strict legal regulations for the reduction and recycling of plastic waste. Therefore, the plastics industry in Europe is evolving with a greater focus on environmentally friendly production methods and sustainability.
In Europe, three main trends are expected for the plastics industry in 2023:
Use of More Sustainable Materials: The plastics industry is moving towards the use of more sustainable materials to reduce waste and adopt environmentally friendly practices. In particular, the use of environmentally friendly materials such as biodegradable plastics and biopolymers produced from renewable resources is increasing in the plastics industry in Europe.
Higher Recycling Rates: In Europe, higher targets are being set for the recycling of plastic waste. By 2023, Europe aims to recycle at least 50 percent of all plastic waste. This target creates an opportunity for the development and diffusion of recycling technologies in the plastics industry in Europe.
Digitalization: The plastics industry is also advancing in digitalization. Digital technologies can be used to improve efficiency and quality in production processes, reduce waste and lower the carbon footprint. For example, artificial intelligence and sensor technologies can be used to improve efficiency in production processes.
As a result, the plastics industry sector in Europe will continue to grow, with trends such as the adoption of environmentally friendly practices, the use of sustainable materials, high recycling rates and digitalization. These trends will create new business opportunities for the plastics industry in Europe, while also contributing to solving environmental challenges. However, to achieve these goals, all industry stakeholders need to collaborate and develop innovative solutions. The plastics industry will become a more environmentally friendly sector with the steps taken for a sustainable future.