Improving Markets For Recycled Plastics Trends Prospects And Policy Responses

Plastics have become one of the most prolific materials on the planet: in 2015 we produced about 380 million tonnes of plastics globally, up from 2 million tonnes in the 1950s. Yet today only 15% of this plastic waste is collected and recycled into secondary plastics globally each year. This ...

This policy brief outlines the main findings from the project Plastic Waste Markets: Overcoming barriers to better resource utilisation. The aim of the project is to provide an overview of the key barriers to a stronger and more robust market for recycled plastics, and to suggest potential initiatives that could be used to overcome these barriers and strengthen the market. The project is part of the market challenges to the Nordic Prime Ministers’ green growth initiative, The Nordic Region – leading in green growth.

Markets for many classes of recyclable materials are growing, but market failures and barriers are constraining some markets. This report presents the case for the use of 'industrial' policies which address such market failures and barriers.

While plastics are extremely useful materials for modern society, plastics production and waste generation continue to increase with worsening environmental impacts despite international, national and local policy responses, as well as industry commitments. The first of two reports, this Outlook intends to inform and support policy efforts to combat plastic leakage.

This project examines the market for recycled plastic, with a primary focus on post-consumer plastic waste because this is considered to be the more problematic. The market for plastic waste generated in manufacturing and production is relatively strong and well-functioning; As a consequence, the majority of plastic waste from manufacturing and production is recycled. Post-consumer waste is much less homogenous: it comes from a wide variety of sources, and contains a wide variety of plastics and tends to be difficult to collect, sort, and recycle. This project identifies barriers to further utilisation of recycled plastics, and analyses a collection of policy tools that could be used to support and expand that market.

Adopting more sustainable ways of managing the ocean is a global priority: protecting its health will bring benefits to all. Developing countries face specific challenges, as many depend heavily on ocean-based industries and are overly exposed to the consequences of ocean degradation.

The COVID-19 pandemic plunged the EU into its worst-ever recession and risks increasing inequalities, notably between regions. Thanks to a bold and innovative policy response, including a common instrument to finance national recovery plans (Next Generation EU), growth is rebounding, but ambitious reforms will be essential to heal the scars of the pandemic and succeed in the green and digital transitions.