2020 is proving to be a pivotal year for plastic action, with renewed calls to take a more systemic approach as opposed to an overreliance on recycling. By 2050, the global plastic footprint will be equivalent to 615 coal plants running at full capacity.
Current recycling infrastructure cannot deliver sufficient resin for companies to hit their ambitious recycled content goals. With increased investment, McKinsey estimates recycled resins could replace almost a third of virgin plastic by 2030 and nearly 60% by 2050. Bioresins are gaining traction as alternatives since they’re all based on natural plant and vegetable extracts or renewable resources.
There are a myriad of internal applications for specialized medical-grade plastics, but there is also an uptick in the call for injection-molded tools, equipment, and devices to better manage the increasing mobility of healthcare.