MarketsandMarkets

Future of Packaging Virtual Panel

Name: MarketsandMarkets Future of Packaging Virtual Panel
Start: 2024-11-14
End: 2024-11-14

14th November 2024 | 6 PM IST

1+

Hour of Insights

10+

Minute Keynote

5+

Industry Experts

1+

Stellar Panel

Navigating the Regulatory Landscape for Recycled Plastic in Packaging!

Millions of tons of plastic have entered our oceans, wreaking havoc on ecosystems and infiltrating the food chain. Shockingly, 51 trillion plastic particles—500 times more than the stars in the galaxy—pollute our waters. As per Dutch research, tiny plastic shards have even been found in human hearts and blood.

As Nelson Mandela eloquently stated, "We must heal the wound and in doing so, build a new world." By embracing recycled plastic packaging, we can heal the environmental wounds inflicted by plastic pollution and build a new world – a circular economy where sustainability and profitability go hand-in-hand.

In today’s global market, navigating the regulatory framework for recycled plastic in packaging is crucial. Current laws and future targets are driving significant changes.

By 2030, the EU aims to recycle 55% of all plastic packaging, while the U.S. plans to reduce plastic waste by 50%. Furthermore, the global market for recycled plastics is projected to reach $80 billion by 2025, emphasizing the economic potential. These regulations ensure the reduction of plastic waste, promote recycled material usage, and foster innovation in sustainable packaging.

The current landscape includes diverse regulatory approaches, such as the EU's ban on single-use plastics and China's National Sword policy restricting plastic waste imports. These measures not only push for a circular economy but also create opportunities for businesses to lead in sustainability and innovation.

Understanding and adhering to these regulatory requirements is essential for compliance and growth in this evolving market. The regulatory landscape is not a burden, but a roadmap to a more sustainable and profitable future. By actively engaging with these regulations, you can position your company as a leader in the circular economy.

WHAT TO EXPECT

What might future recycling legislation look like? Bans, economic instruments or extended producers’ responsibility?
What impact will legislation have on the types of materials chosen for packaging by the big brands and consumers?
What measures are necessary to control hazardous plastic packaging waste's transboundary movement (anti-dumping laws)?
What strategies can be implemented to foster transparent stakeholder engagement in packaging regulations?
What are some examples of countries successfully implementing bans on specific waste materials to enhance recycling efforts for packaging?
What challenges do consumer products companies face in meeting the requirements of economic instruments designed to promote recycling, such as taxes and deposit-return schemes, and what strategies are they employing to overcome these challenges