Tendências e Desafios na Indústria do Plástico

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Trends and Challenges in the Plastics Industry – José Quintino, Chief Sales Officer

The plastics industry is essential to human society and our way of life, supplying materials to various other sectors such as the automotive, construction, health and packaging industries. This industry has undergone strong transformations, caused by the various regulations implemented at global level aimed at protecting the environment, technological innovations and consumer demands for more sustainable options. However, this industry is here to stay, as it is a cornerstone of economies and ways of life, being present in every aspect of our lives. In Europe, only around 26 per cent of plastic is used for packaging, the rest being used in other sectors such as construction, furniture, textiles and electronics.

In the 1950s, annual global plastic production was around two million tonnes, rising exponentially to 450 million tonnes in 2020. In Portugal alone, 91,520 tonnes of plastic were produced in 2020, 3,408 tonnes of which were single-use plastics.  In this article we look at some of the trends and challenges that are shaping the future of the plastics industry.

 

Trends in the plastics industry

Sustainability has become a top priority for the plastics industry, due to the efforts of states and society to reduce the impact of plastics on the environment and human health. Plastic recycling is an initiative that is gaining more and more momentum and that companies in this sector must take into account when outlining their medium and long-term strategies. Investment in recycling technology is a must for companies today.

A growing trend in this sector is the development of biodegradable bioplastics. The global production capacity for this type of plastic currently stands at 2.2 million tonnes, but this figure is expected to triple to 6.3 million tonnes by 2027. In addition to these biodegradable plastics, investment in research and development by companies and universities has led to the emergence of a wide variety of new materials.

With the rise of Industry 4.0 and technological evolution at an ever-accelerating pace, plastic production is becoming increasingly efficient and precise in its manufacturing processes. Modern equipment is capable of producing plastics of higher quality and speed, and with less waste, allowing for more detailed control of production processes.

 

Challenges in the Plastics Industry

Due to the environmental impact of plastics and their non-reuse, governments have intensified environmental regulations. Especially in Europe, which is the leading bloc in implementing sustainable regulations, plastics have been at the forefront of concerns. One of the policies that has had the greatest impact on consumers’ daily lives is the elimination of a large number of single-use plastic products through Directive 2019/904. Companies that produced this type of product were then forced to adapt and evolve in order to stay in business. The European Union continues to actively adjust regulations in order to transform the way plastic products are created, produced and recycled in Europe for a sustainable economic transition. Because of this, industrial companies have to keep an eye on the increasing amount of requirements they must fulfil in order to stay in business.

Waste management is a major challenge for the plastics industry, as it is not always economically viable, and improper disposal of plastic waste can cause significant environmental damage.

Volatility in the price of raw materials, particularly oil and its derivatives, directly affects production costs in the plastics industry. Dependence on imported raw materials also has a strong impact on production, and can cause vulnerabilities in the distribution chain.

 

Conclusion

The plastics industry is constantly changing and is affected by numerous factors, both internal to the industry, such as technological innovation and legislative changes, and external, such as consumer trends and society’s demands for sustainability.

The challenges are immense, but new opportunities are constantly emerging, with different applications for plastic products, new materials and technological innovations.

Companies that manage to adapt to this rapidly changing market will see success in their endeavours. At Ruy de Lacerda we are constantly analysing market trends and technological innovations in order to best support the plastics industry in Portugal.