Why is plastic important to the economy?

Chilean Plastics Pact

The fight against this problem is gaining momentum. Countries, businesses and communities are developing strategies and taking action to reduce, reuse and recycle plastic products. The governments of Thailand, the Philippines and Malaysia have prepared circular economy roadmaps to prioritize plastic-related policies and investments in specific sectors and locations. The world’s leading brands and retailers have voluntarily committed to 100 % of their plastic packaging being reused, recycled or composted by 2025.

Policy options include holding producers and importers of plastic goods accountable for the disposal of plastic waste, and economic instruments, such as taxes, to help phase out non-essential plastic products. Policies, standards and guidelines should be harmonized through specific regional measures aligned with national programs.To create an enabling environment, it is particularly important to develop and implement recycled plastic content standards for major consumer products.    This can help decouple the prices of recycled and virgin plastic and create local market demand for recycled and creatively reused plastic products.

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Disadvantages of plastic on the environment

Rethinking and improving the functioning of such a complex value chain requires efforts and greater cooperation from all key stakeholders, from plastic producers to recyclers, retailers and consumers. It also requires innovation and a shared vision to encourage investment in the right direction. The plastics industry is very important to the European economy and increasing its sustainability can provide new opportunities for innovation, competitiveness and job creation, in line with the objectives of the EU’s renewed Industrial Policy Strategy

in which it cited plastics as a key priority, and committed to “prepare a strategy addressing the challenges posed by plastics along the whole value chain and taking into account their entire life cycle.” In 2017, the Commission confirmed that it would focus on the production and use of plastics and work towards ensuring that by 2030 all plastic packaging would be recyclable

Disadvantages of plastic wikipedia

In the world of plastics, the choice of raw materials was possibly the fundamental determinant of the final result, not to mention the different production technologies used in the transformation of these raw materials. The mere mention of using recycled plastic, or the suspicion that it had been used, already called into question the performance of the product. In contrast to this view, the European Committee for Standardization (CEN) bodies dealing with plastic products are now discussing the percentages of this recycled material which, not voluntarily but compulsorily, must be contained in certain standardized products, and consequently, at a later stage, in products wishing to display quality certification.

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Performance of end productsOne of the problems faced by recycled material when it is placed on the market is the determination of the suitability of the use to which it can be put. The performance of the end products will often determine the type and percentage of recycled material to be used.

Current use of plastic

In addition, each of the PA countries has been actively involved in promoting national strategies on plastic products and packaging, setting targets and developing regulations such as Extended Producer Responsibility (EPR), innovative recycling mechanisms such as “e-Coins” and Circular Economy programs. .

However, these initiatives may not be sufficient considering the proliferation of plastic pollution and limited household waste management infrastructure. This shared understanding within the Palestinian Authority must now lead to coordinated regional action on plastics for which greater regulatory convergence is critical.

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1. Facilitation of material flows: the wide variety of plastic material has led local governments and industry to unnecessarily dispose of materials as “scrap” domestically. These materials could be valorized in other PA countries if barriers to transfer were removed, a particularly urgent issue in light of the Basel Convention Ban.