Global: MBA Polymers UK signs a distribution agreement with Albis Group. MBA Polymers, with UK operations in Worksop, Nottinghamshire, is a leading producer of virgin-equivalent polymers suitable for use in a range of applications. The company takes end-of-life durable goods through process and purification stages in advance of those recycled products being returned to the manufacturing supply chain. Across three global recycling sites in the UK, Austria, and China, MBA has a total annual processing capacity of 100,000 tonnes. The Albis Group has played a fundamental part in MBA Polymers’ UK expansion within the European market over the past eight years. The signing of this new distribution contract will enable MBA UK to continue to build on our relationship, and also target key market sectors specifically within the automotive and electronics Industries. Albis will be well-placed to promote the MBA Polymers brand across Europe in key target markets. With the focus on recycled materials and a strong foothold in core industries ambition is to provide sustainable solutions to customers.
According to BlueWeave Consulting, The growth of the market is likely to be dictated by government regulations favoring the recycling of plastic waste. Rising awareness about the pollution caused by plastics and the energy-saving benefits in the manufacturing of recycled plastics over virgin plastics are the major factors driving the growth of the global market for plastic recycling over the forecast period. Moreover, the negative environmental impact of plastics disposal drives the global recycled plastics market. The production of plastics has increased manifold over the past few decades which have led to the generation of a huge amount of waste resulting in environmental concerns.
In addition, the necessity for a standard recycling technology for plastic in order to manage waste efficiently is also anticipated to catalyze the expansion of the market over the next couple of years. Also, continuous research activities are being undertaken globally, with the aim to find an effective method of the recycling process. Moreover, the ban imposed on landfills has also been introduced in several developed countries is anticipated to drive the market over the forecast period. On top of these factors, alternative waste management options for recycling landfill or incineration are relatively cheap in many countries. The anxieties rising out owing to the difficulty in the disposal of virgin plastics, increasing consciousness of energy savings, and the growing use of these plastics in many applications are projected to positively influence the development of the recycled plastics market.
According to BlueWeave Consulting‘s recent report, Titled-“Global Plastic Recycling Market by Source (Bottles, Films, Fibers, Foams, Others), By Material (Polyethylene Terephthalate(PET), Polypropylene(PP), High Density Polyethylene(HDPE), Low Density Polyethylene(LDPE), Polystyrene(PS), Polyvinyl Chloride(PVC), Others), End-Use Industry (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Market Trend Analysis, Competitive Analysis, Size and Forecast, 2015-2025”- Global Plastic Recycling Market is witnessing significant growth over the forthcoming years owing to the concerns rising out due to the difficulty in decomposing the virgin plastics, growing awareness of energy savings, and the increasing use of these plastics in many applications are expected to positively influence the growth of the recycled plastics market. Recycled plastics can be used in a wide range of goods and hence the applications of recycled plastics are escalating owing to the advancements in superior recycling technologies. The production of plastics has increased manifold over the past few decades which have led to the generation of a huge amount of waste resulting in environmental concerns. Furthermore, recycled plastics are gaining significance as the solution to limit the growing concerns of the effects of plastics pollution, as recycling results in the decrease in the use of energy and material and improve eco-efficiency. These factors play a significant role in driving the usage of recycled plastics over the coming years.