An August 2018 study, “Rethinking Single-Use Plastics: Responding to a Sea Change in Consumer Behavior”, states that recycling and sustainability are recent market trends that are here to stay, and that the plastics industry must adapt to these developments.
The report was published by market researchers with Citi, who say there is a potential packaging “battleground” between plastic, paper, metal and glass materials.
In a recent letter from Vietnam’s Tan Cang-Cai Mep International Terminal (TCIT) that was obtained and shared by the Institute of Scrap Recycling Industries (ISRI), it was announced that the terminal was stockpiling scrap materials and, as a result, will temporarily stop accepting all containers of scrap plastic and paper from June 25 through October 15, 2018.
The move is in response to growing concerns over plastic waste – especially due to single-use items like plastic straws. In the U.S. alone, it is estimated that more than 500 million plastic straws are used every day, or an average of 1.6 straws per person per day.