Artificial Intelligence
Global Post-Consumer Recycled Plastic market is projected to grow at a CAGR of % by 2033: Visiongain Reports Ltd
Visiongain has published a new report entitled Post-Consumer Recycled Plastic 2023-2033. It includes profiles of Post-Consumer Recycled Plastic and Forecasts Visiongain has published a new report: Global Post-Consumer Recycled Plastic Market, (COVID-19 Impact Analysis):- Market Segment by Category, (Bottles & Films Plastics, Non-Bottle Rigid Plastics) Market Segment by Processing, (Mechanical Processing, Chemical Processing, Biological Processing) Market Segment by Service, (Collection & Transportation Service, Recycling Service, Incineration Service, Landfill Service) Market Segment by Application, (Packaging, Building & Construction, Automotive, Electronics, Other Application) Market Segment by Type, (Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), PolyVinyl Chloride (PVC), Polyethylene Terephthalate (PET), Other Polymer Type) plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Country.
The global post-consumer recycled plastic market was valued at US$16,239 million in 2022 and is projected to grow at a CAGR of 9.4% during the forecast period 2023-2033.
Carbon Footprint Reduction is Driving the Market Growth
By requiring fewer emissions than virgin plastics, choosing more sustainable packaging materials reduces waste and lowers the carbon footprint. It is the superior packaging material for future industries as it strives for a more circular economy. Greenhouse gases are a major contributor to rising pollution levels in our environments. Because the entire process of producing plastics requires the use of oil, a large amount of greenhouse gases is produced. Recycling plastic rather than manufacturing it from scratch reduces the emission of harmful greenhouse gases. This saves energy and protects natural resources: the production process of virgin polymers requires natural resources such as water, oil, natural gas, and coal as raw materials.
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https://www.visiongain.com/report/post-consumer-recycled-plastic-market-2022/#download_sampe_div
How has COVID-19 had a significant negative impact on the Post-Consumer Recycled Plastic Market?
While the world grapples with the far-reaching consequences of the COVID-19 pandemic, ongoing environmental crises have been largely ignored. The scarcity mindset induced by the pandemic is one reason for this shift in priorities. Scarcity is the sensation of having less than what is required, and it causes people to prioritise short-term needs over long-term ones. Scarcity during the pandemic can reduce people’s willingness to engage in pro-environmental behaviour, resulting in environmental degradation and an increase in the likelihood of future pandemics. To protect pro-environmental behaviour, it argues that it should not be viewed as value-laden and labour-intensive, but rather as actions that address a wide range of human needs, including pragmatic actions that conserve resources, particularly during times of scarcity.
How will this Report Benefit you?
Visiongain’s 383-page report provides 167 tables and 214 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global post-consumer recycled plastic market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Post-Consumer Recycled Plastic. Get financial analysis of the overall market and different segments including type, category, application, processing, services, and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing post-consumer recycled plastic market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the Current Market Drivers?
Recycling and Sustainability Are Being Aided by Artificial Intelligence and Robots in the Business World
Robots and artificial intelligence (AI) are assisting the business world in dealing with recycling and sustainability. This is due to the coronavirus pandemic, not more research into this technology. There is currently no perfect reverse logistics robot to solve the used plastic bottle problem. However, robots and AI systems are being developed to improve assembly line separation of useful or recyclable plastics from those that cannot be recycled. Human workers are also being replaced by robots in the lifting, sorting, and transportation of packages. In some of these supply chain operations, robots outperform humans. When the pandemic is over, robots and AI systems will be there to help.
Plastics with Recycled Content Are Being Mandated by Governments
Recycled content regulations have emerged as an economic tool to help drive demand for post-consumer resin (PCR), advance markets for recycled plastics, and drive a circular economy. Furthermore, the implementation of PCR minimum requirements can increase the value of recycled materials, which can help improve recycling economics and drive investment and innovation.
Materials collected and recycled (often through curb side programmes) so that it can be used as post-consumer resin in new applications, such as plastics (e.g., packaging, products, etc.). They are not recycled and are commonly made from petrochemical feedstock (e.g., natural gas, crude oil, etc.). With this significant regulatory shift, retailers must start preparing their supply chains for these requirements as recycled content regulations are developed and implemented across North America. Recycled content minimum requirements are increasing from California to Europe in an effort to increase the supply of quality PCR and drive a circular economy through increased plastic waste collection, processing, and recycling.
Download Exclusive Sample of Report
https://www.visiongain.com/report/post-consumer-recycled-plastic-market 2022/#download_sampe_div
Where are the Market Opportunities?
Reusing Plastic Waste could become a Significant Source of Profit for Chemical Companies
In response to public outrage over global plastic pollution, the chemical industry is beginning to mobilise on the issue. How industry leaders are moving beyond the use-once-and-throw-away mentality that has defined the plastics industry’s history and embracing a broader definition of product stewardship that includes dealing with plastics waste. It is not only what society expects and is becoming a requirement for the industry to keep its operating licence, but it could also represent a significant and profitable new business opportunity.
Chemical recycling or pyrolysis plants will need to be built locally and integrate their products with refineries or chemical plants. According to the American Chemistry Council, hundreds of new facilities will need to be built in North America to recycle just 25% of the post-consumer recoverable plastics that are currently being disposed of in landfills.
Plastics Are Repurposed Rather than Recycled
Plastic recycling, unlike glass or aluminium recycling, does not “close the loop” because most postconsumer plastics cannot be reused. Instead, if a plastic was previously used to contain milk, it would be recycled into lower-grade products such as jacket fill, fleece, carpet, and plastic lumber. The same piece of plastic can only be recycled about 2-3 times before it degrades to the point where it is no longer usable. Even if it were to be used for the same purpose, it would be combined with virgin resin to improve its quality. Recycling plastic, in essence, only extends its lifespan and delays its eventual disposal. All plastic eventually ends up in a landfill or incinerator.
Competitive Landscape
The major players operating in the post-consumer recycled plastic market are Amcor PLC, Berry Global Group, Inc., Biffa PLC, Clean Harbors, Inc., Coveris Group, DS Smith plc, Eco-Products Inc., Genpak LLC, Huhtamaki Oyj, Mondi PLC, Placon Corporation, Republic Services, Inc., Sealed Air Corporation, Smurfit Kappa Group Plc, Sonoco Products Co., Stericycle Inc., Suez Environnement, Veolia Environment SA, Waste Connections, Inc., Waste Management, Inc., . These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
Recent Developments
- 08 Aug 2022, Veolia executes a unilateral put agreement in which Macquarie Asset Management irrevocably agrees to acquire 100% of the share capital of Suez Recycling and Recovery UK Group, which regroups Suez waste operations in the United Kingdom. The proceeds from the sale will be around €2.4 billion.
- 09 June 2022, SUEZ and its partners Royal Bafokeng Holdings (“RBH”) and African Infrastructure Investment Managers (“AIIM”) have agreed to buy EnviroServ Holdings Proprietary Limited (“EnviroServ”). This acquisition will allow SUEZ to strengthen its position as an international player in industrial and municipal waste treatment activities, as well as in the African continent.
To find more Visiongain research reports on the Renewable sector, click on the following links:
Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected]
About Visiongain
Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.
Contact:
Oliver Davison
PR at Visiongain Reports Ltd
UK Tel: +44 207 336 6100.
Email: [email protected]
Web: www.visiongain.com
Artificial Intelligence
GITEX GLOBAL and Expand North Star set to accelerate world’s AI economy with market projected to reach $2.7 trillion by 2032
• Event billed as a catalyst for redefining the world’s digital economy and AI ecosystem under this year’s ‘Global Collaboration to Forge a Future AI Economy’ theme
DUBAI, UAE, Oct. 12, 2024 /PRNewswire/ — GITEX GLOBAL, the world’s largest tech and startup event, takes centre stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem.
Held at Dubai World Trade Centre (DWTC) from 14-18 October, the incomparable international showpiece will be more influential than ever this time around – presenting an expanded events programme that transforms the UAE into an AI universe epicentre.
Under the theme “Global Collaboration to Forge a Future AI Economy”, GITEX GLOBAL 2024 welcomes the world’s largest technology enterprises alongside governments, investors, experts, startups, academia, and researchers.
Expand North Star, the world’s largest startup and investment show, runs concurrently at Dubai Harbour from 13-16 October – hosted by Dubai Chamber of Digital Economy and organised by DWTC.
With over 6,500 exhibiting companies, 1,800 startups, and 1,200 investors from more than 180 countries participating across 38 halls of innovation and business opportunities, these blockbuster events will see the UAE “strategically propel the next generation of AI-driven technologies”.
Trixie LohMirmand, Executive Vice President of DWTC, the organiser of GITEX GLOBAL and Expand North Star, said: “At GITEX GLOBAL in Dubai, we shall close the year with significant manoeuvres from our tech community by doubling down on global collaborations and intensive engagements amongst all involved. Through these efforts, we shall forge competitive advantages in the race towards regional and international digital supremacy.
“With international participation in GITEX GLOBAL 2024 rocketing by almost 40 per cent, it’s a barometer of the unstoppable ambitions of many young rising digital nations who are now confidently forging their ways into the future global AI economy through GITEX. As the world’s most global tech event brand with events in Germany, Singapore, Morocco, and Nigeria alongside Expand North Star, we are committed to strategically propelling the next generation of AI-driven technologies via startups, scale-ups and unicorns.”
A global agenda for tomorrow’s AI economy
According to Fortune Business Insights, the global AI market is projected to reach $621 billion in 2024 and soar to $2.7 trillion by 2032. Given its influence and impact now and in the future, the technology takes centre stage at GITEX GLOBAL 2024 with over 3,500 enterprises presenting the latest breakthrough innovations in AI, IoT, data, and the cloud.
Amongst them is TECOM Group PJSC, which celebrates its 25th successive year at GITEX GLOBAL next week. Ahead of the event, Ammar Al Malik, Executive Vice President of Commercial at TECOM Group PJSC and Managing Director of Dubai Internet City, said: “Dubai’s pro-innovation frameworks are the bedrock of tech advancements that serve a greater purpose. GITEX GLOBAL is a springboard to unlock this potential, and as the region’s leading tech hub, Dubai Internet City has been a proud partner for decades in its mission towards a brighter future. Our community is pleased to connect innovators from more than 3,500 companies across fields like artificial intelligence (AI), Web3, digital transformation, and beyond to realise this vision.”
Abu Dhabi’s most influential companies and organisations, including the Advanced Technology Research Council (ATRC) and G42 Group with its leading enterprises Presight and Khazna, will reinforce the Emirate’s position as an emerging global AI nexus. Other tech giants participating are Adobe, Alibaba Cloud, AWS, Builder Ai, Dell, Google, Honeywell, Huawei, IBM, Lenovo, Microsoft, Nvidia, Oracle, Salesforce, SAS, solutions by STC, and Tech Destination Pakistan.
Presenting the year’s largest AI event, GITEX GLOBAL will deliver 120-plus hours of AI and deep tech-focused content across various topics, facilitating discussions on the implications of AI in Future Health, Digital Finance, and EdTech. Following the wildfire pace of AI adoption and the unprecedented growth in data storage demand, the event is also launching the region’s largest Data Centre Symposium in 2024, featuring the industry leaders Datalec, Kerno, Khazna, Legrand, NTT Data, Schneider Electric, Vertiv, among many others.
The programme will build anticipation ahead of the all-new AI Everything Global 2025. This event – taking place in Abu Dhabi (4 February) and Dubai (5-6 February) will gather some of the world’s most visionary AI tech companies to construct an innovative, fair, and responsible AI industry of the future.
Fast-tracking the next generation of startups
The world’s largest startup and investment event, Expand North Star will foster the next frontier of tech and innovation. In another record-breaking edition, the event will connect the most innovative global founders with new markets, enterprise customers, and an influential pool of investors and venture capitalists with over $1.2 trillion in Assets Under Management (AUM). These include SOSV, Bessemer Ventures, Lightrock, Sinovation Ventures, and the European Innovation Fund.
Additionally, Expand North Star will seek to redefine the future of money, blockchain, and creativity through leading co-located events GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. Accelerating the next generation of scaleups, the world’s largest start-up pitch competition, Supernova Challenge 2.0, also graces GITEX GLOBAL with the winners claiming a share of the $200,000 prize pool.
Historic international involvement
GITEX GLOBAL 2024 will welcome the highest international attendance in its history, welcoming over 400 government and digital development agencies from around the world. Alongside GITEX GLOBAL regulars, the new nations debuting this year will showcase their latest groundbreaking tech innovations.
Next week marks the largest European participation at GITEX GLOBAL with over 35 European countries exhibiting alongside 1,000-plus SMEs and 450-plus startups from debuting countries, including Austria, Bosnia and Herzegovina, Ireland, Latvia, Lithuania, Portugal, Serbia, and Slovenia.
Many rising digital nations from Latin America are also behind the record-breaking international involvement, as are those from Central and Southeast Asia. Joining long-time GITEX GLOBAL participants such as China, Japan, South Korea, and India are several debutants – Singapore, Malaysia, Kazakhstan, and Kyrgyzstan amongst them.
While promoting international business development, entrepreneurship, and investment engagements to benefit enterprises, organisations, and SMEs alike, GITEX GLOBAL welcomes the European Innovation Council for the first time, Europe’s biggest deep-tech investor.
It will also see significant collaborations with global organisations from all continents, such as the European Innovation Council, Tech Destination Pakistan, IE University, University College London (UCL), Johns Hopkins University, the Massachusetts Institute of Technology (MIT), and key corporate ventures from leading tech enterprises such as Sony, Honda, Standard Chartered, QIC, and many more.
An action-packed agenda
Throughout its six-day duration, GITEX GLOBAL will become a microcosm of the world, launching industry-defining programmes such as GITEX Editions, an exclusive platform for late-stage advanced tech companies and a premier hub for unicorns, soonicorns and rhinos. In 2024, the event will connect 59 top global unicorns, such as Axelera, DeepL, Insilico Medicine, and Synthesis AI.
The World Future Economy Digital Leaders Summit is another must-attend show with global innovators and influential leaders set to address critical priorities shaping the future of technology. Additionally, GITEX Cyber Valley is this year’s most anticipated cybersecurity showcase – hosted by the UAE Cyber Security Council. With specialists forecasting that damage costs could reach $10.5 trillion annually by 2025, the show will present a power-packed conference agenda as the world’s most influential CISOs, CIOs, and GRC leaders to discuss the risks of global cybercrime.
Leo Chen, Corporate Senior Vice President & President of Enterprise Sales at Huawei, which will be present with a flagship stand at the event, commented on the possibilities unlocked at the event for the industry: “GITEX GLOBAL offers a unique platform for us to engage in meaningful dialogues with industry peers about the trends and perspectives on industrial intelligence. We look forward to sharing our insights and learning from others to explore the endless possibilities of industrial digital and intelligent transformation.”
For more information on GITEX GLOBAL 2024 and to secure your passes, please visit www.gitex.com.
Follow GITEX Global on social media: Facebook |Instagram |X |LinkedIn |Youtube
Hashtag: #GITEXGLOBAL
About GITEX GLOBAL
GITEX GLOBAL, the world’s largest tech event, is returning for its 44th edition at Dubai World Trade Centre from 14-18 October 2024. The 2024 edition will feature 6,500 exhibitors, and welcome 200,000 tech executives from 180 countries, converging the best minds, future-focused government leaders, and the most visionary enterprises and start-ups to scrutinise, challenge, define, and empower the digital agendas of the world. Independently rated globally as the world’s best tech show, GITEX GLOBAL’s continued expansion is amplified by the launch of GITEX EUROPE Berlin, GITEX ASIA Singapore, and GITEX NIGERIA in 2025, as well as the growth of GITEX AFRICA Morocco leading up to its third record-breaking edition. More information: www.gitex.com
About Dubai World Trade Centre
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
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BERLIN, Oct. 12, 2024 /PRNewswire/ — The 14th InnoTrans took place in Berlin, Germany from September 24 to 27. The theme of the event is “The future of mobility”. At this trade fair, with a focus on digital and intelligent transformation trends in rail transportation, Huawei showcased innovative applications of FRMCS(Future Railway Mobile Communication System), AI, cloud computing, IoT, and other cutting-edge technologies in the rail industry.
Railway, as a complex and huge system that always puts safety first, needs a unified digital and intelligent foundation alongside an industry ecosystem that consists of partners specializing in diverse domains to go digital and intelligent.
Jacky Wang, Vice President of Smart Transportation BU, Huawei, said that the global rail transportation industry is striding toward an era of broadband, cloud, and intelligence. “Aligning with this trend, Huawei has launched a One Cloud, One Network, Multi-Hub Solution to help the railway industry address challenges in network bandwidth, information system integration, and digital and intelligent transformation.”
Leveraging large models, AI, big data, and intelligent algorithms, this solution promotes intelligent upgrades across a wide range of professional domains, including train operation, locomotive, rolling stock. The goal is to help customers build safe, efficient, and green integrated transportation hubs, improving overall railway transportation quality and efficiency.
Jacky Wang emphasized that the reliable FRMCS features high bandwidth, wide coverage, and low latency, and is crucial for implementing broadband across rail transportation. He went on to explain that migrating services to the cloud is becoming increasingly popular as it allows for centralized use of IT resources and unified O&M, which can reduce investment costs.
“Big data and AI technologies tailored to specific scenarios will enhance the value of data, bolster service security, and increase efficiency in production management,” said Jacky Wang.
Currently, the solution has been deployed in various service scenarios like intelligent freight train inspection, intelligent scheduling in EMU depots, and smart railway perimeter detection, resulting in substantial benefits. Huawei’s scenario-specific solutions and partners are going global, too. They are continuously addressing the challenges faced by railway customers and generating value for the industry.
Up to now, Huawei has served more than 300 urban rail lines across 70 cities and more than 180,000 km of railways worldwide.
View original content:https://www.prnewswire.co.uk/news-releases/huawei-showcases-intelligent-technologies-at-innotrans-2024-302274504.html
STOCKHOLM, Oct. 11, 2024 /PRNewswire/ — The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 Annual General Meeting:
– Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
– Mikael Ekdahl, Melker Schörling AB
– Marianne Nilsson, Swedbank Robur Fonder
– Yvonne Sörberg, Handelsbanken Fonder
– Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2025 regarding the election of Chairman of the General Meeting, members of the Board of Directors, Chairman of the Board, Vice Chairman of the Board, auditor, fees for the members of the Board including division between the Chairman, the Vice Chairman and the other Board members as well as fees for committee work, fees to the company’s auditor and, if necessary, changes to the instructions for the Nomination Committee.
The Annual General Meeting will be held on 23 April 2025, in Stockholm, Sweden.
Shareholders who wish to submit proposals to the Nomination Committee should send an email to [email protected].
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/nomination-committee-for-the-assa-abloy-2025-annual-general-meeting,c4050379
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Press release (PDF)
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