China Sustainable Plastics Summit 2023 Shanghai,China, Shanghai,China

According to McKinsey, if plastic demand develops according to current trends, by 2030, the amount of global plastic waste will increase from 260 million tons per year in 2016 to 460 million tons per year, raising an already serious environmental problem to a whole new level. At present, the world’s annual plastic output exceeds 300 million tons, which brings great convenience to social production and life. At the same time, improper disposal and low recycling rate lead to serious plastic pollution problems. Climate change and carbon neutrality goals are challenging the global plastics industry. The global initiative to eliminate single-use plastic products and changes in consumer preferences have brought unprecedented business challenges and opportunities for the green and low-carbon transformation of the plastics industry and a circular economy. Next-generation plastics will be produced using sustainable materials and state-of-the-art manufacturing techniques to meet new regulations and environmental standards.