Paper Title
The Plastic Trade Web: An In-depth Look at Global Production, Consumption, and Export-Import Trends
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Registration ID: IJNRD_302837
Published ID: IJNRD2412213
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Keywords
Plastic trade, Plastic waste, Global economy.
Abstract
The global plastic industry has witnessed tremendous growth, revolutionized by the invention of Bakelite and propelled by industrialization, urbanization, and increasing consumer demand. Plastics are now indispensable across various sectors, such as packaging, automotive, construction, and electronics, significantly contributing to the global economy. However, rising environmental concerns, particularly plastic waste and pollution, have prompted a shift towards sustainable alternatives, including recycled and bio-based plastics. The global trade of plastic products and waste plays a crucial role in meeting industrial and consumer needs while also presenting challenges related to waste management and environmental degradation. China’s 2018 plastic import ban reshaped global recycling dynamics, shifting the responsibility of processing plastic waste to Southeast Asian countries, which are now grappling with the environmental and logistical pressures of handling the influx of waste. Furthermore, key global players in plastic trade, including China, the U.S., and the EU, continue to shape market flows through production, export, and import practices. The global trade imbalance, where exporters like China dominate while many developed nations face trade deficits, emphasizes the interconnectedness of international plastic markets. Regulatory shifts, technological innovations in recycling, and growing environmental awareness are vital for addressing the environmental impact of plastic. Moving forward, stronger domestic recycling infrastructures, stricter regulations, and greater collaboration between governments, industries, and consumers will be essential in fostering a sustainable plastic economy. This paper explores these complex dynamics and offers insights into policy solutions for mitigating plastic pollution, improving recycling systems, and promoting the use of alternative materials.
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How To Cite (APA)
S. Ramaswamy, V. Kaveri, V. Sutha, Dilsha Selvakumar, & N. Geethalakshmi , Sruthi Mohan (December-2024). The Plastic Trade Web: An In-depth Look at Global Production, Consumption, and Export-Import Trends. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(12), c84-c93. https://ijnrd.org/papers/IJNRD2412213.pdf
Issue
Volume 9 Issue 12, December-2024
Pages : c84-c93
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Paper Reg. ID: IJNRD_302837
Published Paper Id: IJNRD2412213
Research Area: Science and Technology
Author Type: Indian Author
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2412213.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2412213
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