While discussions on reducing plastics waste often focus on restricting production, a new study highlights the importance of market-driven recycling technologies and their economic implications. Fred Ashton, Director of Competition Policy, explores U.S. and global plastics production and use, detailing the industry’s scope, trade value, and its role in the global economy.
Ashton states that “dealing with plastics waste continues to frustrate domestic policymakers and international organizations.” He suggests that industry-led advancements in recycling could create commercial opportunities without resorting to top-down production restrictions that overlook economic impacts.
The research warns that changes in policies affecting plastics production could disrupt manufacturing and supply chains within the $358 billion U.S. plastics industry. This sector employs over 660,000 workers across 49 states, the District of Columbia, and Puerto Rico.
