THE IMPORTANCE OF PLASTIC RECYCLING IN THE BIOECONOMY

Abstract

Due to increased environmental concerns and demands for resource efficiency, recycling plastic is becoming increasingly important in the bioeconomy. This study assesses the efficacy of various recycling systems while analysing the effects of plastic recycling on sustainability and financial gains. The study uses case studies, statistical analysis, and comparative evaluation to identify patterns in managing plastic trash and how it fits into the circular economy. The findings show that mechanical recycling is still the most successful technique, despite plastic contamination and quality problems limiting its use. Recycling chemicals and biological materials has promise, but it will take more funding and technological development. Furthermore, research shows that recycled plastic dramatically cuts production costs and CO₂ emissions in various industries, including packaging, construction, and the automobile industry. However, different nations recycle different amounts of plastic, which emphasises the necessity of public awareness campaigns and regulatory changes. The study concludes that by promoting both economic efficiency and environmental sustainability, plastic recycling is essential to the bioeconomy. Future research focused at improving recycling technology and encouraging sustainable resource management can build on the insights gained from this study.