What is a Circular Economy?

The European Commission’s recently adopted circular economy includes the development of a strategy on plastics. With a target to increase plastic packaging recycling to 55%, by 2030 there is a binding target to reduce landfill to 10% of all waste and to have a total ban on landfilling of all separately collected waste.

But the question remains: What is a circular economy and how will this benefit the environment?

The circular economy is an industrial system that is restorative and regenerative by design. It represents a more sustainable model for the traditional economy. In such an economy, we keep resources in use for as long as possible by recovering and regenerating products and materials at the end of their service life.

The unique characteristics of plastics enable them to play a major role in creating a more sustainable and resource efficient future. Lightweight, versatile and durable, plastics can help save key resources such as energy and water in strategic sectors that include packaging, building and construction, automotive and renewable energy. But they need to be recycled properly and returned to the Earth for them to be restorative and sustainable.

With this in mind, the circular economy can, therefore, bring about the lasting benefits of a more innovative, resilient and productive economy. To find out what Amari Plastics is doing to aid the development of a circular economy and a more sustainable future, click here.

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