Market Challenges And Opportunities
High competition for new or virgin plastics is expected to hinder growth of the market over the forthcoming years. However, new innovations in recycling technologies results in cost-efficiency, offers new opportunities for recycled plastics players for expansion. Reliable detectors and recognition software are few of the latest technologies that help recycled plastics manufacturers to enhance accuracy and productivity in sorting plastics automatically. For instance, FT-MIR and FT-NIR spectrometer systems offered by Bruker Limited, helps recycling plastics manufacturers to achieve desired objectives by classify and identify recyclable materials more efficiently.