Southeast Asia or become the main force of waste plastics import

The report said: "Some people believe that this is an opportunity to absorb and develop the domestic rPET market, while others are pessimistic about the increasing number of mixed plastics."

According to Wood Mackenzie, the impact of this ban may make Southeast Asia a major force in importing waste plastics. The region has traditionally been China's largest source of imported waste plastics and is currently developing its recycling capacity and secondary market.

The report also added: “With financial investment from China, current progress is taking place throughout the industry chain and momentum is growing.” The Wood Mackenzie report also predicts that after the Chinese government bans the import of waste including plastics, this Will have a “significant impact” on the global recycling chain. However, in the United States, the proportion of recycled materials exported to China has declined as the region has digested more recycled materials.

The report adds: “Many people believe that this is a good opportunity to sell recycled materials in the domestic market, improve the sustainability of the region, and move to a more cyclical economy.” said Helen McGeough, senior consultant at PCI Wood Mackenzie. For countries that export waste plastics, the ban is equivalent to a "warning." She concluded: “Asian countries may be willing to accept waste plastics, but their quality must meet acceptable levels to ensure the sustainable development of industry and the environment.”