Business

The plastics industry is poised for transformative changes in 2024, marked by dynamic trends that underscore a commitment to sustainability, innovation, and digital transformation.

Many sites simply get the energy bill from the supplier and pay this some days later by direct transfer from their bank. The bill is not examined for accuracy or for potential areas to reduce costs and sometimes the production people don’t even see a copy of the bill – even though they are responsible for using most of the energy.

PET is widely used in beverage bottles and packaging, and grapples with persistent challenges in achieving high recycling rates in the United States. Despite its inherent recyclability, PET recycling rates remain relatively low, underscoring a complex interplay of factors.

PUMA launches RE: FIBRE program which aims to include materials from a fiber-to-fiber recycling process instead of using recycled PET from other applications. The RE: FIBRE process utilizes textile waste as its main material source.

Experts recognize reusability models in packaging as a solution to minimize waste. McKinsey & Company’s use-case scenarios indicate that there are still challenges to resolve before realizing and scaling up the benefits.

Most companies would like to improve their sustainability but they do not know where to start and do not have a method of assessing their current status. Without knowing where you are starting from it is impossible to plot a route to where you want to get to. 

Stratasys partners with the National Occupational Competency Testing Institute (NOCTI) to introduce a High-Standard FDM Process Certification. The global 3D printing market in terms of revenue was estimated at USD 15 billion in 2023 and is expected to reach USD 34.5 billion by 2028 with a CAGR of 18.1%. This makes it an appealing market for young professionals, although certifications may be necessary.

Stratasys and Siemens Healthineers partnered to develop a technology that translates information from scanned patient images (CT) into 3D-printed phantom models with specific material characteristics that emulate the radiopacity of human anatomy.

The additive aids biodegradability by changing the polymer structure, converting it into a wax-like material after being exposed to light, water, moisture, and microbes.

AI will help to drive the pace of development in robotics and automation predicts Anders Billesø Beck, VP of innovation and strategy for Universal Robots.

Carrying out a full site survey is a specialist task but a mini-survey or walk-around will quickly and easily identify many actions to reduce energy use. Naturally, the focus will be on using that essential tool called the ’OFF switch’ but this can have remarkable rewards very quickly. 

Hitachi High-Tech developed an AI tool that enabled them to reduce their research on biodegradable additives from 120 days to two days. Researchers have used AI in the development of new materials and additives for the production of plastics. Some companies are looking for alternatives to suit their customers’ needs.