Private Equity
Andrea Alms Video: Money In Motion 73 - Microplastics Recycling Market
September 2023 - Private Equity
TRANSCRIPT Hello, my name is Andrea Alms and I am technology investor and financial manager and this is your money in motion. What is microplastics? They are small plastic particles that come from the degradation of plastics. They've been detected in almost every species and every corner on the planet. Microplastics are in the drinking water and in numerous foods such as salt, honey and marine organisms. The biggest known source for microplastics, which enter our bodies is plastic bottled water. Beer has the second highest in the third place is air inhaled by humans, then followed by tap water. Seafood. Once absorbed, microplastics can be distributed to the liver, spleen, heart, lung, thymus, reproductive organs and kidneys. And even in the brain, microplastics recycling refers to the process of collecting and reprocessing tiny plastic particles.
The microplastics to prevent their environmental harm and promote sustainability. Depending on the industry and use case recycling. Microplastics involves environmental remediation, for example, physical separation, biodegradation and chemical mineralization, along with controlling the microplastics from the source by designing rational plastics for recycling, for example, drinking water. The removal microplastics would include multiple membrane separation technologies such as reverse osmosis activated carbon fibers, filters and ceramic filters.
According to Grandview, the global Microplastic recycling market size is valued at 267 million in 2022 and expected to grow at a compound average growth rate of 6.8% from 2023 to 2030, according to ACI. The microplastics recycling market is valued at 257.45 million in 2022 and expected to grow to 483.27 million by 2032 at 6.5% growth rate, averaging the averages with limited data, they're scarce. A $262.2 million market at a 6.7% growth rate. Thank you. This is your money, your money in motion.