Virgin Material - Market Uncertainty

Plastic products made from virgin material are facing increased competition and a depletion of natural sources of raw material. Economists who are critical of classical and neo-classical economics state that an important element in any theory of economics is uncertainty [2], Plastics waste has become a recognised source of recycled material sales based on market uncertainty. 

The recycled plastics market wonld increase in the future if industries changed their state of ignorance regarding their collective concepts on the use of waste plastics material. Risk taking and innovation through the separation of plastics waste from other solid waste material will characterise the market trend. 

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Due to increased competition, cost reduction and economic uncertainty, industry is seeking to manufacture products from a combination of recycled and virgin material. The competitive situation in world markets has led to a move away from the use of pure virgin material hence, the time has come to use plastics waste in large quantities. The role of marketing plastics waste involves finding new strategies and infrastructures for novel market opportunities. 

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