NextGen, your home for sustainable
sourced plastics.
NextGen your home for sustainable plastics. NextGen is an innovative company trading plastics using the globally recognised and audited ISCC PLUS system.
We all have a responsibility.
Even Companies.
Global issues such as plastic waste and pollution surpass the capacity of any single government, company, or industry to tackle alone. In order to actualise a World Without Waste, NextGen is collaborating with experts, nonprofits, peers in our industry, and governments to foster innovation and facilitate sustainable changes throughout the packaging supply chain.
NextGen, powered by an experienced team with deep industry knowledge in plastic recycling, is a pioneering platform for recycled plastic trading.
NextGen, powered by an experienced team with deep industry knowledge in plastic recycling, is a pioneering platform for recycled plastic trading.
The collective expertise of the team has led to the integration of a unique carbon credit system that quantifies the environmental impact of each recycled plastic batch. The platform leverages their insights to authenticate recycled plastics through a stringent verification process.
Their profound understanding of stakeholders’ needs and the recycling industry landscape allows them to effectively connect sellers and buyers committed to sustainability. Through NextGen, this seasoned team is channeling their industry knowledge to incentivize eco-conscious practices, reduce plastic waste, and propel a greener future.
Addressing the Market and Regulations
in the Plastics Industry
The global recycled plastics market is projected to grow from USD 27.9 billion in 2021 to USD 43.5 billion by 2026, at a CAGR of 9.3% from 2021 to 2026
S&P Global Platts Analytics forecasts mechanically recycled plastics will displace over 1.7m mt of virgin polymer feedstocks by 2030 compared with 688,000 mt in 2020
175 countries agreed to establish enforceable global treaty under the UN Environment Assembly to tackle plastic pollution by 2024 as laws drafted to help countries push markets towards waste reduction and circular economy
Current supply of recycled plastic meets just 6% of demand globally
The company will act as an intermediary, connecting sellers of recycled plastic with brand owners and manufacturers who require plastic materials.
Recycling reduces landfill waste, conserves resources, and minimises energy usage. The platform quantifies these benefits as plastic credits that companies can purchase, showcasing their commitment to sustainability. Purchasing these credits not only supports proper plastic management but also provides financial benefits.
NextGen integrates a plastic credit system for each recycled plastic batch. This system tracks the recycling process, rewards efficient recyclers, and fosters a circular plastic economy
