Through the establishment of the first worldwide trading platform for recycled materials, the UAE has gained access to the billion-dollar plastics sector.

Rebound Plastic Exchange was launched and already has traders from around the globe signing in to buy recycled materials in a market that is expected to exceed $46 billion by 2025.

According to Maryam Al Mansoori, Rebound’s chief executive. Currently, the threat from plastic pollution to the environment is the most prominent. Therefore, if you're wondering what Rebound performs, it strives to contribute to the solution to lessen plastic pollution.

The Rebound Plastic Exchange already has subscribers from the Middle East, North America, Latin America, India, South-east Asia, and Europe.

"We are creating a market where buyers and sellers of plastics can be encouraged to collect, recycle, process, and profit from the plastics. Everyone participating in the recycling business, whether they manage recovery plants or wish to absorb plastics and have their own commitments as major brands, gains from this, she added.

With international businesses moving toward using more recyclable materials, whether it be for their products or for the packaging and labelling of them, the recycled plastic commerce market is anticipated to increase dramatically in the upcoming years.

The importance of plastic is highlighted by Ms. Al Mansoori, "We must emphasise that plastic is not the bad person in the room because it is a flexible and helpful substance." she said.

Rebound will bring together buyers and sellers from all around the world, ensuring that the plastic sold has passed quality tests whether it is in the shape of tiny pellets or massive compressed bales.

The transaction is private and helps to create a "circular economy," in which resources are continuously repurposed rather than being wasted.

Rebound makes sure that the economic worth of the plastic is preserved rather than escaping into the environment and endangering the wellbeing of animals and marine life.

Numerous products, including T-shirts, shoes, bottles, labels, and more, can be made from recycled plastic.

The managing director of Nextek and the technical specialist in charge of creating the material specification sheets for Rebound is Prof. Edward Kosior.

"Clearly, there is a growing need for plastic circularity, and with the need for high-quality recycled plastic feedstock rising, it is essential to prioritise the important trading criteria of quality, standardisation, openness, and trust.

"We are driving the transition away from an era of covert, behind-closed-doors material dealing and toward a system that is more streamlined, effective, and guaranteed in terms of quality."