Massive Plastic Production Increase Means Huge Opportunity
Challenges and Solutions
While the opportunities are vast, the increase in plastic production also brings challenges, particularly in terms of environmental impact. The issue of plastic waste is a significant concern, with only 9% of plastic waste being recycled globally3. Addressing this challenge requires innovative recycling technologies and sustainable practices. Businesses that invest in advanced recycling processes or develop biodegradable alternatives can not only mitigate environmental risks but also enhance their brand reputation and customer loyalty.