Although recycling may seem like a relatively simple concept, the plastics recycling supply chain proves otherwise. From understanding which plastics get recycled to determining the quality of those plastics, these issues and more are resulting in lower recycling participation rates.
Statistics show that by 2024, the global recycling market is expected to reach $377 billion. However, plastic waste management has become an issue severely impacting today’s environment. For example, the United Nations estimates that about 300 million tons of plastic waste is produced globally each year. Unfortunately, only 9% of that is recycled. U.N. findings further show that about 12% of waste is burnt into ashes, while the remaining 79% accumulates in landfills, dumps or the natural environment.
Continue Reading on Coin Telegraph
