Today nearly everyone, everywhere, every day comes into contact with plastics. Plastics have become the ubiquitous workhorse material of the modern economy. And yet, while delivering many benefits, the current plastics economy has drawbacks that are becoming more apparent by the day.
Significant economic value is lost after each use, and given the projected growth in consumption, by 2050 oceans are expected to contain more plastics than fish (by weight), and the entire plastics industry will consume 20% of total oil production and 15% of the annual carbon budget. How can we turn the challenges of our current plastics economy into a global opportunity for innovation and value capture, resulting in stronger economies and better environmental outcomes?