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A few days ago, the Ellen MacArthur Foundation (Ellen MacArthur Foundation) and the United Nations Environment Programme (UNEP) released the annual progress report on global prevention of waste plastic polluti.
Launched in October 2018, the Global Commitment to the New Plastics Economy has more than 400 organisations now signed on to commit to eliminating problematic and unnecessary plastic packaging and working on packaging innovation to achieve 100% reusability of all plastic packaging Reusable, recyclable or compostable, and able to circulate safely and easi.
Optimistic progress: reduce, regenerate, and reuse simultaneously
Progress Optimism: Reduction, Regeneration, Reuse in Sync Progress Optimism: Reduction, Regeneration, Reuse in SyncThe report aims to provide transparency on how nearly 200+ businesses and governments are transforming their plastic production and use to achieve a circular economy for plasti.
“After a year of hard work, it shows good progre.
On the corporate side, examples of progress include Unilever announcing it will use 50% less virgin plastic in packaging; Mars saying it will reduce plastic use by 25% by 2025; PepsiCo ) aims to reduce virgin plastic used in its beverage business by 30% by 202
From the product point of view, some plastic products and materials that are defined as problematic are being phased out on a large sca.
About 70% of pledge signatories are phasing out single-use stra.
From a regional perspective, Rwanda, the United Kingdom, Chile, as well as Sao Paulo in Brazil and Austin in the United States have also formulated a series of policy measures to promote the circular economy, including public procurement and the Extended Producer Responsibility Program (EPRS), as well as public education and fiscal measur.
Sprint to 2025 ! Recycled plastic business opportunities are booming
Sprint to 2025 ! Recycled plastic business opportunities are booming in 2025 ! Recycled Plastics Business Opportunities Boom 2025The report shows that, on average, 55% of business participants have achieved reusable, recyclable or compostable plastic packagi.
Consumer packaged goods and retailer players have committed to more than 5-fold increase in recycled plastic in packaging by 2025, from 4% to 2
Tackling plastic waste and pollution means not only enhancing recycling, but also through innovative technologies, innovative product and supply chain redesign, and transforming business models that allow companies to reduce their overall use of plastic packaging while creating and releasing new on.
Other examples of positive progress in the circular economy include: plastics producer Indorama Ventures has committed $5 billion to meet its target of producing 750,000 tonnes of recycled PET per year by 2025; the UK government will spend around £3 billion to improve local recovery and recycling infrastructure, as well as packaging innovatio.
Reusable Packaging: The Market Opportunity Is Huge
Reusable Packaging: Huge Market Opportunity Reusable Packaging: Huge Market OpportunityAccording to the report, more than 40 participants have launched pilot projects for plastic reu.
Ellen MacArthur Foundation analysis shows that just replacing 20 percent of single-use packaging with reusable packaging could create at least $10 billion in val.
The New Plastics Economy will publish its next progress report on the Global Commitment in autumn 2020, and will publish a progress report every year until 202
