The Plastic Challenge
Annual production of plastic has passed 300 million tonnes per year, and will reach 1,100 million tonnes per year by 2050 in a business-as-usual scenario according to McKinsey data.
The majority of plastic waste currently goes to landfills and incineration. Only 16% of the plastic is recycled, while 19% of the plastic is lost through unmanaged dumps and leaks – often ending in the oceans.
If nothing is done, McKinsey** estimates that there will be more plastic than fish in the ocean by 2050.