Launched at the World Economic Forum’s Annual Meeting in Davos in January 2017, this new research presents three strategies to increase reuse and recycling of plastic packaging to 70%, from today's recycling rate of just 14%.
Plastics have become an integral part of our global economy. Due to their functional properties and low cost, these versatile materials have seen their production increase twenty-fold over the past half-century. Despite their indisputable benefits, plastics have significant economic and environmental drawbacks. These negative impacts are sources of concern for business and government, who are recognising the need to rethink the global plastic system.
The report provides a clear action plan, endorsed by over 40 industry leaders, for the global plastics industry to design better packaging, increase recycling rates, and introduce new models for making better use of packaging.
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