100 companies produce 90% of all plastic waste
Dublin, May 27, 2021 (GLOBE NEWSWIRE) – ResearchAndMarkets.compublished a new article on the plastics industry “100 companies produce 90% of all plastic waste”
Plastic producers have promoted the idea that people can fix pollution by recycling, and a new study makes it clear why this is their tactic. Only 20 companies are responsible for more than half of the single-use plastic discarded in the world.
The Plastic Waste Manufacturers Index, released on Tuesday, showed that energy giants and chemical conglomerates are among 20 companies that have created 55% of the world’s plastic waste. Broadening the view a bit further, the report also shows that just 100 companies account for over 90% of the plastic discarded.
Research has also shown that recycled plastic makes up only 2% of disposable plastics in the world. The vast majority are made from virgin materials, which means new fossil fuels have been mined to create them.
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