Whatever thing people use daily or occasionally went to earth. Some wastes are biodegradable and some wastes are none biodegradable. And these non-biodegradable give threat to life and of course the future of the earth too.
Plastic is the most common waste. As plastic demand follows the wastes would grow from 260 million tons per year in 2016 to 460 million tons per year by 2023.
If people are going through a purposeful business model plastic çould be an important driver of profitability. And there is a need for the right move to tap this opportunity.
Reusing plastic not only reduces investment needs but can also contribute to reducing total industrial carbon emissions.
Market of Recycling Industry is governed by two different ways of generating profits. By technology perspective, pyrolysis and mechanical recycling would generate the biggest profit-pool growth where as geographical perspective depends upon collaboration of state or nation in order to generate big profit-pool growth.
To put the figure of investment in perspective, the global petrochemical and plastic industry has invested, on average, about $80 billion to $100 billion each year over the past decade.