However, a study undertaken by the World Economic Forum, the Ellen MacArthur Foundation and McKinsey and Company showed the scale of the breakdown in the global plastic system. A full 32% of the 78 million tons of plastic packaging produced annually is left to flow into our oceans; the equivalent of pouring one garbage truck of plastic into the ocean every minute.
If we carry on as usual, this is expected to increase to two per minute by 2030 and four per minute by 2050. By 2050, this could mean there will be more plastic than fish in the world’s oceans. At the moment, only 14% of global plastic packaging is collected for recycling and only 2% is reused as packaging. In total, $80-$120 billion of value is lost annually. The system needs to change and there are a number of people working to make this happen.
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