Companies have also jumped on board to help with this initiative. They include Unilever and Procter and Gamble. Both companies committed to increasing plastics recycling and cutting back on their overall use of plastic products and materials.
Unilever said it would ensure that all of its plastic packaging “is fully reusable, recyclable or compostable by 2025”. At the Forum, it was noted that 20% of the world’s plastic production could be profitably re-used and a further 50% has the potential to be recycled instead of it piling up in landfills and having a killing effect on ocean wildlife. However, the WEF noted that “without fundamental redesign and innovation, the remaining 30% of plastic packaging will never be recycled and the equivalent of 10 billion garbage bags per year will be destined to landfill or incineration”. Other companies on board to improve plastics recycling include beverage company Coca-Cola, dairy company Danone and chemicals manufacturer Dow Chemical. Cleaner ways to make and consume plastic were recently addressed at the World Economic Forum in Davos. Plastics recyclers have also called on the plastics manufacturing industry to begin producing more eco-friendly plastic materials which have higher recycling properties. Plastic waste can often ends up in landfills, however a more pressing issue is the alarming amount of plastic accumulating in oceans across the world. It was recently estimated that by 2050, the world’s oceans would contain more plastic than fish if serious interventions are not implemented very soon. At the World Economic Forum, several commitments were made to tackle plastics recycling by countries around the world.