hubba - bringing the circular economy to life’s Post

5 Stats on Plastic Recycling and ‘Circularity’ Investments: 1. $32 billion was the recent yearly average investment in plastics circularity From 2018 to 2023, global investments in plastics circularity totaled $190 billion, averaging $32 billion annually, with over half in North America. Despite these investments, this is far below the $1 trillion needed yearly by 2040 to reduce global plastic mismanagement. Most funding came from banks, followed by corporations, private equity, and others. Only 6% of investments reached "emerging" economies hardest hit by plastic pollution. 2. 82% of global plastics circularity investments are going to recovery and recycling Investments were still heavily skewing toward plastics recovery and recycling between 2018 and 2023, according to the Plastics Circularity Investment Tracker. Just 4% were tracked to refill and reuse, one example being PepsiCo’s more than $3 billion acquisition of SodaStream International in 2018. 3. The global economy is 7.2% ‘circular’ That’s down from 9.1% in 2018, “meaning more than 90% of materials extracted are either wasted, lost, or remain unavailable,”. BofA Global Research projects that “plastic consumption, waste, emissions and leakage” could rise by 50% to 70% by 2040 as global use of the material grows. 4. The US residential recycling rate for PET bottles is now 28% The statistic was featured in an August report from the PET Recycling Coalition, a brands-backed initiative of The Recycling Partnership. Since 2022, the coalition has worked to increase the capture of PET bottles; widen acceptance of trays, cups and clamshells in community recycling collection programs; unlock new supplies of recycled material for packaging manufacturers; and strengthen recycling systems of pigmented and opaque material. 5. Plastics Pacts globally have increased recycled content by 44% That’s according to a six-years-in impact report on the Plastics Pact Network from WRAP (the U.K.’s Waste and Resources Action Programme) and the Ellen MacArthur Foundation. According to the report, the first such pact launched in the U.K. in 2018, and pacts now cover 19 countries, where members collectively account for one-third of the plastic packaging placed on the market in those nations. #PlasticRecycling #CircularEconomy #Sustainability #ZeroWaste #hubbaLtd

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