Rise and Fall of Inescapable Plastics
From the desk of Muzaffar Sayyed
Plastic is a material that has penetrated human life in every way possible and it is omnipresent since its widespread adoption. From packaging to electronics, plastics are everywhere, so it is important to know the reason behind the fall of this inescapable material. Convenience was the major selling point of plastic that led it to be used everywhere and now this convenience has cost dearly to humans.
As per Skyquest analysis, the plastic market is forecasted to expand at a slow CAGR of 3.96% from 2024 to 2031 and end up with a valuation of USD 970.3 billion by the end of the study period. Urbanization and industrialization are key prospects propelling the demand for plastics but bans on the use of plastics to protect the environment are severely hurting the sales of plastic.
The Rise of Plastic: A Double-Edged Sword
From its inception in 1907 to the global usage boom in the 1970s, plastic became a global commodity and was being used in multiple industry verticals. A major contribution of plastic usage came from bottles as beverage companies shifted from glass bottles and cans to plastic to increase their profit margins and ensure the safe delivery of their products. The boom that plastic bottles gave to the plastic industry is unmatched and also a major contributor to the downfall of plastics.
The Plastic Pandemic
The cons of plastics soon started to outweigh its benefits and resulted in a global plastic pandemic that changed the way Earth functioned in the most fundamental of ways. Plastic could not be degraded easily and was left in nature to meddle with natural processes and this threatened marine life and eventually is taking a toll on human life as well. The plastic pandemic has been destroying ecosystems around the world and this is why the ban on plastics is a key factor in the war to save the planet from irreversible damage in the future. Single-use plastics are the key culprit in this and eliminating them would be vital in ending the plastic pandemic engulfing the world.
View more info and detailed Table of Contents here: https://www.skyquestt.com/report/plastic-market
The Great Pacific Garbage Patch
Evidence of how big an issue the plastic pandemic is, can be found in the North Pacific Ocean where a vast mass of floating plastic debris is situated. This has been infamously dubbed as the Great Pacific Garbage Patch, which spans over an area larger than the state of Texas in the United States. This is the perfect example of how plastic and other waste if not managed properly can pose significant risks to whole ecosystems and even potentially endanger diversity of the environment. Marine life has been significantly impacted by the plastic pandemic as pieces of plastic have been found in Mariana Trench, the deepest known place in the ocean known to man.
Bans & Alternatives: Fueling the Fall of Plastics
As people realize the ill effects of plastics and governments impose bans to reduce their usage and waste formation, the end of the plastic era could be possible. The quest for alternatives for plastic is on and chemical companies around the world are heavily investing in the development of new alternatives that are similar in cost and characteristics to plastic. High emphasis on sustainability and growing concerns regarding solving the plastic waste accumulation issues are also spelling the end of the plastic era, but the road is quite long and humanity has to cover a long way to reach the end of the plastic pandemic. Till then, the world is stuck with a plastic infestation that it can’t shake off easily nor eradicate without global cooperation in the future.
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