Plastic can be regarded as one of the greatest inventions and an indispensable commodity of humans life ever since it has been developed into a major industry. It contributes to sustainable development and brings quality life to citizens. As example plastics makes many goods in our daily life more affordable and reduce the wastage of many valuable resources.
Plastics have eased the everyday life; its usage is increasing and annual production has increased substantially over the last 60 years, it has hiked by 3.8 % to around 280 million tons in 2011 over the world. The statistics of European market clearly reveal the annual turnover of 300 billion Euros. The main source for the production of plastics are petrochemicals which are non renewable in nature. A recent estimation done on the earths mineral resources showed an alarming rate of depletion of these valuable natural assets. This has created a renewed impetus to search for various other sustainable alternatives. The increasing cost and the awareness of consumers of the negative environmental impact of the fluid mineral fuels and related products like recalcitrance to biodegradation, toxicity after incineration and massive waste accumulation into the landfills as well as growing water and land pollution problems have led to concern about plastics.
Last date updated on July, 2014