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How much money does the world spend on plastic?

Posted on January 10, 2023 by Author

How much money does the world spend on plastic?

Building on existing models and data, Dalberg calculates that the lifetime cost of plastic produced globally in just one year (2019) is around AU$5 trillion.

How much money is spent on plastic pollution?

The cost on local government to manage litter in NSW is a staggering $132 million per annum. The total natural capital cost of plastic used in the consumer goods industry is estimated to be more than AUD$99 billion per year.

How much money does plastic cost?

According to The Guardian, plastic waste is said to cost up to $33,000 per ton in reduced environmental value. In addition, an estimated 8 million tons of plastic pollution ends up in the oceans ever year.

How much plastic is in the World 2020?

Globally to date, there is about 8.3 billion tons of plastic in the world – some 6.3 billion tons of that is trash. Imagine 55 million jumbo jets and that’s how much plastic exists here.

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How much plastic is in the ocean each year?

Over 300 million tons of plastic are produced every year for use in a wide variety of applications. At least 14 million tons of plastic end up in the ocean every year, and plastic makes up 80\% of all marine debris found from surface waters to deep-sea sediments.

What Year Will plastic outweigh fish?

2050
By 2050, there will be more plastic in our oceans than fish. Each year we produce nearly 300 million tons of plastic and by 2050 there will be more of it than fish in our oceans by weight.

How much plastic is recycled each year?

While overall the amount of recycled plastics is relatively small—three million tons for a 8.7 percent recycling rate in 2018—the recycling of some specific types of plastic containers is more significant.

How much single use plastic is produced each year?

On average, we each use 53 kilograms of plastic a year and generate a collective total of more than 300 million tonnes of plastic waste. By 2030, this is predicted to double, with the brunt of the impacts expected to hit our oceans.

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How much plastic is in tap water?

A recent study by OrbMedia analyzed 159 water samples, sourced from both tap water and bottled water in 14 countries, and found that over 80\% of all samples contained tiny plastic particles, with an average of 4.34 plastic particles per liter of water.

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