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Our proprietary blockchain-secured platform

Data last verified: Monday, 04/22/2024

Ocean-bound plastic

Plastic Bank operates under the global standard defined by Jenna Jambeck. Ocean-bound plastic is defined as plastic that has not yet found its way into the ocean but is classified as "mismanaged waste". That is, plastic that is not being (formally) collected, is not likely to be collected, and is found within 50km of an ocean-bound waterway or coastal area.

Community Members

Individuals within a recycling community who collect plastic and exchange it at a Plastic Bank collection branch for secure income and life-improving benefits.

Equivalent Bottles Stopped

The amount of ocean-bound plastic collected and recycled in our recycling communities converted into bottles. Conversion rate is 50 bottles per kg (the average weight of a 500mL bottle is ~20g)

Recycling Communities

Community of plastic collectors living within 50 kilometres of ocean-bound waterways involved in plastic collection and its exchange at Plastic Bank collection points.

Alchemy

Alchemy is the blockchain platform that powers the Plastic Bank app. It enables fully traceable recycling processes, secures income for recycling community members and tailors impact reports for our stewards.

Plastic packaging: is it a problem?

Minutes to read: 5 minutes

Hand holding jigsaw with reduce reuse recyclePhoto by witsaruts, Envato Elements

The use of plastic packaging is a multifaceted issue ingrained in daily life, entwining convenience, economic factors, technological constraints, and environmental impact1. Addressing it necessitates a multi-dimensional approach involving technological innovation, systemic shifts, and global cooperation.

To effectively tackle this challenge, delving into its complexities, underlying causes, enabling factors, and potential solutions is crucial.

The problem

The use of plastic packaging has been integral to society for decades, serving purposes like food preservation, product packaging, and various infrastructure projects2. Its cost-effectiveness, durability, and lightweight nature have made it the material of choice across many industries3. However, its disposal poses a significant problem, as plastic takes hundreds of years to decompose, leading to widespread ecological damage. 

Clogged drainage systems in plastic-polluted cities during the rainy season exemplify this issue4. Poor waste management practices, low recycling rates, slow recycling technology advancements, and the absence of comprehensive Extended Producer Responsibility (EPR) policies exacerbate the plastic packaging crisis, necessitating effective solutions and systemic changes5.

The challenges

smiling woman sorting waste at homePhoto by seventyfourimages, Envato Elements

To better understand the impact of plastic packaging on society, outlined are four key challenges that highlight the difficulty of getting rid of plastic in the current market:

Versatility of plastic packaging

The flexible nature of plastic makes finding alternatives challenging, given its cost-effectiveness and functionality6. Major corporations in the United States, like Amazon and Walmart, prioritize plastic for affordability, overlooking its long-term environmental impact7. Despite emerging sustainable alternatives, the pervasive use of plastic in various industries remains a significant hurdle.

Longevity

Plastic’s durability makes it the preferred material for various products, with the ability to withstand harsh environmental conditions for hundreds of years8. However, this durability poses challenges at the end of its lifecycle, leading to overwhelming plastic waste in cities like Mumbai and Delhi9. Mismanagement perpetuates the existence of microplastics, posing environmental and health hazards10.

Consumer behaviour

Single-use plastic, popular in households and fast-food chains, have become ubiquitous. Despite awareness campaigns, consumer preference for convenience prevails11. For example, Australia faces high consumer demand for single-use plastic, challenging efforts by major supermarkets such as Cole and Woolworths to reduce consumption12.

Infrastructure and recycling

Technological innovation has led to numerous creations of smart appliances and improvements in business processes13. However, the surplus of electronic products and waste poses a challenge, as processing requires advanced processes and machines. Germany, known for efficient waste management, faces difficulties in processing complex plastic waste due to a gap in technological infrastructure14.

The solution

Now, is plastic packaging really a problem? Yes, but a manageable one. Through creativity and innovation, we can address this human-made challenge.

data chart with calculator
Photo by leungchopan on EnvatoElements

Innovation in materials

Technological advancement is not just meant to develop new plastic applications. It can also be utilized to create and search for eco-friendly alternatives. One material that can be considered is Social Plastic® feedstock, which is recycled plastic feedstock that is reprocessed and reintegrated into products and packaging. 

Consumer education and awareness

Consumer habits can be influenced. With a series of educational awareness campaigns and positive reinforcements through signage and infomercials, consumers can shift their preference to greener options. 

Manufacturers should incorporate visual cues about recycling practices in their product packaging. On the other hand, local governments should strategically place waste segregation bins in populous areas along with posters and signage reminding everyone to practice proper solid waste management. 

Meanwhile, corporations have the opportunity to initiate and monitor their environmental footprint through the Plastic Bank’s Plastic Footprint Calculator. The application enables companies to oversee their plastic packaging waste with the help of experts. The tool provides them with live updates on their progress and the impact they are creating on the environment.

Empowering the circular economy

Product packaging can be designed for reuse, repurpose, or recycling.  Plastic Bank helps businesses create products made of recycled plastic through its Social Plastic® program. Alternatively, companies can offset their plastic footprint with Impact Programs, allowing companies to empower the collection, exchange, and proper recycling of mismanaged plastic waste in areas with high rates of plastic pollution and poverty.

Moving Forward

As we stand at the crossroads of environmental sustainability and convenience, it’s clear that the journey with plastic is fraught with complexities. Yet, it’s within these challenges that we find our greatest opportunity for change. The question we face now is not just ‘can we?’ but ‘how will we?’ transform our relationship with plastic.

This path to a better and wasteless world is not a solitary one; it is a collaborative endeavour that demands a united commitment. Individuals, businesses, and governments must come together, prioritizing the environment in every decision. The impact of our collective efforts is profound – each small step, every innovative solution, and each conscious choice cumulatively leads to significant, positive changes for our planet. The power to reshape our future and combat plastic pollution lies in our hands. Let’s inspire and drive change, for a world where we don’t just exist, but actively contribute to its well-being.

 


 

  1. Ferdinand Rodriguez, “Plastic,” www.britannica.com, Oct 30,2023, plastic | Britannica
  2. Ferdinand Rodriguez, “Plastic,” www.britannica.com, Oct 30,2023, plastic | Britannica
  3. McKinsey & Company, “ Climate impact of plastics,” www.mckinsey.com, Jul 06, 2022, Climate impact of plastics | McKinsey
  4. IANS, “Urban flooding caused by plastic clogging, poor drainage: Experts,” www.thenewsminute.com, Sep 10, 2017, Urban flooding caused by plastic clogging, poor drainage: Experts (thenewsminute.com)
  5. IANS, “Urban flooding caused by plastic clogging, poor drainage: Experts,” www.thenewsminute.com, Sep 10, 2017, Urban flooding caused by plastic clogging, poor drainage: Experts (thenewsminute.com)
  6. Hopewell J, Dvorak R and Kosior E, “Plastics recycling: challenges and opportunities,” www.ncbi.nlm.nih.gov, Jul 27, 2009, Plastics recycling: challenges and opportunities - PMC (nih.gov)
  7. Thomas Hundertmark, Manuel Prieto, Andrew Ryba, Theo Jan Simons, and Jeremy Wallach, “Accelerating Plastic Recovery in the United States,” www.mckinsey.com, Dec 20, 2019, Accelerating plastic recovery in the United States | McKinsey
  8. Hopewell J, Dvorak R and Kosior E, “Plastics recycling: challenges and opportunities,” www.ncbi.nlm.nih.gov, Jul 27, 2009, Plastics recycling: challenges and opportunities - PMC (nih.gov)
  9. Mayank Aggrawal, “Mumbai and Delhi generate Most Solid Waste Among Metro Cities,” www.thewire.in, Oct 15, 2019, Mumbai and Delhi Generate Most Solid Waste Among Metro Cities (thewire.in)
  10. Mayank Aggrawal, “Mumbai and Delhi generate Most Solid Waste Among Metro Cities,” www.thewire.in, Oct 15, 2019, Mumbai and Delhi Generate Most Solid Waste Among Metro Cities (thewire.in)
  11. Hilary Whiteman, “The world is creating more single-use plastic waste than ever, report finds,” www.edition.cnn.com, Feb 5, 2023, The world is creating more single-use plastic waste than ever, report finds | CNN Business
  12. WWF Australia, “Call For Global Ban On Single-Use Plastic Items, Such As Vapes, Cutlery And Cosmetic Microplastics,” May 15, 2023, www.wwf.org.au, Call for global ban on single-use plastic items, such as vapes, cutlery and cosmetic microplastics - WWF-Australia | Call for global ban on single-use plastic items, such as vapes, cutlery and cosmetic microplastics | WWF Australia
  13. Infinata Lab, What Plastics can be and cannot be recycled,” www.infinitalab.com, No date, What Plastics Can And Cannot Be Recycled | Infinita Lab
  14. DW, “Germany's waste problem: Recycling isn't enough,” www.dw.com, May 29, 2018, Germany's waste problem: Recycling isn't enough – DW – 05/29/2018