Drink Asia Drink Asia March April 2019 | Page 38

Drink Wrap WHY PLASTIC PACKAGING NEEDS RETHINKING AND HOW A CIRCULAR ECONOMY CAN HELP By : ERICH LAWSON - Online Marketing Manager at Compactor Management Company E ven with the increasing awareness surrounding the importance of recycling plastic waste, the amount of plastic waste that actually gets recycled is shockingly minimal. This article gives an overview of the herculean problem of packaging waste that the world is facing today and how a mindset which is pro circular economy can be created to help battle the problem of plastic waste. Plastic Packaging Waste: A Burning Problem Plastic packaging waste has become a burning problem today. Statistics show that every minute plastic waste equivalent to one truck is leaking into marine bodies and destroying the marine flora and fauna. Around millions of marine animals die due to the plastic waste in the ocean. Besides, a huge chunk of plastic waste also ends up in landfills and contributes towards producing greenhouse gases gradually. The linear model of consumption i.e. take- make-dispose model of consumption is the culprit. The products are bought, used once and thrown away. Also, most of the packaging rarely gets a second use. Reason to Adopt a Circular Economy The beauty of a circular economy is that the materials constantly flow in a circular or a closed loop system rather than being discarded after a single usage. This helps retain the value of the materials like plastic which would otherwise have been lost if thrown away after single use. Hence, a more circular approach is needed, wherein not only less packaging is used, but it is redesigned in a The beauty of a circular economy is that the materials constantly fl ow in a circular or a closed loop system rather than being discarded after a single usage Drink Asia 38 March-April 2019 way so that it can be reused, recycled or composted. The business and environment both benefit from the circular economy approach. The materials are used effectively, which means less waste and reduced costs. This also means that new sources of value are created for consumers, the risk management of raw materials is improved and the approaches to the supply chain are optimised. The Ways to Cultivate a Mindset Which is Pro Circular Economy • Re t h i n k i n g d e s i g n o f packaging products can