The pandemic has significantly increased the use of plastics to limit the spread of the virus. From gloves to masks and bottles, we are all guilty of using single-use items.
According to MarketsandMarkets, the market for plastic packaging is projected to grow by 5.5 percent in 2020. As we look to the future of plastics recycling, the demand for oil, as well as its price, have both fallen. Most plastic is made from oil and is now allowing companies to inexpensively manufacturer new plastic products.
