The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The global market for Eco Friendly Bottles is projected to reach US$3.8 billion by 2025, driven by the growing threat of plastic pollution on land for plants, animals and humans. Plastic pollution is a threat that the world can no longer ignore. Plastics are responsible for overflowing landfills worldwide. In the United Sates over 305 of landfills are used by plastics. Plastics are not biodegradable and remain in landfills for over 1000 years; burning plastics releases toxic fumes into the environment; they are expensive to recycle; micro-plastics in water bodies are toxic to marine life as they leach DDT and hexachlorobenzene into water; chemical risks posed by plastics are real for humans as they disrupt natural hormone levels. Chemicals such as phthalates and BPA are proven endocrine disruptors. Plastics, in short, create an environmental crisis comparable to climate change.  A worrying trend is the world’s obsession with plastic which continues with over 20,000 bottles sold every minute. Lack of stringent regulations in developing countries is a key reason cited for the continued plastic consumption. For instance, lack of stringent regulations curbing indiscriminate plastic use has made India the largest consumer of plastics responsible for generating for 6 million tons of plastic per year. The coming years will however witness plastic consumption stabilize as growing awareness encourages voluntary environmental stewardship among consumers and stringent regulations force manufacturing companies to adopt greener alternatives. The scenario is poised to benefit green eco-friendly bottles which are defined as bottles made of biodegradable materials such as bamboo, algae, husk, recycled paper, bulrush, and sugarcane pulp, or from biodegradable plastic materials such as polylactic acid (PLA), biodegradable PET and polyhydroxyalkanoates (PHA).  Read More…