Worldwide plastics production falls in 2020 for the first time since 2008: Report
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According to the European industry group PlasticsEurope, global plastics production fell by 0.3 per cent in 2020 as a result of the coronavirus epidemic, only the third time output has dropped since World War II
Plastics have outgrown the majority of man-made materials and have long been scrutinised by environmentalists.
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The commercial business for polymers – long-chain synthetic molecules of which "plastics" is a common misnomer – has evolved significantly since its early beginnings during and after World War II. In 2015, over 320 million tons of polymers, excluding fibres, were manufactured across the globe.
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According to the European industry group PlasticsEurope, global plastics production fell by 0.3 per cent in 2020 as a result of the coronavirus epidemic, only the third time output has dropped since World War II.
In Europe, plastics output was down 5.1 per cent last year, PlasticsEurope said in a statement.
Previously, global plastics output fell as a result of the oil crisis in 1973 and then the financial crisis in 2008.
(With inputs from agencies)