Plastic bottle recycling is becoming increasingly popular as an alternative to the often-frustrating waste management options of plastic bottle.
The Philippines is currently home to a total of 12,948 plastic bottle retailers, and this number is expected to increase by around 30% to a whopping 13,979 stores by 2022, according to the World Economic Forum (WEF).
The Philippine National Plastic Corporation (PNPC) said it expects a rise in plastic bottle-recycling volumes from 1.6 million bottles a day in 2020 to 1.7 million bottles daily in 2022.PFC President Jose Calvo said the growth in plastic bottles will help the country reduce its environmental footprint by up to 90% over the next 10 years.PBC is currently operating at a loss of about P6.2 billion annually.
But the PFC’s Calvo claimed the growth of plastic bottles is a sign of the times.
“Our environment is going to be more resilient and more resilient.
The future is bright,” he said.
In addition to PBC, other plastic bottle companies are currently taking over the Philippines market.
Plastic bottle recyclers are also finding it difficult to sell the product as it is too expensive.
“The problem is that people are very hesitant to buy plastic bottle products,” said Jose Alimantay, a plastic recycling consultant at Manila-based R&P Plastic Corporation.
Alimantary said there is a high demand for plastic bottles in many Asian countries, and it is very difficult for them to supply the demand.
“We are seeing a surge in demand for disposable bottles.
People are starting to buy these bottles and they are being sold at very low prices.
It is difficult for the manufacturers to sell them for low prices,” he added.PVC has already said it is increasing the production of its plastic bottles by 30% annually, but it has been reluctant to release a concrete figure.