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Showing posts with the label circular flow of economic activity

What Is Circular Economy And How Does It Work?

 Have you heard about circular economy? A present-day buzzword, circular economy outlines a system-focused approach to achieving environmental sustainability. Simply put, circular economy is an upgrade to a traditional linear economy model that focuses on the concept of take, make, and waste. Unfortunately, the time-tested cycle of production and consumption has contributed to overwhelming quantities of waste across the globe. Are you aware of the stats? Let’s read: 1.  Two billion tonnes of waste are produced every year 2.  India alone generates over 62 million tonnes of waste annually 3.  Plastic, electronics, batteries, glass, and food are the biggest contributors of waste to date. In short, waste is a serious problem. Moreover, the rapid influx of industrialisation and technology has worsened the crisis. Hence, it is imperative to reduce waste to an absolute minimum. The question that arises now is how? Clearly, recycling is only half-good in treating and reducing waste by large. W

Importance Of Sustainable Packaging To Drive Circular Economy And Environmental Benefits

  Single-use plastic packaging waste has cropped up as an alarming issue in recent times. Would you agree any less? Of course, the buzz to raise consumer awareness around packaging and plastic waste is quite high. Haven’t you heard of recycling and a  circular economy model ? Unfortunately, as the phrase goes,  ‘the proof is in the pudding;’   the landfills remain unaffected regardless of the reformative drive. Think about it – packaging is ubiquitous. From securing fragile products from breakage to minimising food waste, packaging plays a key role in various lines of business. The dramatic expansion of new-end markets globally and a spike in cheaper choice of substrates like plastic is definitely not underrated. Sadly, the growing usage of single-use packaging is burdening and detrimental to the environment.  Did you know that the world generates approximately 400 million tonnes of plastic waste every year? India alone produces over 3.6 lakh million tonnes of plastic waste in a calend