A worldwide recycling problem is limiting companies trying to reduce plastic in packaging: Expert

As consumers grow more environmentally conscious and ditch single-use plastics, companies have responded by working to incorporate more recycled materials into their plastic packaging.

"The response is really focusing on recycled content — they've set targets globally, to achieve at least 30 percent recycled content in all their plastic packaging," Phineas Glover told CNBC at the Credit Suisse Asian Investment Conference in Hong Kong on Thursday. The country started importing waste in the 1980s to fuel a growing manufacturing sector. It grew a whole waste processing and recycling industry, but improper handling of trash and a lack of effective supervision turned the country into a major polluter.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what could bring an end to the market's IPO high, according to one expertWall Street's reaction to money-losing companies like Lyft and Uber going public is a key factor in whether their valuations can hold up, says Renaissance Capital's Kathleen Smith.
Source: CNBC - 🏆 12. / 72 Read more »

Why this expert says the IPO market is a 'dangerous place'Eric Hippeau, managing partner at Lerer Hippeau, and Larry Haverty, managing director at LJH Investment Advisors, joins 'Squawk Alley' to look ahead at some of the biggest IPOs of 2019, and why they might not be the best investments. you can substitute 'yet' with 'and they will probably never be' it's going to be more accurate.
Source: CNBC - 🏆 12. / 72 Read more »