Plastics are an essential material for modern existence. Plastics make up many of the everyday products we use, as well as the packaging that encloses a vast variety of products. As economies continue to expand, the production and consumption of plastics has increased to meet the needs of growing markets. Global plastics production is an estimated 300 million metric tons each year and is growing at a rate of 4% annually. With plastic production increasing, plastic waste generation is also on the rise. The World Bank projects that 1.3 billion metric tons of MSW is generated each year, a number that is expected to grow to 2.2 billion metric tons per year (MTPY) by 2025. 10% of the total MSW produced, or 130 Million MTPY, is plastic.