Adoption of Circular Economy to Boost Demand for Recycled PET Bottles The surge in population across the globe has boosted the demand for raw materials such as minerals, fossil fuels, biomass, and natural or synthetic materials. This has adversely affected the environment, primarily its biodiversity. Additionally, an increase in emission levels of carbon dioxide across the globe has led to changes in the Earth’s climatic condition. These factors have created an imbalance in the ecosystem, thereby giving rise to a concept called ‘circular economy’.
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