Few of us cook with palm oil or have ever even seen the stuff. Nevertheless, 50% of all packaged grocery items – everything from ice cream and pizza to detergents and cosmetics – include it as an ingredient. The global market for palm oil was $65 billion in 2015, and that number was projected to grow by more than 7% each year through 2021.
The problems caused by plastics in the environment continue to mount. Major companies around the world are endorsing and promoting efforts to combat the problem including the New Plastics Economy Initiative which aims to have 70% of plastic packaging reused and recycled globally, which is five times more than the current percentage.