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A water bottle. Worldwide, 480 billions of plastic drinking bottles were sold in 2017 (and fewer than half were recycled). [1] A plastic bottle of antifreeze Large plastic bottles of water. A plastic bottle is a bottle constructed from high-density or low density plastic. Plastic bottles are typically used to store liquids such as water, soft ...
A plastic bag, poly bag, or pouch is a type of container made of thin, flexible, plastic film, nonwoven fabric, or plastic textile.Plastic bags are used for containing and transporting goods such as foods, produce, powders, ice, magazines, chemicals, and waste.
PepsiCo introduced the first two-liter sized soft drink bottle in 1970. [1] Motivated by market research conducted by new marketing vice president John Sculley (who would later be known for heading Apple Inc. from 1983 to 1993), [2] the bottle and the method of its production were designed by a team led by Nathaniel Wyeth of DuPont, who received the patent in 1973. [3]
In the European Union (EU), too, heavy investments have been made in the plastics industry, which employs over 1.6-million people with a turnover of more than 360 billion euros per year. In China in 2016 there were over 15,000 plastic manufacturing companies, generating more than US$366 billion in revenue.
A year later, it received US$1.1 billion in a new round of investment, led by Chinese e-commerce giant Alibaba Group. [16] In 2018, an additional US$1.1 billion was injected into the company, in a round led by existing investors Alibaba and SoftBank, raising the company's valuation to approximately US$7 billion.