All of the 8 billion tons of plastic ever produced continue to exist: Report

Almost all of the 8 billion tons of plastic ever produced continue to exist in the environment, US-based Jefferies Financial Group reported. About 50% of plastic won't be recycled in the next 10 years even if countries aggressively tighten rules. Moreover, companies with combined market value of $3.5 trillion will be hit by wide-ranging bans and taxes, the report added.