In the linear economy, the business model is based on “sell-more, buy-more”. Manufacturers depend on increasing production and sales to earn revenue, so they adopt strategies to lure customers into more purchasing.One of the circular economy approaches-- “Product-as-a-Service (PaaS)” -- provides customers and producers with a new beneficial option: consumers use instead of owning products and services, and producers offer services instead of selling products.
Every year, only 14% of plastic packaging is recycled. When plastic packaging becomes waste and disperses into the environment, not only does it cause environmental damage, but it is also a waste of valuable resources. The loss of resources from packaging that was not recycled is valued at approximately 80 billion to 120 billion USD.
Stinky, dirty, and messy wastes that were shunned by people in the past, such as poultry manures, food waste, and organic sludges, are actually one of the few “resources” Taiwan can claim as its own in the circular economy world. With careful planning, they can be used to meet energy and soil needs.