Plastics are durable, lightweight and inexpensive materials. Plastic recycling is the process of recovering waste or scrap plastic and reprocessing the materials into functional and useful products. The goal of recycling plastic is to reduce high rates of plastic pollution while putting less pressure on virgin materials to produce brand new plastic products. They can readily be molded into various products that find uses in a plethora of applications. Every year, more than 100 million tons of plastics are manufactured across the globe. Around 200 billion pounds of new plastic material is thermoformed, foamed, laminated and extruded into millions of packages and products. Consequently, the reuse, recovery and the recycling of plastics are extremely important.