Capitalism works this way, unfortunately.

Here is one more article based on a 2025 report saying something similar.

Only 9.5% of plastic materials produced globally in 2022 were manufactured from recycled materials. The findings, reported in Communications Earth & Environment, are part of a comprehensive analysis of the global plastics sector, which also reveals a large increase in the amount of plastic being disposed of by incineration and substantial regional differences in plastic consumption.

Plastic production has increased from 2 million tons per year in 1950 to 400 million tons per year in 2022 and is projected to reach 800 million tons per year by 2050. As a result, plastic pollution is a pressing and growing global issue, posing major challenges for the environment, economy, and public health.