(File photo)

The amount of plastic rubbish in the oceans will outnumber fish by 2050 if countries around the world do not take positive action to further recycle, a latest report warned.

An overwhelming 95 per cent of plastic packaging — worth $80 to $120 billion — is lost to the economy after a single use, the Ellen MacArthur Foundation report stated.

The report suggested that governments should set up new rules to control the flow speed of plastic material to the nature and find out substitute raw material that produce plastic goods like crude oil and natural gas.

According to the report, at least 8 million tons of plastic rubbish is leaked to ocean, equivalent to one truckload per minute. "If no action is taken, this is expected to increase to two truckloads per minute by 2030 and four per minute by 2050," said the report.

It is estimated that there are over 150 million tons of plastic rubbish in the ocean. The report said that people will find one piece of plastic rubbish in every three fish in 2025 and by 2050 the number of plastic rubbish will outweigh that of fish.

To avoid occurrence of this situation, the report mentioned that it is necessary to change the usage of plastic productions.

"The public, private sector and civil society all need to mobilize to capture the opportunity of the new circular plastics economy," the report said.