Techically, I don't think it can deteriorate. .. It's coated in too much plastic to deteriorate.
My take ? We're screwed.
I visit my local rural landfill. I've seen so many perfectly useful and repairable items that would make your head spin.
Last week, just on the edge of the pit I grabbed a small plastic bag filled with jewelry. An opal silver bracelet, a pair of silver earrings, 2 working watches (Google said value of watches $395 & $ 195 )
We are a shamefully wasteful society.