Satellites generally have lifespans of eight
That's why the Swiss EPFL Center is developing the Clean Space One, which hypothetically could gobble down satellites like a Pac-Man. While it's currently being targeted toward tiny Swiss CubeSats, there's no reason why the technology couldn't scale up to help bring down space junk.
An increasing problem to match our desires to go into space more frequently, satellite destruction will likely become a larger part of space programs worldwide. Japan recently failed in an attempt to clean up things, but this problem isn't going away any time soon.