Context:
The four-day Global Conclave on Plastic Recycling and Sustainability (GCPRS) commenced today at the Bharat Mandapam, Pragati Maidan (New Delhi).
Key Highlights of the Conclave
- The conclave is jointly organized by the All India Plastic Manufacturers’ Association (AIPMA) and the Chemicals and Petrochemicals Association (CPMA).
- It aims to address critical issues related to plastic usage, its environmental impact, and innovative solutions for a sustainable future.
- Plastic waste management is a global challenge that necessitates collaboration among all stakeholders in the value chain and government bodies. The GCPRS seeks to provide a platform for dialogue and discussions aimed at developing effective solutions.
- The conclave will explore strategies to improve plastic waste management, including collection, segregation, and various recycling methods such as mechanical and chemical processes.
- It will also emphasize designing products for recyclability and maximizing resource efficiency by incorporating recyclates into new products. Industry stakeholders are expected to promote collaboration across the entire value chain.
- Aligned with India’s goal of achieving zero waste, the GCPRS will showcase innovative recycling technologies, sustainable alternatives like biodegradable and compostable plastics, and efficient waste management solutions.
- The event serves as a significant platform for industry leaders, startups, and environmental experts to showcase their latest innovations and exchange insights on advancing sustainability in the plastic industry.
India’s plastic recycling industry
- According to ‘The National Circular Economy Roadmap for Reducing Plastic Waste in India’ report, India currently recycles just 8% of its plastic waste.
If current practices persist, this recycling rate is projected to increase only slightly to 11% by 2035, despite expectations that India’s plastic production will rise to 70.5 million tonnes (MT) from the current 24.1 MT. - India’s plastic recycling industry is expanding rapidly and is expected to reach a market size of $6.9 billion by 2033.
- Government initiatives and a strong informal sector, with recycling rates at approximately 60%, demonstrate India’s commitment to managing plastic waste effectively.