Thursday, May 14, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Markets

Markets: Plastic recycling expected to reach $6.9bn by 2033

Fiinews by Fiinews
July 6, 2024
in Markets
Reading Time: 2 mins read
A A
0
Aipma
0
SHARES
27
VIEWS
LinkedinShare on Twitter

Verma stressed the need to become a sustainable circular economy

India’s plastic recycling industry is rapidly growing, and is expected to reach US$6.9 billion by 2033, according to Arvind Mehta, Governing Council Chairman All India Plastics Manufacturers’ Association (AIPMA) https://www.aipma.net/ .

The Government initiatives and a robust existing recycling rate of approximately 60% which highlights the country’s commitment to managing plastic waste, he noted at the four-day Global Conclave on Plastic Recycling and Sustainability (GCPRS) which started on 4 Jul https://gcprs.org/about/ .

Nivedita Shukla Verma, Secretary, Union Ministry of Chemicals and Fertilizers http://chemicals.gov.in , inaugurated the conference, and pointed out that “be that as it may, and despite transitioning from a material of wonder to a victim of its own success, the plastic industry remains one of the leading contributors to the economy and in providing employment to millions globally”.

She reminded stakeholders that a concerted and collaborative effort across various sectors is necessary in recycling plastics https://www.ibef.org/ .

Furthermore, she highlighted the critical part that the industry played in this sector. With environmental regulations tightening globally each day, she stressed the need to become a sustainable circular economy at the earliest https://www.nseindia.com/ .

Kamal Nanavati, President of the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), emphasized that plastic waste management is a global issue requiring collaboration among all value chain participants and the government https://cpmaindia.com/ .

He said that the GCPRS aims to provide a platform for dialogue and discussion to develop solutions and the Indian industry is actively working to improve plastic circularity and ensure the effective implementation of regulatory requirements through cooperation with the government https://www.iea.org/ .

The conclave, jointly organized by the All India Plastics Manufacturers’ Association (AIPMA) and focuses on the rising use of plastic, its impact on the environment and also on the steps needed for solutions. Various businesses and experts from across the country will grace the conclave over the four days https://www.bseindia.com/ .

Aligned with India’s zero waste goal, the GCPRS showcases innovative recycling technologies, sustainable options like #biodegradable and compostable plastics, and efficient waste management solutions http://store.netzero.net .

The event serves as a platform for industry leaders, startups, and environmental experts to demonstrate their latest advancements and share insights on achieving sustainability in the plastic industry, said Ministry of Chemicals and Fertilizers. Fiinews.com

Tags: Ministry of Chemicals and Fertilizers
ShareTweetShare

Related Posts

Blue Dart
Markets

Market: Blue Dart optimistic on prospects in India

by Fiinews
May 11, 2026
0
20

Company to invest in network, service quality German-origin Blue Dart Express Limited, South Asia’s premier express air and integrated transportation...

Eat Breathe Smile
Markets

Market: Protein demand to grow to $1.58bn by 2034

by Fiinews
May 10, 2026
0
21

Asharam notes growing interest in understanding ingredient quality India’s protein supplements market is projected to grow to US$$1,578.1 million by...

Solrato Solaire

Market: Partners to tap $50bn North RE power

May 10, 2026
22
PIB

Market: India emerging as aviation financing hub

May 10, 2026
23
Aprecomm

Market: Aprecomm focus on long-term workforce

May 8, 2026
20
Global Eneergy Alliance

Market: Singhal to build more RE power systems

May 8, 2026
21
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: Approved Ahmedabad’s Rs.20,667cr project
  • Tender: Rs.37,500cr gasification project approved
  • Tender: Nagpur Airport to be modernized
  • Tech: Diplomats apprised on Bharat Innovates 2026
  • Tech: AI transforming workforce, says CEA

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.