From Trash to Treasure: How start-up led innovations transform plastic recycling
Updated On: 01 August, 2023 08:24 AM IST | Ainie Rizvi
Demand for plastic is on an upward trajectory. So is plastic waste generation. To fight the perils, start-up-led innovations have begun to catalyse plastic recycling to produce consumer-friendly goods and fuel
India has generated around 3.4 million tonnes of plastic waste annually in the last five years. Image Courtesy: iStock
Plastic has become integral to human existence. From high-end electronics like Apple EarPods (made of ABS Plastic) to consumer goods like water bottles (made from PET), plastic has penetrated seamlessly into our everyday lives. The Ministry of Housing and Urban Affairs, India analysed this dependence to compute 150 million tonnes of plastic being produced annually, at a global scale.
Plastic can create much more with much less in dynamic ways. The versatile nature of plastic has found its application in packaging films, shopping and garbage bags, fluid containers, clothing, toys, household and industrial products, smartphones and building materials. Finance experts think that by 2025, the electronics and consumer goods plastics market will expand to have an approximate worth of over 50 billion dollars.
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