Investing In The Waste And Circulatory Sector In India: Plastic Waste and Circularity Guide
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India grapples with a substantial plastic waste challenge. In 2021, according to government data, the country generated nearly 26,000 tonnes of plastic waste daily, amounting to approximately 4.1 million tonnes over the year. However, other estimates state that the actual figures are more than double, with an estimate from a recent Nature paper, stating that India generated 9.3 million tonnes of plastic waste in 2023. A significant portion of that waste, approximately 75%, consists of three primary polymers: polypropylene (PP), polyethylene (PE) and polyvinyl chloride (PVC), with the remainder coming from other polymers such as polystyrene (PS), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polyethylene terephthalate (PET). The key opportunities for plastic circularity in India are emerging around enabling higher-quality recycled outputs, packaging solutions and circularity in traditionally hard-to-recycle segments, such as flexible and multilayer plastics. These cascade into specific opportunity areas across the value chain, which are summarized in this report