Global conclave on plastics recycling and sustainability held

The four-day event served as a significant platform for discussing innovations and advancements in plastic recycling. It has brought together global leaders to share their perspectives on creating a greener tomorrow through sustainable practices in the plastics industry.

Ram Inder Singh Kochar, promoter and managing director of Al Mehtab Industries, said, "This conclave marks a pivotal moment for the plastics industry in India. By bringing together innovators and leaders, we are setting the stage for a sustainable future. The opportunities discussed here will pave the way for significant advancements in plastic recycling and sustainability.”

During the event, speakers highlighted the importance for recyclers to seize business opportunities in the circular economy, especially as governments enforce plastic sustainability throughout the supply chain. Recycled Polyethylene Terephthalate (rPET) is a form of plastic produced from repurposed PET waste collected from businesses and consumers.

Highlighting business opportunities, the latest trends, and cutting-edge innovations, the mega event aims to illuminate numerous prospects for trade across various sectors. The exhibition showcases products on sustainability, boosting brand visibility, and introducing new offerings to industry professionals, engaging stakeholders across the entire supply chain.

India’s largest players in the plastic recycling market have gathered to share their insights and trade secrets, further enhancing the event's impact. Exhibitors include plastic recyclers, plastic machinery manufacturers, waste management agencies, biodegradable plastics producers, FMCG brand owners, and e-waste recyclers, among others.

Notably, the global plastic recycling market is valued at USD 45.5-billion for FY 2024-25 and is projected to grow at a CAGR of 9.8%, reaching USD 129.5-billion by 2030.