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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.