In 2023, India stood at a total market volume of 9.9 million tons, and is expected to reach 23.7 million tons by 2032 growing at a CAGR of 9.86% from 2024 to 2032.

The vast Indian plastics industry serves as a key economic growth driver across automotive, construction, electronics, healthcare, textiles, and FMCG sectors. With India’s plastic recycling of average 13% surpassing the global average of 9%, the nation’s recycling approach aims to inspire global leaders in combating plastic pollution.

Taher Patrawala, managing director, MediaFusion, said “As we witness a global shift towards sustainable practices, it’s imperative for nations to address the pressing issue of plastic pollution. With the Indian government’s proactive measures, including the ban on various single-use plastic items and the implementation of Extended Producer Responsibility (EPR) regulations, the stage is set for effective plastic waste management.”

The three-day expo plastics recycling and sustainable packaging conference will unite delegates, thought leaders, innovators, and technology providers in the plastics recycling industry. Suppliers, manufacturers, technology specialists, waste managers, consultants, and emerging players in the industry will convene to explore business opportunities under one roof.

On the sidelines, international experts will address key themes including circular economy principles, sustainable packaging, regulations, challenges, opportunities, innovations, technologies and trends, and share insights and experiences from across the plastics sector to promote a green future.

The unveiling of PRSI 2024 followed a roundtable conference on 27 February at Mumbai, which convened fourteen stakeholders from the Indian plastics industry. The agenda was to address the pressing challenges and opportunities in Indian plastics recycling. Esteemed panellists comprised representatives from the Bureau of Indian Standards, Alliance to End Plastic Waste, Indian Plastics Institute (IPI), Mumbai Sustainability Centre, Brihanmumbai Municipal Corporation and other influential stakeholders. 

The discussion was centred on enhancing recycling infrastructure, incentivisation of waste management, deficiencies within the sector, streamlining regulatory frameworks, and fostering collaboration across the value chain, with a specific focus on Maharashtra.

Matthew Barber, global events director, Crain Communications said, “Globally, PRS is recognised for its expertise in bringing together the entire plastics recycling value chain on one platform in Europe, the Middle East and South-East Asia. The PRS show has been growing since its inauguration in Europe in 2015. Building on the success of PRS in Europe and the Middle East, we are elated to bring PRS to India. With legislation mandating certain criteria, there is a pressing need to explore industry practices to meet this target.”