Most of us unknowingly consume and are surrounded by plastic, a widespread material that has become a part of our daily lives. Plastic pollution, on the other hand, has become a major global issue as a result of the widespread consumption and disposal of plastic. Better plastics, better handling of plastic waste, and a decrease in unnecessary plastic use are required even though plastic cannot be entirely phased out. The use of plastics need not be the enemy, and trade shows like Plastindia 2023 in Delhi can give the industry a platform to collaborate and invent solutions to this global challenge. Over 4 million people are employed by the plastics industry, which has more than 20,000 processing facilities, 80–90% of which are SMEs. The plastics market is anticipated that by 2027, it will have grown to $56.42 billion, with a CAGR of 6.6%. However, the industry is experiencing a labour shortage, particularly for cutting-edge knowledge, and it is problematic to spread high-tech among SMEs.Only 60% of the 9.4 million tonnes of plastic waste produced in India each year is recycled; the remainder is left to accumulate as litter, be left uncollected, or be disposed of in landfills. The plastics industry must find a sustainable solution to address this urgent problem. The industry must develop better plastics that are recyclable, reusable, and kind to the environment. Reduced use of unnecessary plastic products, such as single-use plastic, is also essential. To reduce plastic waste, policymakers, manufacturers, and consumers must all work together. Customers can choose environmentally friendly products and use less single-use plastic. While policymakers can put regulations and policies in place that encourage sustainable plastic use and waste management, manufacturers can create sustainable packaging and reduce waste in their supply chains. In an effort to lessen the harmful effects of plastic on the environment, India officially banned the use of single-use plastic on July 1, 2022. Numerous startups and even larger companies have developed strategies and collaborated with recycling businesses to use recycled plastic in the development of their products as a solution to this problem, which is now gaining more momentum. Banyan Nation, a recycling firm is India’s largest startup incubator, advocates for the use of recycled plastic in mainstream products and packaging among businesses. The company processes plastic waste, cleans it, and recycles it to be reused in manufacturing at its facility in Hyderabad. Banyan Nation has established collaborations with prominent corporations such as L'Oréal India, Tata Motors, and Intel India. Thank you.
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