- India’s Plastic Recycling Industry is expected to grow from a total market volume of 9.9 million tons to 23.7 million tons by 2032, with a CAGR of 9.86% from 2024-2032.
- The Expo aims to bring together stakeholders in plastics recycling from across India and work on furthering the conversation around plastics recycling.
MUMBAI, 21st MARCH, 2024 (TGN): Media Fusion and Crain Communications, leading global event organizers, proudly announced the debut edition of the Plastics Recycling Show India 2024 (PRSI) slated to take place at the Hall 4, Bombay Exhibition Centre in Mumbai from 4-6th December 2024. PRSI 2024 marks the entry of the globally renowned Plastics Recycling Show brand into India. With India seeing a total market volume of 9.9 million tons in 2023 and a projection to reach 23.7 million tons by 2032 growing at a CAGR of 9.86% from 2024 to 2032, PRSI 2024 promises to be a pivotal event for industry stakeholders.
Emphasizing the importance of the event, Mr. Taher Patrawala, Managing Director, Media Fusion, 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 significant strides in plastic waste management.
The launch of Plastics Recycling Show India (PRSI) marks a pivotal moment in our commitment to tackling this challenge head-on. Bringing PRS to India after successful editions in the Middle East and Europe underscores the nation’s dedication to fostering a sustainable future and aligns with government initiatives aimed at promoting responsible plastic usage and waste management.”
The three-day expo and high-level plastics recycling and sustainable packaging conference will unite delegates, thought leaders, innovators, and technology providers in the plastics recycling industry, fostering collaborations, and driving meaningful progress towards a sustainable future. Suppliers, manufacturers, technology specialists, waste managers, consultants, and emerging players in the industry will convene to explore business opportunities under one roof.
At the conference that runs alongside the show, 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 an illuminating roundtable conference held in Mumbai, where industry thought leaders converged to address the pressing challenges and opportunities in plastics recycling. Esteemed panelists including 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, engaged in insightful discussions on enhancing recycling infrastructure, incentivization of waste management, deficiencies within the sector, streamlining regulatory frameworks, and fostering collaboration across the value chain. The discussion highlighted the unique challenges specific to Mumbai and underscored the importance of collective action in addressing them.
Speaking on the occasion, Mr. Matthew Barber, Global Events Director, Crain Communications said, “PRS is globally recognised as a brand – known 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.”
India’s plastics industry serves as a key economic growth driver, contributing significantly across sectors such as automotive, construction, electronics, healthcare, textiles, and FMCG. With India’s plastic recycling of average 13% surpassing the global average of 9% and outperforming some developed economies that recycled only 4%, the nation’s ambitious recycling approach aims to inspire global leaders in combating plastic pollution.
As the first-ever dedicated platform for the plastics recycling industry in India, PRSI 2024 promises to catalyze innovation, foster partnerships, and drive meaningful change towards a circular economy. Ends/TGN
