PERDO RECYCLE PRIVATE LIMITED

In their own words

PROJECT -RECYCLE OF PET BOTTLE (SCRAP) TO PET FLAKES/ RESINThe PET recycling industry had a turnover of around Rs. 3,500 crores ($500 million) in 2015. In 2020 the turnover was Rs. 5000 crores plus ($700 million) (average growth of 10 % YoY). The Indian recycling industry consists of both unorganized and organized recyclers. The PET recycling rate in India is 60% . There are value-added products made from RPET. Indian PET recycling industry is expected to grow exponentially in the coming years, as RPET will also be used in direct food contact applications in the near future. The Indian PET recycling industry’s turnover will be Rs 13,500 Cr plus ($1700 million) in the next 4-5 years, with a minimum average 20% YoY growth rate /2/. PET resin consumption has grown by an average of 10-12% per year, reaching 1.10Trends in usage of recycled PET resin in India The use of recycled PET is presently allowed for packaging of non-food items in India. The major FMCG producers (non-Food) are studying possibilities to use RPET both in existing packs and new product variants launches. The initial target is 20-30% of RPET and then scale it up in the coming years. The awareness is rising that recyclability and sustainability initiatives by a brand influence pack choice by customers and affect brand image and loyalty. The consistent availability of quality RPET resin is the key to the whole process and its projected growth in India. Some brand owners in India are already exploring RPET in secondary packaging, such as jars. It is driven by the need to use ‘Greener Packaging Materials’. PET Bottles currently used in India are made from 100 % virgin PET Resin. PET is slowly and surely becoming the first material of choice in rigid packages, due to its ease of recyclability and current established RPET recycling systems in India. Applications RPET is used in ‘non-bottle’ applications esp. the fiber industry: the different end-uses in India are fiber fill, non-woven, sheets, strapping, injection molding, bottles for non-food applications, monofilaments, masterbatches, among others. The non-woven applications include automobiles carpets, boot liners etc. The polyester fiber is used as filling material for cushions and pillows and converted to fabrics for upholstery. The other RPET products include T-shirts, caps, jackets, scarfs, carry bags etc. For instance, the Indian cricket team’s apparel is made from recycled PET bottles.In India, as a rough estimate, nearly 0.9 million tonnes of PET are manufactured, of which more than 90% are recycled. On the other hand, India is seeing a booming recycling industry which is expected to grow at a rate of 6.5% amounting to a market size of US $53.72 billion by the end of 2023. Though there is high production of PET bottle scrap in India, the country is dependent on imports. In spite of many recycling units and a capacity to recycle more than 12 lakh tonnes from just 40 PET Recycling units, there is a huge gap in demand and supply. million tonnes per year (TPA) in 2020.

Written by the company on its public Startup India profile. Not verified by us.