R2W BIO SOLUTIONS AND ENGINEERING PRIVATE LIMITED

In their own words

Due to sudden ban of single use plastics, the huge Indian Candy and ice cream Industry is facing severe shortage, especially those products using plastic sticks e.g. lollipop, kulfi, ice cream, etc. The Indian candy market was valued for US$ 1.64 billion in value terms in 2020 and is forecast to grow at CAGR 15.40% in value terms to reach US$ 3.66 billion by financial year 2026. Some major Indian candy players are Perfetti Van Melle India Private Limited, Parle Products, ITC Limited, Nestle India, Mars International India, Lotte India, Ravalgaon Sugar Farm, etc. in the organized sector. Likewise, the Indian ice cream market reached a value of Rs. 201.4 billion in 2020. The market is further expected to grow at a CAGR of 14% between 2021 and 2026 to reach a value of approximately INR 442 billion by 2026. Ice cream is currently considered to be one of India's most popular desserts. Ice cream market break up by format are: cup, stick, cone, brick, others. The indigenous production of bio-degradable sticks for these industries is not sufficient and neither the industry is going to wait for indigenous availability rather have started importing. It will be a shame to our country when we have built modern air craft carrier, launched state of the art SLV and LCA like Tejas but is not self sufficient in producing lollipop or ice cream sticks. Though these products require low technology but they are pillars to such an industry in India whose annual turnover runs into thousands of crores INR. The problem is very serious and needs urgent attention to be indigenously self sufficient in low technology small products like lollipop/ice cream sticks. We would like to provide the industry with an alternative sustainable solution from renewable, biodegradable bamboo at competitive price than imports. Our proposal is to grasp the aroused opportunity of scarcity of disposable, bio-degradable ice cream/lollipop sticks in the Indian market due to ban of single use plastics. We would like to provide the industry with an alternate sustainable solution by manufacturing natural, regenerative and biodegradable bamboo lollipop/ice cream/kulfi sticks. Our objective is to make our production system right from sourcing of raw materials to disposition of our products should fall under the ‘Circular Economy’. The concept of the ‘Circular Economy’ offers an avenue to sustainable growth, good health and decent jobs, while saving the environment and its natural resources. This change of trend from a 'Linear Economy (take, make, dispose)' to a 'Circular Economy (renew, remake, share)' is expected to support significantly the attainment of the Sustainable Development Goals (mainly SDG 12) on responsible consumption and production.

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