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India produces 3.4 million tonnes of plastic waste in a year, only 30 per cent of it is recycled, leaving a huge gap between consumption and disposal. A major problem is lack of separation of waste at the disposal and collection sites.
A large parallel industry around recycling is emerging world wide including India.
The Global Waste Recycling Services Market Size was valued at USD 61.76 Billion in 2022 and the Worldwide Waste Recycling Services Market Size is expected to reach USD 107.51 Billion by 2032, according to a research report published by Spherical Insights & Consulting.
India's waste recycling is emerging as an income provider for its marginalized sections of society, creating an informal chain of workers—from ragpickers who sort through waste to dealers who sell the plastic to plants.
We speak to Rahul Poddar, Director, Shakti Plastic Industries, a company entrenched in recycling plastic waste and converting it into products.