Page 29 - Plastics News Issue May 2025
P. 29
ENVIRONMENT NEWS
Plastic Credit Market To Grow 70% Hit $1.7
With New Recycling Rule Billion By 2030
ew Delhi: India's plastic credit market date under the extended producer responsibility
could grow to $1.67 billion by 2030 from (EPR) for plastic producers, importers and brand
N$982 million now, bolstered by the man- owners to use recycled content in their plas-
tic packaging, say industry experts. They also
flagged challenges in the procurement of plastic
for recycling and issues with the price discovery
mechanism in the credit market.
Source: Economic times
Plastics Industry Association Announces 2025 Plastic
Sustainability Innovation Award Winners
tally friendly. These winners are showing new
ways to reduce waste, improve recycling, and
use better materials.
PureCycle won for its Pure Five resin, made by
cleaning up used plastic so it can be reused like
new. Green Mantra Technologies was recog-
nized for turning waste plastics into useful ad-
ditives that improve other plastic products. Grey
parrot earned praise for its AI-powered system
that helps recycling plants identify and recover
more plastics by analysing trash in real time.
he Plastics Industry Association has an-
nounced the winners of its 2025 Sustaina- The top overall prize went to Plastipak for its
Tbility Innovation Awards, which celebrate PPK Natura plastic, made using captured carbon
companies making plastics more environmen- emissions instead of oil. It works just like regu-
May 2025 PLASTICS NEWS 29
