New Delhi: Green India Polymers, a sustainable start-up, keeps a check on the environmental issues caused due to plastic waste by recycling the plastic. The brand ushers into the era of sustainable wealth creation with the production and distribution of PET flakes. The brand is synonymous with bringing value to the world’s leading manufacturers and users of petrochemical products through tailored business solutions and aims to reach USD 8 million by the end of this year. The brand has shown exponential growth from last year USD 4 million to USD 8 million (approximately).
The alarming nature of the environmental issue brings the plastic recycling industry to the spotlight. As a result, the Global plastics recycling industry is expected to reach USD 110 billion by 2025, from an estimated value of USD 85 billion in 2020.
With the abundance of plastic products in our day-to-day lives, it has posed serious health and waste management challenges for humanity. As per an estimate by the World Economic Forum, half of the 300 million tonnes of plastic produced every year is used for single-use items-clogging our wastelands, oceans, and the food chain. Moreover, every year, about eight million tonnes of plastic reaches our already chocking oceans.
Elaborating upon the massive opportunity in plastic recycling, Amit Mani, Founder & Managing Director of Green India Polymers quoted, “Plastic is a necessary evil in our lives. Until we find a more sustainable replacement for it, it is essential to identify and scale up ways to recycle as much plastic as possible. At Green India Polymers, we have scaled up to a profitable business over a short period. However, we take immense pride to play our role in reducing the footprint of plastic from our environment.”
Green India Polymer is a leading exporter of PET flakes in the United States, Canada, Mexico, Morocco, Germany, South Africa, and the Middle East. With the vision towards a more sustainable world by innovating plastic recycling, the company is relentlessly working towards it.