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Recycling Of Polythene And Other Plastic Products | |
| Polythene is a type of plastic made into thin sheets or bags and used especially to keep food fresh or to keep things dry. Polyethylene or polythene (abbreviated PE) is the most common plastic. The annual global production is around 80 million tonnes. Its primary use is in packaging (plastic bags, plastic films, geo membranes, containers including bottles, etc.). Plastic recycling is the process of recovering scrap or waste plastic and reprocessing the material into useful products. Global Plastic Recycling Market is projected to cross USD 50.0 Billion by 2023, growing at a CAGR of over 5.0% during the forecast period. Rising awareness about the pollution caused by plastics and the energy saving benefits in the manufacturing of recycled plastics over virgin plastics are the major growth drivers of the global market for plastic recycling. In terms of type, the plastic recycling market is categorized into Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and others. Plastic recycling market is prognosticated to scale new heights in the upcoming years owing to the rising cost of production as a result of increasing petroleum price. The growth trajectory of the market is likely to be dictated by government regulations favoring the recycling of plastic waste. In addition, the need for a standard recycling technology for plastic in order to manage waste efficiently is also anticipated to catalyze the expansion of the market over the next couple of years. However, a lack of awareness about recycling still prevails in the market which is forecasted to check the proliferation of the plastic recycling market over the assessment period. Based on application, the market has been expanded into packaging, construction, automotive, textile, consumer goods, and industrial. Of these, the segment of packaging is expected to serve the most demand for recycled plastic owing to the thriving expansion of the packaging industry and the several mandates compelling the industry to adopt more environment-friendly processes and ways to cut-down on its carbon footprint. The construction segment is also increasingly becoming a notable consumer of recycled plastic and is likely to account for a notable share in the overall market by the end of the report’s forecast period. | |
| Plant capacity: - | Plant & machinery: - |
| Working capital: - | T.C.I: - |
| Return: 1.00% | Break even: N/A |
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Information- One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
- One Crore is equivalent to ten million (10,000,000)
- T.C.I is Total Capital Investment
- We can modify the project capacity and project cost as per your requirement.
- We can also prepare project report on any subject as per your requirement.
- Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.
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