378th Global Policy- Web-Summit | India’s Plastic Policy; How plastic can be a blessing for the environment

The industry has grown at a compound annual growth rate (CAGR) of 10% in volume terms, from 8.33 million metric tonnes per annum (MMTPA) in FY 10 to 13.4 MMTPA in FY 15, and is expected to grow at a CAGR of 10.5 percent from FY 15 to FY 20 to reach 22 MMTPA. Government initiatives such as Make in India, Skill India, Digital India, and the Swachh Bharat Abhiyan will fuel this expansion even further.

0
378th Global Policy- Web-Summit | India’s Plastic Policy; How plastic can be a blessing for environment

9.10.2021, New Delhi: Human population growth and consistent demand for plastics and plastic products are to blame for the continuous increase in plastic production, waste generation, and environmental pollution. Plastics are an extraordinary class of materials that have recently gained attention due to their widespread use in the global economy, low material recovery rates, and the environmental consequences of current disposal methods. Because of the versatility of plastics, they are now used in almost every major product category. Because of its use in a variety of industries such as automotive, construction, electronics, healthcare, and textiles, the plastic industry is one of the fastest-growing markets.  The industry has grown at a compound annual growth rate (CAGR) of 10% in volume terms, from 8.33 million metric tonnes per annum (MMTPA) in FY 10 to 13.4 MMTPA in FY 15, and is expected to grow at a CAGR of 10.5 percent from FY 15 to FY 20 to reach 22 MMTPA. Government initiatives such as Make in India, Skill India, Digital India, and the Swachh Bharat Abhiyan will fuel this expansion even further.

Also Read: Policy Framework for Plastic Industry in India

In light of India’s recent introduction of the Plastic Waste Policy and India’s EPR Policy, The Policy Times, the world’s first policy and development media, hosted a National E-Conference on ‘India’s Sustainable Mobility’ on Friday, October 8th, 2021. MRAI and GRC India were the organizing partners for this E-Conference, which was also supported by EcoEx, GreenScape, and Sensage. Through active interaction and deliberation of stakeholders from many sectors, including policymakers, plastic industry leaders, education sectors, recyclers, and others, the National E-Conference produced a 360-degree examination of the policy.

Industry Perspectives, Reactions & Expectations:

The widespread use of plastic is posing a threat to the environment, but if used properly, it may be a blessing to the planet. Plastic may provide opportunities for both the general population and industry.

(A) Countries with less-developed waste collection and disposal systems, which should prioritize reducing plastic waste leakage to the environment (followed by a more recovery-oriented plastic waste management approach)

 (B) Countries with functioning waste collection systems, which should focus on making use of the resource value of plastic waste.

(C) Plastic reuse can be beneficial to the environment. For instance, instead of smashing plastic bottles, it can be refilled and reused, which is both sustainable and safe.

(D) It can also be used as an energy source, and if employed properly, it has the potential to become a golden element in the future.

Hon’ble Speakers & Contributors

  • PadmashriRajaGopalan Vasudevan

Plastic Man of India & Professor and Dean, Thiagarajar College of Engineering, Madurai

  • Shalini Goyal Bhalla

MD- International Council for Circular Economy & Committee Member, Dry Waste and C&D  Waste at NITI Aayog

  • Michael Rada

Founder INDUSTRY 5.0 & President – IBCSD

  • Saloni Goel

Climate Change Specialist at NITI Aayog

  • Bipin Kumar Rai

EHS Head, Continental Tyres (India)

  • Mohammad Shahmeem Khan

EHS and Sustainability Head – PCPB ITC Limited

  • Akshaya Rath

Chief Executive Officer, EcoEx

  • Debartha Banerjee

Co-Founder and Director, Sampurn(e)arth Environment Solution Pvt. Ltd

  • Akram Hoque

Founder Editor, The Policy Times

Summary
Article Name
378th Global Policy- Web-Summit | India’s Plastic Policy; How plastic can be a blessing for the environment
Description
The industry has grown at a compound annual growth rate (CAGR) of 10% in volume terms, from 8.33 million metric tonnes per annum (MMTPA) in FY 10 to 13.4 MMTPA in FY 15, and is expected to grow at a CAGR of 10.5 percent from FY 15 to FY 20 to reach 22 MMTPA. Government initiatives such as Make in India, Skill India, Digital India, and the Swachh Bharat Abhiyan will fuel this expansion even further.
Author
Publisher Name
THE POLICY TIMES
Publisher Logo