Eco-innovation turns plastics problem into industry progress

From biodegradable plastics to plastic credits, progressive policies and innovative startups are reshaping the future of the industry

- 

HILE WORLD Environment Day in 2025 is focused on ending plastic pollution, businesses across the plastic value chain are turning the challenges into opportunities, created particularly by startups.

The result is that the industry is expected to grow from $49.50 billion in 2025 to $67.82 billion by 2030, at a CAGR of more than 6.5% in the predicted timeline (2025-2030). The sector provides employment to 40 lakh workers, according to a report by Mordor Intelligence in India Plastic Industry Size & Share Analysis Growth Trends & Forecasts (2025-2030).

Even the Indian Trade Portal under the aegis of Ministry of Commerce and Industry states that the ministry aims to increase plastic exports of the country to $25 billion by 2025.

The industry is positioned to flourish in the years to come not only owing to enhanced demand for plastic products in packaging, automotive and construction and consumer goods, but also due to technology advancements and focus on sustainability through innovation of environmentally friendly plastics.

Recycling is positioned as a competitive advantage and a catalyst for the growth of green industries, transforming plastic waste from an environmental problem into a lucrative, scalable resource.

This has led to opening of business opportunities for startups and companies in the sphere of plastic waste management. The Extended Producer Responsibility (EPR) policy makes it mandatory for manufacturers to be accountable for control of post-consumer waste with a lifecycle approach, which opens the opportunity for collection facilities, recycling facilities, and eco-friendly waste disposal techniques.