
India's plastics recycling sector leads globally in rigid plastic recovery, processing nearly 60% of its plastic waste through an extensive informal network. Srichakra Polyplast aims to shift focus from volume to producing food-contact-compliant recycled polymers, targeting significant revenue growth by 2027. Meanwhile, despite abundant biomass, India lacks industrial infrastructure for biopolymer production, causing reliance on imports amid rising global bioplastics demand and production capacity.
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