Plastics have been around for just over a hundred years but are now part of almost every area of our life. We can see Plastic materials in everything from children’s toys to food packaging because it is one of the cheap and easily available materials. However, as we use Plastics too much, we also have a lot of plastic waste. It is one of the big problems in society. To solve this problem Recycling plastic garbage and changing it into useful products is one of the best plastic recycling businesses.
Plastic Recycling Business Ideas in india
Plastic recycling is one of the growing industries, and starting a plastic recycling business in India is one of the most profitable business ideas. Before starting a recycling business You must decide some things like which types of plastics you will recycle, how much investment you need, how much profit in the plastic recycling business, location of your plastic business, target customers, plastic recycling machine, and many other factors. Here we also added a sample plastic recycling business plan pdf, Which help you learn how to start a plastic recycling business.
What is Plastic recycling?
Plastic recycling is the practice of recovering scrap or waste plastics and turning them into usable goods, which sometimes are very different from their original forms. This Plastic recycling business helps improve the environment. Apart from this their profit in the plastic recycling business. In the 21st century, plastic recycling is important for managing existing trash and enhancing resource efficiency.
According to the report each person uses 11 kg of plastic per year, resulting in 300 million tonnes of plastic used worldwide. A study shows that only 9% of plastic is recycled, 12% is burned and 79% ends up in landfills. There are more than 5 trillion pieces of plastic in our ocean, enough to go around the globe 400 times. Because plastic doesn’t break naturally and pollutes land as well as our water.
How to start a plastic recycling business
Here are a few steps through which you can start a plastic recycling business.
Market Research
If you want to start a plastic recycling business in India or anywhere, market research is very essential. In India, plastic recycling business ideas are still new and not very well-known. so, to make the plastic recycling business profitable in India or anywhere else it is important to study the market carefully, so you can understand functions, and objectives better.
Make a business plan
To make the plastic recycling business profitable in India, it is important to make a good business plan. Here are some steps to make a plastic recycling business profitable.
- How much investment is needed in the plastic recycling business
- Try to find a needed factory or land
- Decide which type of plastics you want to recycle
- SStart gathering plastic waste
- Find which type of equipment you need for the recycling process.
- Evaluate the plastic recycling business profit margin
- Evaluate how much cost is needed for the plastic recycling business
Register your company to set up a plastic recycling business
To establish a plastic recycling plant, it is important to do proper documentation and register your company name in the state. Some of them are:-
Business registration GST number factory license permission from relevant department No objection certificate Import/export code
- EPR action plan
- EPR authorization
- Find perfect location
Now it’s time to choose the perfect place. select an ideal location such as a warehouse, factory, or plant with enough space to accommodate your equipment and machinery. Also choose where you can easily get electricity, water, and transportation to run your recycling operation efficiently.
Cost to Start Recycling Business
To Start a plastic recycling business you need various types of machines, and equipment like separators, sack stitchers, shredders, breakers, a pre-washing system, a rinse system, granule makers, and dryers. It is important to choose the right equipment to run a successful recycling business. The minimum cost you need to run is around 25 lakh.
To start a plastic recycling business investment cost:
| Plastic Recycling Business Cost | Investment Amount |
| Factory setup cost | Around ₹5 to ₹10 Lakhs |
| Machine cost | Ranges between ₹2.5 to ₹35 Lakhs |
| Cost of other utilities | ₹ 1 to ₹2 Lakhs per month |
| Cost of human resource (labour & Technicians) | ₹15,000 to ₹45,000 per month |
| Total Investment | ₹7 to 30 lakhs |
| Monthly Expense | ₹1.5 to ₹2.5 Lakhs |
Benefits of Plastic Waste Recycling Plant in India
It is an opportunity to recycle the plastic waste into new products and with this we can protect our enviroment. Further:-
- Minimizes the amount of plastic waste that ends up in landfills.
- Conserves natural resources as recycled waste can be utilized in the manufacturing process.
- Promotes a sustainable lifestyle.
- Reduces emission of toxic gases.
Machine is Used for Plastic Recycling
Plastic recycling businesses use various machines. It depends on the specific waste recycling process. Here are some common machines used in plastic recycling:
- Shredder: Used to break down large plastic items into smaller pieces for further process.
- Granulator: Converts shredded plastic into small granules. that is used to make new products.
- Washing line: Cleans the shredded plastic by removing unwanted elements such as dirt, labels, and residue from previous contents.
- Extruder: Melts the cleaned plastic granules into a molten form. that can be shaped into new products through injection molding, extrusion, or other methods.
- Injection molding machine: Forms melted plastic into specific shapes by injecting it into molds under high pressure.
- Extrusion machine: Used for continuous production of plastic products with a consistent cross-section, like pipes and sheets.
Plastic Recycling Business Plan PDF
Download sample plastic recycling business plan pdf to understand the business model of Plastic waste.
Marketing Strategy for Plastic Recycling Business
Once everything is in place and your business operational, you’ll need to market your business to your potential customers. It is important to promote your business, and promote your recycling business firm. You can promote your business both online and offline. You can also raise awareness, build websites, print brochures, make social media accounts.
Conclusion
Starting a plastic recycling business in India is one of the profitable business ideas. In the plastic recycling business profit margin in India is good. So, if you want to start this business you have to do proper research. You can also go through our sample plastic recycling business plan pdf through which you can get proper knowledge.
Faqs – Plastic Recycling Business in India
How Can i get a loan for a plastic recycling business?
You can get a loan from the government, or a private bank.
How can I start a plastic recycling business?
You can start plastic recycling business by following the proper guidance such as :-
choose which types of plastic you want to do recycle
do proper documentation
Arrange money
choose location
Is the plastic recycling business profitable?
Yes, the plastic recycling business is profitable in India and anyone can earn between 1 to 20 lakh.
Which machine is used for plastic recycling?
Mainly Shredder, Granulator and washing line machines used in plastic recycling process.
