There’s something that’s going to change for you once you’re done reading this article, so bear with us.
Now, Did you know an average person like you and me consumes 11 kgs of plastic per year, our country, India consumes 25,940 tonnes of plastic and the world on total consumes 300 million tonnes of plastic every year, with consistency.
In facts it’s only 9% of the plastic that’s been recycled, 12% being burned and 79% ending up in landfills. Moreover there are 5 trillion pieces of plastic in our ocean, enough to circle over earth 400 times.
A company as big as Coca-Cola, the plastic bottles of which brings “happiness” apparently, in every minute approximately a million bottles are bought and 91% of them are not even recycled and an estimated 455 million cannot be recycled.
Guessing by now you know that plastic is non-biodegradable I.e it cannot be fed on by the organisms so if more plastic is dumped, it’s going to enter the food chain, the animals and plants we eat for dinner and lunch.
And you’ll probably be vacationing in Goa by the side of a plastic view rather than a sandy beach
Now you realise the need for recycling these plastic bottles? Did this encourage you to think twice before you buy a coke? That’s one change, isn’t it?
Now another, do you know you can do your bit and even make business out of this plastic recycling ? Change the way you do business now.
Also read :
Plastic recycling is the process of recovering the scrap and plastic waste and reprocessing it into a useful product.
The market potential for this business is vast mainly because of the higher reason to save this earth against global warming and the practices of small and big companies to be free from accusations of polluting this earth through the use of plastic they make and waste for producing their own products
As a result there’s a need among big companies like Adidas, Coca-Cola m, Unilever, PepsiCo etc to rather make use of the recycled plastic.
The recycled plastic undergoes a process as follows
These below are the sectors who dump the plastic the most and require the recycled ones produced by your company to do their bit
Now the Uses of plastic can be determined on the basis of the types of recycled plastics which are as follows
Polyethylene terephthalate: This type of recycled plastic is used in manufacture of water, soft drinks, peanut butter and salad dressing bottles
High density polyethylene: This type of recycled plastic is used to manufacture water, juice and milk bottles and used as trash bags for retail, business and households
Polyvinyl chloride: This type of recycled plastic is used for manufacturing PVC pipes, cling films etc
On the basis of the types of plastic recycled into
Licenses required to set up this business are
The investment required to set up this business
|Factory set up||₹ 300000|
|Recycling process||₹ 35,00,000|
The profits made from setting up a plastic recycling business is as variable as ₹60000 per ton, per month
The target consumers for your recycled plastic business would be
Water bottle manufacturers: The mostly immensely dumped plastic, water bottles, are they major consumers for recycled plastic processed by you that is polyethylene terephthalate because of its strength, toughness and clarity supply recycled plastic
Beverage industry : These require the recycled plastic bottles to curb the plastic waste and serve the customers juices, soft drinks, hard drinks etc in a recycled plastic bottles
Packaging industry: The industry dealing in plastic wraps, plastic carry bags, plastic boxes etc also require the recycled plastic
Bottle manufactures: The bottle manufactures of condiments, salad dressings, dips, sauces etc require recycled plastic bottles too
Retail shops and supermarkets: These require recycled plastic in the form of trash bags, dumpsters etc to avoid use of harmful plastics and go green
Construction firms: These require recycled plastic in order to construct ceilings, windows made of recycled plastics
Government: The molten form of recycled plastic can also be used to construct highway roads. 60 kg of it can be used to make a 500 metre road that is 8 metre long
Pipe manufactures: The PVC pipes also require recycled plastic for its production
The area required to set up a plastic recycling plant is 200 sqft- 500 sqft
The raw materials required to recycle plastic are
The machinery required to set up this business is
The manpower required to set up this plastic recycling busines is
Moreover ample training to these workers in terms of the following must also be provided with
The business model of a plastic recycling business can be defined using these four variants
Value proposition: The value which this business is likely to priced to you use
Target consumers: The target consumers for this business are as follows:
Competitor review: The few key competitors of this noble busines are as follows
Marketing strategy: The marketing strategy that can be implemented by your unit is as follows
Advertising: Through social media by sweating up pages, contests etc
Print media: through articles, blogs, claims justifying your recycling processes etc
The plastic recycling business has witnessed and has the potential for the following growth prospects
This business is likely to yield a profit margin of 20%-60%
While you toss away your entire household plastic collection for household we have narrowed down some reasons to why you should take up this business opportunity
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