Plastic recycling business plan | How to start?| cost and profit.

We need to recycle this plastic. Recycling plastic bottles and other products is a huge business opportunity for young entrepreneurs. The plastic recycling business plan is a profitable business plan. In this article, I have researched detailed information on how to start a recycling business in a small-scale plastic recycling plant to make a profit.

Plastic is a polymer, we have studied in school. Apart from that, it is known to be a non-biodegradable substance that is hazardous for the surrounding environment. It cannot be decomposed by nature.

Read more: Top 10 best recycling business ideas.

In today’s date, plastic pollution is increasing day by day. Because of mankind. We generate more plastic every day. Each product we buy generates plastics. Plastic covers, plastic bottles, plastic cups, plates, and many more.

Plastic recycling business plan
Plastic recycling business plan

Plastic use a lot’s of plastic products in our day to day life like toothbrushes, mug, plastic cups and plates, bucket, tub, containers, plastic covers, polybag, and many more like this.

The usage of plastic has kept on rising. And now we cannot live without them. It’s a part of our life.

Plastic is a non-biodegradable substance. It is also a toxic substance. because when we burn it, its flumes pollute the atmosphere and it causes pollution and also many diseases to every living creature on earth.

We need to be worried about plastic pollution. Because in upcoming days, it can go out of control. No one can save the earth then.

Global leaders are showing deep concern about this global plastic pollution and they come up with a solution in various ways. We can solve this problem by recycling plastic waste. One can make wealth from waste, isn’t it interesting?

Director-General of WWF Marco Lambertini said, “The wasteful & greedy nature of our consumerism has made plastic become a threat to the natural environment, our health, and our society. We must reduce, recycle & substitute!”

Recycling plastic will help to clean our environment but you can earn a good amount of money because it has an immense opportunity with the least risk. Every business makes an effort to minimize its risk and maximize profit.

Plastic is not biodegradable. It takes several decades for plastic to degrade itself. We have studied science. People can’t stop using or disposing of plastic anyway. Plastic is causing global warming, land, water, and air pollution earth. Burnt plastic releases toxic smoke which is unsafe for us to inhale.

Why it is important to recycle plastic?

The whole world is surrounded by plastic waste and it has a huge negative impact on the natural environment. plastic waste is polluting oceans, land. Many animals die every day because plastic enters their food chain. That’s why it is necessary to recycle plastic.

Plastic Waste Recycling means it converts the plastic scrap into a useful product. Or it is a technique that helps in the minimization of plastic waste.

Changing demands in the market have made the recycling market less lucrative than it once was. The Association of Plastic Recyclers will help you to get reliable information about plastic waste recycling.

The online database at the Association has a complete list of buyers and sellers of scrap plastic.

You can look for buyers and you can start your search through the database and identify companies that would buy your plastic waste.

Take advantage of the Plastic Marketplace online portal to find markets for plastics. The association of Marketplace tracks pricing for different types of plastic scrap.

You can see the list of prices paid for everything from non-sorted to the highest sorted plastic on this website portal.

It will help you to search for buyers in a specific city. They do not list their pricing.

Do you know? An emerging brand in the PET industry.
It is Green India Polymer is a global PET marketing and distribution company.
they have tied with the world’s leading producers and users of plastics and chemicals.

The Green India Polymer has an annual turnover of 4 million dollars. It is huge, isn’t it? this young profitable organization recycles around 1000 MT of plastic every month. And they produce PET Flakes and PET Resins or Granules.

The company exports its resins to its clients based in the United States, Canada, Mexico, Morocco, etc. Green India Polymers has become the number one recycling company among its various competitors in the global recycling industry.

What could plastic recycling look like in 2030?

The BPF has forecasted the end-of-life destinations for plastic in 2030. BPF shows no reliance on low-quality exports of plastic waste. The plastic waste that is exported would be less than half of the current figures.

There are three main types of recycling primary, secondary, and tertiary.

Primary recycling is known as closed-loop recycling. It is the process of turning one thing into more of the same thing, like paper into more paper or soda cans into more soda cans.

Secondary recycling means turning plastics waste into other plastic products made of the same material.

Tertiary or chemical recycling means it requires breaking materials down chemically to produce very different products.

How plastic recycling plant works?

Collect the plastic waste and dump it in your location

Sort and separate the plastic waste like PVC, LDPE, etc.

Start grinding the waste

Compress and melt the grinded product

Filter the melted plastic

Form pellets

Cool the pellets

Pack them in bags

Sell the recycled product to plastic products manufacturers

I have mentioned all step which followed in a plastic recycling plant.

Manufacturing products from the plastic waste recycling business.

Lots of today’s products are being manufactured with recycled content. We use recycled products but we don’t know what are they. Here is the list of common household items that contain recycled materials include:

  • Aluminum cans
  • Car bumpers
  • Carpeting
  • Cereal boxes
  • Comic books
  • Egg cartons
  • Glass containers
  • Laundry detergent bottles
  • Motor oil
  • Nails
  • Newspapers
  • Paper towels
  • Steel products
  • Trash bags

What are the requirements for opening a plastic waste recycling plant?

Basic requirements to set up a plastic waste recycling plant business in India

Open up your plastic recycling plant in a separate place. It should be a decent space where you can keep all the waste and equipment and utilities that you need.

The second thing required is a closed space or a godown.

The next thing you required is the equipment and machinery. With the help of this, you can recycle plastic waste.

We need plastic waste, that’s what we gonna need to recycle. To make that happen, you’ll need a network of plastic waste suppliers. They will supply the specified amount of plastic waste to you.

Land Requirement:

We have mentioned earlier a land requirement but it depends on what scale your plant will operate on. If you are going to start with small-scale recycling then it requires a small space of around 1000sqfeet. And if you want to start with a large-scale recycling plant then it requires a 5000 sq. feet area.

Requirement of another Utilities in a plastic recycling plant.

You will need a proper electric connection, water supply, generator, tools, machines, compressor, furniture, etc.

Technician and Labours:

a technical person who can run a recycling machine. Hire a technician. There is a need for labor for collecting plastic waste.

What licenses will you need to set up a Plastic Waste Recycling Plant?

  • Company Incorporation
  • GST Registration
  • Authorization from SPCB
  • Registration Under PWM (Connect with the team for full documentation)
  • Documents you will need for registration of plastic waste.
  • GST Certificate
  • Company Incorporation Certificate (for Pvt ltd / public ltd
  • Authorized Signatory Aadhar Card
  • Authorized Signatory Pan Card
  • Electricity Bill
  • Layout Plan
  • MOA (for Pvt ltd / public ltd)
  • Topo map
  • Water Bill
  • Rent Agreement/ Property Paper
  • Documents Required For Manufacturing Of Plastic Raw Material
  • Aadhar & Pan Card Authorized Signatory
  • GST Certificate
  • Valid CTE & CTO
  • DIC or DCSSI Certificate
  • Identifying different types of plastic

Plastic can be separated into two categories: Hard and Soft.

In Australia, you can identify plastics through the use of the Plastics Identification Code. This code makes it easier to identify and separate used plastics for a range of new applications.

Hard Plastic
What is hard plastic?
Hard plastics are rigid items. It is difficult to bend or “scrunch” and might even crack if you apply too much force to it. Types of hard plastic – Plastic bottles, Milk & juice containers, PET packaging, PET drink containers & crates.

where does hard plastic go?

Hard plastic gets put in dedicated plastic waste bins, co-mingled recycling bins (yellow lids and signage). Soft plastics are not allowed in these bins.

SUEZ plastic recycling bins

SUEZ Co-mingled waste bins

What is soft plastic?
Soft plastics can be easily identified by the “scrunch test”. If you can easily “scrunch” the item into a ball then it can be identified as soft plastic. Types of soft plastic, Shrink-wrap, Bubble-wrap, Plastic bags.

Plastic waste recycling investment cost.

What is the investment cost of plastic waste recycling?
You will have to invest around 25-30 lakh rupees to start a plastic waste recycling business in India. Here is a list of some investment factors. Take a look once.

  • The grinder -Rs 80000
  • Anglo – Rs 80000
  • The granule maker -Rs 9 lakhs including granule cutter.
  • For electricity connection- 2 to 3 lakhs.
  • The building construction -8 to 10 lakhs.
  • For boring, 20 to 50 thousand depending on the water level.
  • You will have to take permission from the pollution control board for which they will take some fee.
  • And weighing machine, sack stitcher, etc. for 20000 and some other expenses.

The disadvantage of plastic waste recycling

Environmental Impact.
Each piece of recycled plastic is an environmental threat. The process of melting down and recycling plastic produces VOC (volatile organic compounds) fumes that can harm plant and animal life near the industrial site.

Carbon also generates in this process because of heat, which contributes to global warming. Recycling center workers may discard improperly unrecyclable plastic, which includes pieces that contain food waste.

Health Problems
The same VOCs that cause plastic recycling to harm the environment. Plastic resin, which is part of the manufacturing and recycling process, and comes from petroleum, can leach into foods stored in recycled plastic containers. which could cause some diseases to human beings.

Downcycling
Downcycling means that the plastic, instead of becoming another new container, instead becomes a different, less useful product.

Waste
After downcycling, plastic is generally unfit for another round of recycling. This means that it should end up in a landfill because of secondary use as a less useful product. Downcycling simply delays the process of recycling.

Plastic waste recycling business profit margin:

how much profit can you make in plastic waste recycling business?

plastic waste recycling business is a profitable business idea. any individual can make 1.5 to 2 lakh rupees return on investment with this plastic waste recycling business.

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