The plastics industry has developed considerably since the invention of various routes for the production of polymers from petrochemical sources. Plastics have substantial benefits in terms of their low weight, durability and lower cost relative to many other material types. A major portion of plastic produced each year is used to make disposable items of packaging or other short-lived products that are discarded within a year of manufacture. These two observations alone indicate that our current use of plastics is not sustainable. Recycling is one of the most important actions currently available to reduce these impacts and represents one of the most dynamic areas in the plastics industry today. Recycling provides opportunities to reduce oil usage, carbon dioxide emissions and the quantities of waste requiring disposal.

Plastic recycling refers to the process of recovering waste or scrap plastic and reprocessing it into useful product. Due to the fact that plastic is non-biodegradable, it is essential that it is recycled as part of the global efforts to reducing plastic and other solid waste in the environment.

Markets and uses for recycled plastics are rapidly expanding. Plastic containers are being collected at the curb for recycling in nearly 500 communities, representing more than 4 million households. Demand for recycled plastic will continue to expand and new markets will develop as technologies permit the efficient segregation and reprocessing of high-purity resins. Improved quality of resins, environmental issues and higher prices for virgin resin will contribute to growth.

Waste is now a global problem, and one that must be addressed in order to solve the world's resource and energy challenges. Plastics are made from limited resources such as petroleum, and huge advances are being made in the development of technologies to recycle plastic waste among other resources. Mechanical recycling methods to make plastic products and feedstock recycling methods that use plastic as a raw material in the chemical industry have been widely adopted, and awareness has also grown recently of the importance of Thermal recycling as a means of using plastics as an energy source to conserve petroleum resources.

Plastics have their impact on the environment through all stages of their existence from manufacture, to utilization and disposal. Manufacturing requires significant quantities of fossil fuels, a non-renewable resource. Burning of plastic releases smoke which contaminates the environment. The smoke contains small particulates, hazardous substances and green house gases.

The disposal of plastics products also contributes significantly to their environmental impact. Most plastics are not biodegradable and can persist in the environment for many years. Plastics can cause blockage of drainage and sewage systems resulting in water logging, flooding and spread of water born diseases. With more and more plastics products, particularly packaging, being disposed of soon after their purchase, the landfill space required by plastics waste is a growing concern.Thus, due to demand it is a good project for entrepreneurs to invest.

Few Indian Major Players are as under

·         Aadi Industries Ltd.

·         Electro Polychem Ltd.

·         K S M Exports Ltd.

·         Khaitan Mercantile Ltd.

·         Petro Plast Industries Ltd.

·         Promising Exports Ltd.

·         Rishi Techtex Ltd.

·         Shree Datta Inds. (India) Ltd.

·         Shyam Textiles Ltd.

·         Suprapti Plastics Ltd.

·         Tarajyot Polymers Ltd.

·         U I C Udyog Ltd.

·         V H C L Industries Ltd.

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