At one point, there is a threat and disaster for the environment as the magnitude of plastic continues to grow at an alarming rate. Global leaders are deeply concerned about this global munch. They are attempting to find solutions in a variety of ways. The most effective way to address this issue is to recycle plastic waste and turn waste into wealth.
Do you want to start a plastic recycling company in India? This post is solely for you!
Recycling plastic will not only help to reshape and clean the environment, but also form the circular economy. It will allow you to earn a lot of money as it offers a huge opportunity with the least risk as well.
This article will walk you through the entire process of starting a plastic recycling business in India. Make sure you read till the end to learn everything step-by-step.
1. Start with the Research
The recycling market is new and has received little attention thus far. It is preferable to conduct market research on their functions in order to better understand their work. Look for a plastic company that is willing to collaborate with you and is willing to pay for recycled plastic.
The best thing to do is educate yourself on the various types of plastic. Also, their demands, and the market value of recycled plastic. All of these things will give you a better understanding of the Indian industry.
2. Create a Business Plan
Make a plan, contact NGOs, or talk to a local volunteer who can assist you in collecting the plastic. You can contact various authorized recycling bin placements to receive more plastic waste. Plan everything around the area where you want to start your business.
Also, talk to different shops or organizations about obtaining waste plastic material. It is best if you plan how you want to move your business forward and contact people within the company for additional assistance.
You might need to interact with some reputable injection molding companies if you are starting on a bigger scale. And you have additional plans of treating plastic apart from recycling.
3. See Land Requirements
The amount of land required is determined by the size of your plant. If you want to recycle on a small scale, you will need a small space. On the other hand, if you want to recycle on a large scale, you will need a large piece of land.
4. Hire Technician and Labors
To carry out the entire recycling process, you will undoubtedly need a technical person who understands machine technology. Employ a technician, or a group of technicians, who understands how to work with machines and recycle plastic.
The specialists with more hands-on experience will be better at high-end technology such as ryd tooling. Make sure you hire experienced individuals to ensure quality check and output.
5. Gather the Right Equipment
Speak with an existing recycling business owner and inquire about the equipment required for this venture. You can look for the equipment online or offline. You would also need to equip the location with the necessary items for the employees. Shredders, crushers, extruders, solar dryers, and washers are commonly used machines. You’d also need a large vehicle to transport it, so factor that in as well.
6. Location & License
If you have decided and made plans to carry out this profitable business, make sure you obtain a business license. Determine a location that you believe would be suitable for a plastic recycling company; obtain a license for that location.
Make sure the location you choose has enough space for the equipment to be installed. It is critical that you consider taking up a location that is not in a congested area.
7. Start With Promotion
It is critical to promote your business. Well, promoting a business like this would necessitate assistance from a local NGO and volunteers. They can help promote it at different non-profits, parks, and schools, among other places.
Getting it online on all social media platforms would also help to raise awareness and get people involved. You can also contact schools and start a plastic collection program there. To get the waste plastic supply on a regular basis, you would need to maintain regular contact with volunteers, schools, or parks.
8. Get Ready for the Challenges
Some of the major challenges in the plastic recycling business are the existence of mixed plastics and the collection of good quality used plastic. Impurities in plastic, uneconomical and inefficient recycling of mixed plastic are some other challenges you might face. The biggest ones are sorting, and convincing big brands to use recycled plastic.
9. Know About the Profits
After 3 to 4 months of operation, significant profits can be realized. Maintain good relations with both the plastic supplier and the reused plastic consumer to increase your profit margins. This ensures continuous business throughout the year.
You can continue by establishing your own production unit for polythene bags, single-use plastic items, and the list goes on. Connect with the owners of plastic bottle recycling businesses to better understand the operational challenges. Also, to get advice on how to overcome them.
10. Sort Out Requirement of Utilities
You’ll need proper utilities to run your plastic waste recycling plant if you get a separate location for it. The most important requirement is a proper electrical connection.
Another critical factor is adequate water supply. You can keep a proper generator on hand in case of an emergency. Other items include recycling parts, a compressor, small tools, machines, furniture, and so on.
Once you’ve met all of the regulatory requirements, you can start thinking about getting a place to work and a vehicle for your company. Whether it’s for storage and sorting, or a small lock-up for smaller-scale recycling. Business premises and vehicles will be subject to their own set of rules.
So, when deciding what kind of facilities you might require, make sure to research these. Once you have your paperwork, premises, and vehicles in order, you should be able to start your own recycling business in India. Best wishes!