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Plastic waste to jump 10x on packaging

May 23, 2023

NEW DELHI: India’s plastic waste accumulation is projected to jump 10 times by 2030, rising to 217 million tonnes, driven by packaging material, a new report has estimated.The Harsh Mariwala-founded Marico Innovation Foundation’s report ‘Innovation in Plastics’ has also estimated the lifetime cost of plastic at $3. 7 trillion, with over 80% coming from mismanaged waste costs that results in marine plastic pollution, impacts fishing and tourism and adds to the cost of cleaning up.The report makes a case for a major thrust to circular economy and finding biodegradable solutions. “Circular economy will have a larger impact in the short term. In the long run, there can be a transition towards bio-plastics,” said Mariwala.

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