Plastic is a polymer, it is a non-biodegradable material, harmful to the surrounding environment. Unlike biodegradable materials, plastics do not break down naturally. The world we live in today is surrounded by billions of plastic products. If we look back at how many things we use today, we can easily see that most of the things we encounter are made of plastic. Therefore, recycling plastic bottles and other products provides a huge business opportunity for us. Plastic recycling can be very profitable with proper business planning.
How to start plastic recycling business?
There are several steps you need to take to start a plastic recycling business. Follow these steps to make a profitable plastic recycling business in the country.
1. Conduct a thorough market research
If you want to start a plastics recycling business in India or anywhere in the world, you need to conduct a thorough market research. The recycling business in India is relatively new and has not yet been taken seriously; therefore, it is best to conduct an in-depth study of the market, its functions and objectives to better understand how it works.
You break your research into sections and then read papers and articles to examine the data. After that, conduct research, visit current recycling operations, fill out questionnaires, meet with consultants, and answer your questions before developing a plastics recycling business plan.
If you are planning to start a plastics recycling plant, the first thing you need to do is learn about the many forms of plastics. The following are the most common types of plastics you should know about.
- Polyethylene terephthalate (PET or PET)
- High-density polyethylene (HDPE)
- Polyvinyl chloride (PVC or vinyl)
- Low-density polyethylene (LPE)
- Polypropylene (PP)
- Polystyrene (PS or foam polystyrene)
2. Develop a plastics recycling plan
Developing a business strategy is key to running a plastics recycling business. Every organization, including this one, needs a concise plan. The following is a list of things to consider before starting a plastics recycling business.
- First, consider the requirements for a plastic waste recycling company.
- Examine the overall investment required to establish a recycling plant.
- Determine if a plant or land is needed.
- Start collecting plastic waste.
- For equipment and utilities, determine the need for a plastic recycling business Art St.
- There are different types of plastic waste; therefore, decide which plastic waste you will recycle.
- Evaluate the profitability of plastic recycling.
- Make sure you have conducted a thorough study of the return on investment.
Create complete project reports on sourcing, financing, location, internet retailers, advertising, branding, marketing and revenue streams.
3. Register your company in your state
To start a plastics recycling plant, contact the Secretary of State’s office and register your company name in the state where you plan to operate. You can register your business by submitting the required documents.
4. Determine the location and obtain an LIC
Now that you have set your goal of launching a plastics recycling business, it’s time to choose a location. You must choose an ideal location to set up your business. Ideally, a warehouse, company or factory with enough space to house its equipment and machinery, or an industrial area or government land in a crowded community are not suitable locations. You will be able to network with other businesses, making sales easier, and you will have a steady supply of electricity, water and transportation to run your recycling business efficiently.
5. Invest in plastic recycling equipment
After receiving your paper, you can begin investing in plastics recycling equipment such as separators, shredders, sack sewers, crushers, pre-wash systems, pelletizers, rinsing systems, and dryers. The selection of machinery and equipment is critical to the smooth running of the entire operation and to increase production. The total cost of the equipment and machinery is estimated to be about $2.5 million, which can be covered by loan or EMI. 6.
Twin Shaft Shredder Machine for Plastic Recycling
Twin-shaft shredder is widely used for recycling of waste plastics, waste rubber, wood and other bulky waste. Through the shearing of this machine, the stack density of materials can be increased and transportation costs can be reduced. After crushing, the materials can be further processed by other equipment, such as material separation and cleaning.
6. Promoting your business
Once you have everything ready and your company is up and running, you will need to market it to potential customers. It is important to market your business, and to promote a company, you need the help of local NGOs and volunteers. Promote your plastic recycling business, both online and offline. To raise awareness, you can create a website, print brochures and distribute them. This will help encourage others to participate in social media platforms
Also Read: Is Tire Shredding Profitable?
Plastic Recycling Process
Now that we’ve learned how to set up a plastic recycling business and why recycling plastic is important, let’s move on to the next step. Let’s take a look at how plastics are recycled. Recycling plastics has improved dramatically in recent years and can be broken down into five distinct phases.
Stage 1: Collection
The collection of post-consumer materials from homes, malls, schools, businesses, institutions and other locations is the first step in the recycling process. Municipalities collect these recyclables directly or through waste disposal contractors. Recycling centers are another collection method, where waste disposal contractors collect materials and place them in plastic recycling facilities. Plastic collection is critical to the proper functioning of the recycling system. The more recyclable plastics collected, the more products can be recycled and reused in new products.
Stage 2: Sorting
Once the collection process is complete, the collected plastics must be sorted, as not all plastics can be recycled, so it is important to separate recycled plastics from non-recyclable plastics. Other factors, such as color, thickness and application, should be considered when sorting plastics. Sorting takes place at material recovery facilities. The pieces can then be sent to a plastics recycling facility (PRF) for further sorting into different plastic types.
Plastics are sorted using a variety of technologies such as manual picking, roller screens, old corrugated cardboard screening, ballistic separators, magnet separators, optical sorters, sinker separators, etc.
Stage 3: Cleaning
Cleaning is an important step in the plastics recycling process because it removes contaminants that can destroy or damage a batch of recycled plastics. Cleaning makes the rest of the process smoother. Product labels, adhesives, debris, food scraps, and other impurities are usually targeted in this stage.
Stage 4: Shredding
Grinding or milling the plastic into small pieces is an important step in the recycling process. Depending on the classification and process of the shredder, plastics can be shredded in a variety of ways. Any residual contaminants can be cleaned up by breaking the plastic into smaller pieces. These plastic parts are graded and evaluated for quality before being selected for use in the manufacture of new products.
Stage 5: Extrusion
In this final plastic recycling process, the crushed plastic pellets are turned into a viable product for the manufacturer. Extrusion is the technique of melting plastic and pressurizing it through a machine called an extruder. After the shredded plastic is melted into pellets, it is sold to make 10 million rupees.
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