Amid a growing debate over impact of single use plastics on environment, paper offers a sustainable option and can capture a fourth of the Rs 80,000 crore single use plastics market by 2025, if its use is totally banned by the government, a new study said. India generated 26,000 tonnes per day of plastic waste in 2017-18, of that only 60 per cent was recycled and the rest ended up as litter on roads, in landfills or streams. Single use plastic industry is close to Rs 80,000 crore right now and growing. Packaging accounts for a third of India’s plastic consumption, and 70 per cent of plastic packaging is turned into waste in a short span. “Paper industry is going through the transformation phase and now the paper industry uses less power and water due to technological changes. Cost of production of recycled paper is at least 30 to 40 per cent cheaper depending upon the location than the recycled plastic,” J P Narain, VP, Indian Paper & Manufacturers Association and CEO of Century Paper said. There is a big opportunity for paper industry as single-use plastic market in India is close to Rs 80,000 crore. Paper industry is ready to take 25 per cent market share of single-use plastic by 2025 if totally banned by the government.

(Business Standard)