India's regulations will grow plastic credit market

India's plastic credit market is forecast to reach $1.67 billion by 2030, a 70% increase, due to new regulations mandating recycled content in plastic packaging. This growth is fueled by extended producer responsibility rules requiring companies to use recycled materials, boosting the demand for plastic credits. Challenges remain in sourcing quality recycled plastic and managing the reverse logistics of collecting waste. Experts highlight the need for efficient collection systems to support recyclers and ensure the market's expansion, despite potential cost increases for packaging.