Manjushree Technopack announces recycling packaging plant; to collaborate with FMCG industry

New Delhi: Packaging company Manjushree Technopack, which caters to multiple consumer goods companies including Reckitt Benckiser, Procter & Gamble, Nestle and Coca-Cola, on Monday announced the commencement of its first recycled packaging plant, a move it said was aimed at collaborating with the FMCG industry to step up eco-friendly packaging.
The company said it will replicate the recycling manufacturing line across the country.The exercise, it called “Born Again”, will deliver recycled packaging material to the FMCG industry, and is vertically integrated with the plastic waste collection ecosystem, the company said in a statement.

Manjushree Technopak chief executive Sanjay Kapote said: “Brands are looking for reliable solution providers to help them with post-consumer recyclable waste material. We are very keen to support the circular economy.”

Industry projections estimate the demand for post-consumer recylables to grow from US $7.7 billion in 2019 to US $10.2 billion by 2024. “The biggest factor hindering this is unorganised waste collection and segregation mechanism leading to scrap contamination,” the company said.