Single-Use Plastic Ban And Its Impact On Packaging Industry
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The Indian government's plan to ban single-use plastic if enforced will affect nearly 10,000 plastic manufacturing units. The proposed ban will also have an imminent threat on the future of the 3-4 lakh employees working in this industry. By Gaurav Jalan, Founder-Director, Packman Printing and Packaging It is estimated that there are about 50,000 plastic manufacturing units in India and about 90% of these are MSMEs. This ban on single-use plastic will affect a large number of industries including FMCG, auto, infrastructure, and many more. Nearly 43% of the plastic usage is for packaging, and mostly single-use. India's FMCG sector, which is highly dependent on plastics, is expected to suffer the most. The industry is already dealing with a consumption slowdown, and this alternate packaging may force up costs even more. Almost all the top FMCG companies will be affected due to this. Though there is still, no clarity on which things fall under the bracket of single-use...