On 15 October 2026, the country's largest PET recycler cleared its fourth food-grade recycled-PET line, part of a wave of capacity built to meet the rule that food and drink brands must use 40% recycled plastic in 2026-27. India now has about 17 FSSAI-approved food-grade rPET plants with roughly 3 lakh tonnes a year of capacity, heading towards an estimated 7.5 lakh tonnes by March 2027. But a food-grade plant cannot run on just any bottle. It needs clean, clear, well-sorted PET, and that is exactly the material the collection chain is worst at supplying. The bottleneck is no longer plants. It is feedstock.
Recorded ship traffic through the Strait of Hormuz is still a small fraction of what it was before the Iran war began on 28 February 2026. On 6 October 2026, only seven commodity vessels crossed, the fewest since 23 July, and attacks on tankers hit their highest weekly level of the war. In India the effects came in waves. Plastic raw material prices rose by half or more within weeks. The government waived import duty and then let the waiver lapse. Small plastic factories shut lines, and recycled plastic became more competitive on price. Recyclers say the gain is uneven, because brands are slow to buy and clean PET bottles are hard to find. This is how the story has run so far, and what it means for people who collect, sort and recycle.
September has closed, and each of our four material reports tells a different story. Copper went nowhere after a $750 swing, polymer prices rose round after round, lithium lost a quarter of its value, and Punjab's harvest season has begun. Here is the month in one page, with a link to the full report for your material.
Indian polymer makers revised prices on at least seven separate days in September, and Reliance and OPaL announced another increase for 1 October. At the same time, a film maker cut packaging film prices twice. Oil touched $104 before easing to about $99. Here is what the month's numbers say for converters, recyclers and collectors.
September changed the ground rules for India's scrap and recycling trade, from Brussels and Beijing to New Delhi and Punjab. Europe drew a line on metal scrap, India tightened its own import checks, oil above $100 made new plastic dearer, and a fixed biogas price gave straw a ten-year market. Here are the ten changes that matter most, ranked, with what each means and who it affects.
Reliance and IVL Dhunseri raised virgin PET prices by ₹2 a kg from 24 September 2026, with Brent crude above $100 a barrel. It lands at the halfway mark of the first year in which rigid plastic packaging must carry 40% recycled content. In May 2026, recyclers said a fifth or more of their food-grade capacity was idle, while an industry body representing beverage makers says supply falls short. Dearer virgin resin weakens the cost case for waiting and gives more bargaining power to whoever holds clean PET bottles.
Big recycling plants are struggling to find enough clean bottles. This is a big shift for sellers, who can earn more for quality, and buyers, whose costs are rising.
