China and the US were absent from treaty discussions on production limits, with the US likely shifting its stance post-Trump's victory. The petrochemical industry, heavily represented at the talks, opposes ambitious treaty measures, focusing instead on waste management while ignoring the need for production caps, which could exacerbate plastic pollution and health risks. As fossil fuel demand declines, plastics are seen as a profitable alternative, raising concerns about environmental and health impacts.
The Indian medical plastics market is projected to reach USD 38.20 billion by 2030, growing at a CAGR of 17.4% from 2025 to 2030, driven by increased healthcare spending and rising demand for medical devices. Rigid plastics dominate the market, holding over 70.9% of revenue in 2024, while soft plastics are expected to grow at the highest rate due to demand for various medical applications. However, challenges such as waste management and environmental concerns may hinder market growth.
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