Chemco

What Chemco does

Chemco is an India-based plastics manufacturer headquartered in Mumbai that has repositioned around bottle-to-bottle PET recycling and food-grade recycled PET (rPET) resin production. Founded in 1980, the company historically produced cosmetic bottles, dispensers, containers, jars, caps, shrink wraps, and films, and has now extended into processing post-consumer PET bottles into food-grade rPET resin suitable for direct food-contact packaging applications. Its core product line is food-grade rPET resin manufactured at a newly commissioned facility in Sanand, Gujarat, using Starlinger bottle-to-bottle recycling technology with capacity to process over 1 billion post-consumer PET bottles annually. The company also operates a May 2025 joint venture with Kandoi Group of Industries, committing USD 54.4 million to two additional renewable-energy-powered PET recycling plants in Gujarat that will add capacity for over 10 million bottles daily.

Chemco holds authorization from the Food Safety and Standards Authority of India (FSSAI) to manufacture food-grade rPET resin under the Food Safety & Standards (Packaging) Regulations, 2018, placing it among a select group of Indian producers permitted to supply rPET for direct food and beverage packaging. The company is pursuing a B2B sales model targeting brand owners and packaging manufacturers in India, positioning its offering to help customers comply with India's Extended Producer Responsibility (EPR) mandates requiring 40% recycled content in Category I rigid plastic packaging by FY 2026-27 and 60% by FY 2028-29. Revenue is generated through hardware sales of rPET resin and recycled materials to consumer goods companies and food & beverage brands, with pricing not publicly disclosed. Geographic focus is exclusively domestic (India), with no international footprint indicated in available sources.

Name

Chemco

Website

https://chemcogroup.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Chemco is an India-based plastics manufacturer that processes post-consumer PET bottles into food-grade recycled PET (rPET) resin using Starlinger technology. It serves brand owners and packaging manufacturers in India seeking to comply with mandatory recycled-content regulations for food-contact packaging.

Ownership category

akta.pro rank

Product category

Plastic Packaging Manufacturing

NAICS

Plastics Material and Resin Manufacturing (325211), Plastics Product Manufacturing (3261)

SIC

Miscellaneous Plastics Products (3080)

akta.pro primary industry

Food-Grade & rPET/rHDPE Recycling (Decontamination/SSP, Bottle-to-Bottle) (EUAIAKAD)

akta.pro secondary industries

Recycled Resin Trading & Distribution (PCR/PIR Commodity Markets) (EUAIAKAK), Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA), Recycled-Content Plastic Packaging (rPET, rHDPE, rPP) (IMALAMAC)

Keywords

• Plastic packaging manufacturing
• PET bottle recycling
• Food-grade rPET resin
• Bottle-to-bottle recycling
• Recycled plastic containers

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Food-grade rPET resin sales: Chemco generates revenue by manufacturing and selling food-grade recycled PET (rPET) resin produced from post-consumer PET bottles to brand owners and packaging manufacturers requiring compliant recycled materials.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Chemco Group manufactures and sells plastic packaging products (bottles, containers, jars, caps, films) and operates a bottle-to-bottle PET recycling business that converts post-consumer PET bottles into food-grade recycled PET (rPET) resin. The company serves brand owners, packaging manufacturers, and consumer goods companies in India, with a major recycling facility in Sanand, Gujarat using Starlinger technology capable of processing over 1 billion post-consumer PET bottles annually into food-grade resin.

Product overview

Chemco Group operates a bottle-to-bottle recycling business that processes post-consumer PET bottles into food-grade recycled PET (rPET) resin for food-contact applications. The company's primary product is its food-grade rPET resin, manufactured at its recycling facility in Sanand, Gujarat. The product supports brand owners in meeting India's mandatory recycled-content requirements under the Plastic Waste Management Rules.

Differentiator

Problem solved

Functional benefit

Products and services

• Food-Grade Recycled PET (rPET) Resin Food-grade recycled polyethylene terephthalate (rPET) resin produced from post-consumer PET bottles through bottle-to-bottle recycling, intended for brand owners, packaging manufacturers, and consumer goods companies requiring compliant recycled material for direct food-contact packaging applications.

Quantifiable outcome

• Processing capacity of over 1 billion post-consumer PET bottles annually
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Kandoi Group of IndustriescoreStrategic or Co-development Partner · 1 May 2025Chemco Group entered into a joint venture with Kandoi Group of Industries in May 2025 to invest USD 54.4 million in establishing two renewable-energy-powered PET recycling plants in Gujarat. The facilities will have a combined capacity to process over 10 million PET bottles daily, expanding Chemco's production capabilities and sustainability positioning.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• ALPLA Group: Global plastic packaging manufacturer with growing rPET and recycled-content packaging capabilities. Comparable as a large-scale converter integrating rPET into food and beverage packaging for brand owners globally.
• Indorama Ventures: Global PET and rPET producer with operations across packaging, fibers, and recycling. Comparable as a much larger incumbent setting global rPET benchmarks and competing with Chemco for multinational brand-owner accounts, particularly for export-oriented FMCG customers.
• Veolia Environnement: Global environmental services and waste management major with PET recycling operations. Comparable as a large-scale PET recycler with collection infrastructure and food-grade rPET output, operating as an incumbent that competes for brand-owner offtake worldwide.

Direct peers

• Srichakra Polyplast: India-based recycled PET resin producer serving packaging applications. Directly comparable to Chemco in rPET resin production for food-contact and consumer packaging customers in India.
• Dhunseri Petrochem: Indian manufacturer of PET resin and rPET with bottle-grade applications. Directly comparable in producing PET/rPET resin for packaging, with overlapping food-contact applications and India-focused customer base.
• Ganesha Ecosphere: One of India's largest rPET manufacturers producing recycled polyester staple fiber and chips from post-consumer PET bottles. Directly comparable to Chemco in feedstock (post-consumer PET), recycling technology, and customer overlap with Indian F&B and textile brands.
• Enviro Infra Engineers: India-based environmental services and recycling company with PET recycling operations producing rPET for packaging applications. Comparable as a domestic competitor chasing India's recycled-content mandates.
• Polyspin Exports: India-based rPET and recycled polyester manufacturer processing post-consumer PET bottles into fiber and chips. Comparable in feedstock sourcing, processing scale, and serving similar packaging and textile end-markets as Chemco.

Emerging players

• CarbonLite: US-based bottle-to-bottle PET recycler producing food-grade rPET for beverage brand owners. Comparable in technology (bottle-to-bottle), food-grade rPET output, and direct brand-owner customer model, though geographically distinct.
• CarbonLite / PolyQuest (combined rPET category): PolyQuest is a US-based recycler producing food-grade rPET and recycled resins. Comparable in technology and food-grade rPET supply model for packaging customers, though serving North American markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/chemcogroup
• Facebookfacebook.com/chemcogroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chemco