🔎 Overview
An emerging sustainable construction segment: bricks made from recycled plastic and industrial by-products. Demand is driven by environmental concerns, circular-economy policies, and green-building mandates. Get up to 10 crores of funding for getting incubated for this idea.
🏗️ Market Landscape
- India eco-friendly bricks market valued at US $37.1 million (₹310 Cr) in 2024, projected to grow at a 6.8% CAGR, reaching US $67.2 million by 2033. Source: imarcgroup.com.
- Broader Indian concrete/block market is ~US $2.53 billion in 2023, with ~5.5% CAGR Source: maximizemarketresearch.com.
- The Overall recycled-plastics sector reached US $2.15 billion in 2023.
🏢 Leading Indian Players & Funding
| Startup | Location | Funding Raised | Notes |
|---|---|---|---|
| Zerund | Assam | US $1 M (2022 seed); US $2.78 M (current) | Produces lightweight blocks; targets 23 million bricks/year by 2026 |
| Angirus | Rajasthan | ~₹80 L grant support | Known for “Wricks” (waterproof bricks + plastic waste) |
| RecycleX, Rhino Machines, PlastiQube and others are active innovators, though specific financials are not yet public. |
📊 Financial Snapshot
- Zerund (2022): ₹7.8 Cr seed funding
- Funding valuation: Now valued at ₹67.5 Cr per latest round
- Revenue & Margins: Recycling businesses often operate at 10–20% profit margins (typical of mechanical recycling)
💵 Sales & Profit Estimates
- Zerund currently produces ~2.5 million bricks/year; at ₹20/piece → Revenue ~₹5 Cr annually. Plans to scale to 23 million bricks by 2026 for ₹46 Cr/year
- Industry-wide recycled-plastics demand driven by government EPR laws, green certifications, and rising sustainability mandates.
📈 Demand Drivers
- Environmental & regulatory push: Green building codes (LEED, GRIHA), EPR mandates, government incentives.
- Construction boom: Infrastructure growth increases brick demand; eco-brick segment growing ~7% annually.
- Cost & carbon advantage: Waste plastic reduces raw-material costs, cuts carbon emissions vs clay bricks.
- Technological advances: Interlocking, fly-ash blends, solar-powered production—all boosting acceptance.
✅ Why This Is a Strong Incubation Idea
- Huge market potential: Small segment now (~US $37 M) with forecasted doubling by 2033.
- Scalable model: Low capex; modular production; raw-material leverage from plastic waste.
- Funding traction: Startups like Zerund and Angirus have successfully raised significant early-stage capital.
- Real-world applicability: Strong alignment with national objectives like plastic reduction and sustainable housing.
🧭 How to Apply?
If you’re excited to build your startup around this idea, apply through the official StartupLanes Incubation Programme.
👉 Visit: StartupLanes Incubation for getting the details
You’ll find full details about the process, application steps, selection criteria, and funding support.