“Adoption of Recycled PVC Plastic (rPVC) and Ocean Plastic”
The plastic cards market is evolving with a strong emphasis on eco-friendly and sustainable card solutions, driven by growing environmental concerns and regulatory initiatives. A key trend shaping the industry is the adoption of recycled PVC plastic (rPVC) and ocean plastic in card manufacturing, reducing the reliance on virgin plastic. Financial institutions and card manufacturers are actively integrating sustainable materials to align with corporate social responsibility (CSR) goals and meet consumer demand for green alternatives. For instance, Punjab National Bank (PNB) launched the PNB Palaash Debit Card, made from rPVC, to minimize environmental impact. Similarly, Cynergy Bank introduced a sustainable banking debit card crafted from Parley Ocean Plastic, reinforcing its commitment to Environmental, Social, and Governance (ESG) principles. As global regulations push for sustainable innovations, leading card providers continue investing in biodegradable, recyclable, and carbon-neutral solutions, reshaping the future of the plastic cards market while ensuring security and durability.
