Economic viability analysis of recycling waste plastic as aggregates in green sustainable concrete

•Recycling plastic waste as partial replacement of natural aggregates in concrete.•Material flow diagram using STAN for determining plastic waste generation.•Economic analysis of concrete considering direct, social and environmental costs.•Total cost decreases with increase in replacement without compromising strength.•Economic and environmental sustainable method of plastic waste management. Plastic waste management is one of the major global challenges at present. Recycling single used plastic waste as partial replacement of natural aggregates in concrete may reduce problems regarding mismanagement of plastic waste and unsustainable utilisation of natural resources as aggregates. This concept has been explored in many studies and positive results are obtained, but it has not been materialized at a large scale due to the uncertainty regarding economic viability. The present study therefore focuses on the economic aspects of using Polyethylene based fine aggregates and Polyethylene Terephthalate based coarse aggregates as partial replacement (10%, 20%, 30% and 40%) of natural fine and coarse aggregates separately and simultaneously, with special emphasis given on environmental and social cost. A material flow diagram using STAN is first developed to calculate plastic waste generation. An industrial survey has been conducted to estimate production cost of plastic aggregates, while social cost as WTP is determined through CVM method. The result shows that the total cost of concrete decreases with increase of replacement percentage and cost reduction varies between 0.65% and 7.58% compare to conventional concrete depending on the percentage and type of replacement without compromising strength. So, alongside being hugely beneficial to environment and society in terms of reduction of leachate and greenhouse gas generation, micro-plastic pollution, requirement of landfill area, mosquito borne diseases, erosion, sedimentation, land loss etc.; the concept of recycling plastic waste as partial replacement of natural aggregates in concrete has been proved to be economically viable and beneficial too.