The India recycled plastics market size reached US$ 3,784 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,277 Million by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Plastic recycling refers to the procedure of collecting and reprocessing post-industrial plastic into useful products. Some of the common types of plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE). The generated waste goes through five stages, namely, sorting, washing, shredding, identification and classification, and extruding. Plastic recycling aims to reduce plastic pollution, minimize landfill dependence, conserve resources, and prevent greenhouse gas emissions.
The growing environmental consciousness and rising awareness regarding the harmful effects of plastic waste are majorly driving the recycled plastic market growth in India. Due to rapid industrialization, growing population, and continuous product innovations, plastic is extensively used in various end-use industries, which is further contributing to the market growth in the country. Additionally, the Government of India (GoI) is implementing policies and introducing recycling programs for controlling waste production and promoting sustainable plastic disposable solutions. Moreover, technological innovations, such as the adoption of artificial intelligence (AI) for sorting plastic waste and enhance the quality of recycled products, are positively influencing the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India recycled plastics market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on plastic type, raw material and application.
Breakup by Plastic Type:
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others
Breakup by Raw Material:
Plastic Bottles
Plastic Films
Rigid Plastic and Foam
Fibres
Others
Breakup by Application:
Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Plastic Type, Raw Material, Application, Region
Region Covered
North India, West and Central India, South India, East India
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The India recycled plastics market was valued at US$ 3,784 Million in 2022.
We expect the India recycled plastics market to exhibit a CAGR of 5.6% during 2023-2028.
The rising adoption of recycled plastics, as they aim in reducing plastic pollution, minimizing landfill dependence, conserving resources, etc., is primarily driving the India recycled plastics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for recycled plastics.
Based on the plastic type, the India recycled plastics market can be categorized into Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and others. Currently, Polyethylene Terephthalate (PET) accounts for the largest market share.
Based on the raw material, the India recycled plastics market has been segmented into plastic bottles, plastic films, rigid plastics and foams, fibers, and others. Among these, plastic bottles currently hold the majority of the total market share.
Based on the application, the India recycled plastics market can be divided into non-food contact packaging, food contact packaging, construction, automotive, and others. Currently, non-food contact packaging exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India.
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