India Recycled Plastics Market Size, Share, Prices, Report, 2024-2032

Name: India Recycled Plastics Market Report by Plastic Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and Others), Raw Material (Plastic Bottles, Plastic Films, Rigid Plastic and Foam, Fibres, and Others), Application (Non-Food Contact Packaging, Food Contact, Packaging, Construction, Automotive, and Others), and Region 2024-2032
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: India Recycled Plastics Market Report

India Recycled Plastics Market Report by Plastic Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and Others), Raw Material (Plastic Bottles, Plastic Films, Rigid Plastic and Foam, Fibres, and Others), Application (Non-Food Contact Packaging, Food Contact, Packaging, Construction, Automotive, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4221

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Market Overview:

The India recycled plastics market size reached US$ 3,996 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,220 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 3,996 Million
Market Forecast in 2032	US$ 6,220 Million
Market Growth Rate (2024-2032)	4.9%

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 2024-2032. 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	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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$ 3,996 Million in 2023.

We expect the India recycled plastics market to exhibit a CAGR of 4.9% during 2024-2032.

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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