The India waste plastic recycling market reached a volume of 7.78 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 16.58 Million Tons by 2027, exhibiting a CAGR of 11.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Plastic recycling refers to the process of gathering scrap plastic and reprocessing the material into a functional and valuable product. The process is primarily adopted to reduce the harmful effects of plastic waste while limiting the dependence on virgin polymers to manufacture new plastic products. Some of the common types of recycled plastic materials include polyethylene terephthalate, high-density polyethylene, low-density polyethylene, polypropylene, polyvinyl chloride, etc. As recycled plastics are lightweight, durable, and versatile in nature, they can be utilized for diverse applications across several industries, including textile, packaging, construction, automotive, etc.
India Waste Plastic Recycling Market Trends:
In India, the growing consumer awareness towards the detrimental effects of plastic waste on human health and the environment is primarily driving the demand for plastic recycling. With the elevating levels of industrialization, plastic-based products have gained traction across diverse end-use industries, such as food and non-food contact packaging, automotive, construction, etc., which leads to a significant amount of plastic wastage. The Indian government is introducing numerous stringent policies and recycling programs for limiting plastic waste production. In line with this, the launch of sustainable plastic disposal solutions, along with the establishment of advanced waste treatment facilities in the country, is also catalyzing the market growth. Additionally, various organizations, particularly across the packaging sector, are shifting from conventional virgin plastics towards recycled counterparts to reduce carbon footprints. Besides this, numerous key players are focusing on extensive R&D activities for improving the quality performance of recycled plastics, which is acting as a significant growth-inducing factor. Moreover, the rising adoption of advanced technologies, such as artificial intelligence (AI), for effective sorting of plastic waste is expected to drive the India waste plastic recycling market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India waste plastic recycling market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on treatment, material, application and recycling process.
Breakup by Treatment:
- Heat Compression
Breakup by Material:
- Poly Vinyl Chloride (PVC)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Acrylonitrile Butadiene Styrene (ABS)
Breakup by Application:
Breakup by Recycling Process:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined with some of the key players being A1 Impex, Addonn Polycomponds Private Limited, GD Plast, Gravita India Limited, Jairam Plastic Industries, Key Exports, Luckystar International Pvt. Ltd., Manjushree Technopack Limited (AI Lenarco Midco Limited), Parkash Plastic, Polyraw Enterprises, R.B. Polymers, and Yadav Infrapolymers Private Limited.
|Base Year of the Analysis
||INR Billion, Million Tons
||Treatment, Material, Application, Recycling Process, Region
||North India, West and Central India, South India, East India
||A1 Impex, Addonn Polycomponds Private Limited, GD Plast, Gravita India Limited, Jairam Plastic Industries, Key Exports, Luckystar International Pvt. Ltd., Manjushree Technopack Limited (AI Lenarco Midco Limited), Parkash Plastic, Polyraw Enterprises, R.B. Polymers, and Yadav Infrapolymers Private Limited.
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Key Questions Answered in This Report:
- How has the India waste plastic recycling market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India waste plastic recycling market?
- What are the key regions in the India waste plastic recycling market?
- What is the breakup of the market based on the treatment?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the recycling process?
- What are the various stages in the volume chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India waste plastic recycling market and who are the key players?
- What is the degree of competition in the industry?