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India Waste Plastic Recycling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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:

  • Co-Processing
  • Heat Compression
  • Pyrolysis
  • Landfill
  • Incineration
  • Others
     

Breakup by Material:

  • Poly Vinyl Chloride (PVC)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Others
     

Breakup by Application:

  • Packaging
  • Construction
  • Textile
  • Automotive
  • Others
     

Breakup by Recycling Process:

  • Mechanical
  • 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 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units INR Billion, Million Tons
Segment Coverage Treatment, Material, Application, Recycling Process, Region
Region Covered North India, West and Central India, South India, East India
Companies Covered 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.
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:

  • 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?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Waste Plastic Recycling Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    India Plastic Recycling Capacity
    6.1    Market Trends
    6.2    Market Forecast
7    India Waste Plastic Generated
    7.1    Market Trends
    7.2    Market Forecast
8    Market Breakup by Treatment
    8.1    Co-Processing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Heat Compression
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Pyrolysis
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Landfill
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Incineration
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Material
    9.1    Poly Vinyl Chloride (PVC)
        9.1.1 Market Trends
        9.1.2 Market Forecast
        9.1.3 Market Breakup by Application
    9.2    Low-Density Polyethylene (LDPE)
        9.2.1 Market Trends
        9.2.2 Market Forecast
        9.2.3 Market Breakup by Application
    9.3    High-Density Polyethylene (HDPE)
        9.3.1 Market Trends
        9.3.2 Market Forecast
        9.3.3 Market Breakup by Application
    9.4    Polyethylene Terephthalate (PET)
        9.4.1 Market Trends
        9.4.2 Market Forecast
        9.4.3 Market Breakup by Application
    9.5    Polypropylene (PP)
        9.5.1 Market Trends
        9.5.2 Market Forecast
        9.5.3 Market Breakup by Application
    9.6    Acrylonitrile Butadiene Styrene (ABS)
        9.6.1 Market Trends
        9.6.2 Market Forecast
        9.6.3 Market Breakup by Application
    9.7    Others 
        9.7.1 Market Trends
        9.7.2 Market Forecast
        9.7.3 Market Breakup by Application
10    Market Breakup by Application
    10.1    Packaging
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Construction
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Textile
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Automotive
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Others
        10.5.1 Market Trends
        10.5.2 Market Forecast
11    Market Breakup by Recycling Process
    11.1    Mechanical
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Others
        11.2.1 Market Trends
        11.2.2 Market Forecast
12    Market Breakup by Region
    12.1    North India
        12.1.1 Market Trends
        12.1.2 Market Breakup by State
        12.1.3 Market Forecast
    12.2    West and Central India
        12.2.1 Market Trends
        12.2.2 Market Breakup by State
        12.2.3 Market Forecast
    12.3    South India
        12.3.1 Market Trends
        12.3.2 Market Breakup by State
        12.3.3 Market Forecast
    12.4    East India 
        12.4.1 Market Trends
        12.4.2 Market Breakup by State
        12.4.3 Market Forecast
13    SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14    Volume Chain Analysis
15    Porters Five Forces Analysis

    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16    Price Analysis
17    Technological Advancements in Waste Plastic Recycling Industry
18    Impact Analysis of Recycled Plastics on Virgin Plastics
19    Policy Changes and Trends

    19.1    Policy Changes and Trends in India’s Recycling Industry
20    Sourcing Strategies for Procuring Large Quantities of PCR 
        Reliably and Effectively
21    Competitive Landscape
    21.1    Market Structure
    21.2    Key Players
    21.3    Profiles of Key Players
        20.3.1    A1 Impex
           20.3.1.1 Company Overview
           20.3.1.2 Product Portfolio 
           20.3.1.3 Plant Location 
        20.3.2    Addonn Polycompounds Private Limited
           20.3.2.1 Company Overview
           20.3.2.2 Product Portfolio 
           20.3.2.3 Plant Location 
           20.3.2.4 Waste Recycling Capacity
        20.3.3    GD Plast
           20.3.3.1 Company Overview
           20.3.3.2 Product Portfolio 
           20.3.3.3 Plant Location 
           20.3.3.4 Waste Recycling Capacity
        20.3.4    Gravita India Limited
           20.3.4.1 Company Overview
           20.3.4.2 Product Portfolio 
           20.3.4.3 Plant Location 
           20.3.4.4 Waste Recycling Capacity
           20.3.4.5 Financials
        20.3.5    Jairam Plastic Industries
           20.3.5.1 Company Overview
           20.3.5.2 Product Portfolio 
           20.3.5.3 Plant Location 
           20.3.5.4 Waste Recycling Capacity
        20.3.6    Key Exports
           20.3.6.1 Company Overview
           20.3.6.2 Product Portfolio 
           20.3.6.3 Plant Location 
           20.3.6.4 Waste Recycling Capacity
        20.3.7    Luckystar International Pvt. Ltd.
           20.3.7.1 Company Overview
           20.3.7.2 Product Portfolio 
           20.3.7.3 Plant Location 
           20.3.7.4 Waste Recycling Capacity
        20.3.8    Manjushree Technopack Limited (AI Lenarco Midco Limited)
           20.3.8.1 Company Overview
           20.3.8.2 Product Portfolio 
           20.3.8.3 Plant Location 
           20.3.8.4 Waste Recycling Capacity
           20.3.8.5 Financials
        20.3.9    Parkash Plastic
           20.3.9.1 Company Overview
           20.3.9.2 Product Portfolio 
           20.3.9.3 Plant Location 
           20.3.9.4 Waste Recycling Capacity
        20.3.10    Polyraw Enterprises
           20.3.10.1 Company Overview
           20.3.10.2 Product Portfolio 
           20.3.10.3 Plant Location 
           20.3.10.4 Waste Recycling Capacity
        20.3.11    R.B. Polymers
           20.3.11.1 Company Overview
           20.3.11.2 Product Portfolio 
           20.3.11.3 Plant Location 
           20.3.11.4 Waste Recycling Capacity
        20.3.12    Yadav Infrapolymers Private Limited
           20.3.12.1 Company Overview
           20.3.12.2 Product Portfolio 
           20.3.12.3 Plant Location 
           20.3.12.4 Waste Recycling Capacity

List of Figures

Figure 1: India: Waste Plastic Recycling Market: Major Drivers and Challenges
Figure 2: India: Waste Plastic Recycling Market: Sales Volume (in Million Tons), 2016-2021
Figure 3: India: Waste Plastic Recycling Market: Sales Value (in INR Billion), 2016-2021
Figure 4: India: Waste Plastic Recycling Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 5: India: Waste Plastic Recycling Market Forecast: Sales Value (in INR Billion), 2022-2027
Figure 6: India: Waste Plastic Recycling Capacity: Volume (in Million Tons), 2016-2021
Figure 7: India: Waste Plastic Recycling Capacity Forecast: Volume (in Million Tons), 2022-2027
Figure 8: India: Waste Plastic Generated: Volume (in Million Tons), 2016-2021
Figure 9: India: Waste Plastic Generated Forecast: Volume (in Million Tons), 2022-2027
Figure 10: India: Waste Plastic Recycling Market: Breakup by Treatment (in %), 2021
Figure 11: India: Waste Plastic Recycling Market: Breakup by Material (in %), 2021
Figure 12: India: Waste Plastic Recycling Market: Breakup by Application (in %), 2021
Figure 13: India: Waste Plastic Recycling Market: Breakup by Recycling Process (in %), 2021
Figure 14: India: Waste Plastic Recycling Market: Breakup by Region (in %), 2021
Figure 15: India: Waste Plastic Recycling (Co-Processing) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 16: India: Waste Plastic Recycling (Co-Processing) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 17: India: Waste Plastic Recycling (Heat Compression) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 18: India: Waste Plastic Recycling (Heat Compression) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 19: India: Waste Plastic Recycling (Pyrolysis) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 20: India: Waste Plastic Recycling  (Pyrolysis) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 21: India: Waste Plastic Recycling  (Landfill) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 22: India: Waste Plastic Recycling  (Landfill) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 23: India: Waste Plastic Recycling  (Incineration) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 24: India: Waste Plastic Recycling  (Incineration) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 25: India: Waste Plastic Recycling  (Other Treatments) Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 26: India: Waste Plastic Recycling  (Other Treatments) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 27: India: Waste Plastic Recycling (Poly Vinyl Chloride (PVC)) Market: Sales Volume (in Million Tons), 2016-2021
Figure 28: India: Waste Plastic Recycling (Poly Vinyl Chloride (PVC)) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 29: India: Waste Plastic Recycling (Poly Vinyl Chloride (PVC)) Market: Breakup by Application (in %), 2021
Figure 30: India: Waste Plastic Recycling (Low-Density Polyethylene (LDPE)) Market: Sales Volume (in Million Tons), 2016-2021
Figure 31: India: Waste Plastic Recycling (Low-Density Polyethylene (LDPE)) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 32: India: Waste Plastic Recycling (Low-Density Polyethylene (LDPE)) Market: Breakup by Application (in %), 2021
Figure 33: India: Waste Plastic Recycling (High-Density Polyethylene (HDPE)) Market: Sales Volume (in Million Tons), 2016-2021
Figure 34: India: Waste Plastic Recycling (High-Density Polyethylene (HDPE)) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 35: India: Waste Plastic Recycling (High-Density Polyethylene (HDPE)) Market: Breakup by Application (in %), 2021
Figure 36: India: Waste Plastic Recycling (Polyethylene Terephthalate (PET)) Market: Sales Volume (in Million Tons), 2016-2021
Figure 37: India: Waste Plastic Recycling (Polyethylene Terephthalate (PET)) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 38: India: Waste Plastic Recycling (Polyethylene Terephthalate (PET)) Market: Breakup by Application (in %), 2021
Figure 39: India: Waste Plastic Recycling (Polypropylene (PP)) Market: Sales Volume (in Million Tons), 2016-2021
Figure 40: India: Waste Plastic Recycling (Polypropylene (PP)) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 41: India: Waste Plastic Recycling (Polypropylene (PP)) Market: Breakup by Application (in %), 2021
Figure 42: India: Waste Plastic Recycling (Acrylonitrile Butadiene Styrene (ABS)) Market: Sales Volume (in Million Tons), 2016-2021
Figure 43: India: Waste Plastic Recycling (Acrylonitrile Butadiene Styrene (ABS)) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 44: India: Waste Plastic Recycling (Acrylonitrile Butadiene Styrene (ABS)) Market: Breakup by Application (in %), 2021
Figure 45: India: Waste Plastic Recycling (Other Material Types) Market: Sales Volume (in Million Tons), 2016-2021
Figure 46: India: Waste Plastic Recycling (Other Material Types) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 47: India: Waste Plastic Recycling (Other Material Types) Market: Breakup by Application (in %), 2021
Figure 48: India: Waste Plastic Recycling (Packaging) Market: Sales Volume (in Million Tons), 2016-2021
Figure 49: India: Waste Plastic Recycling (Packaging) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 50: India: Waste Plastic Recycling (Construction) Market: Sales Volume (in Million Tons), 2016-2021
Figure 51: India: Waste Plastic Recycling (Construction) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 52: India: Waste Plastic Recycling (Textile) Market: Sales Volume (in Million Tons), 2016-2021
Figure 53: India: Waste Plastic Recycling (Textile) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 54: India: Waste Plastic Recycling (Automotive) Market: Sales Volume (in Million Tons), 2016-2021
Figure 55: India: Waste Plastic Recycling (Automotive) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 56: India: Waste Plastic Recycling (Other Applications) Market: Sales Volume (in Million Tons), 2016-2021
Figure 57: India: Waste Plastic Recycling (Other Applications) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 58: India: Waste Plastic Recycling (Mechanical) Market: Sales Volume (in Million Tons), 2016-2021
Figure 59: India: Waste Plastic Recycling (Mechanical) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 60: India: Waste Plastic Recycling (Other Recycling Processes) Market: Sales Volume (in Million Tons), 2016-2021
Figure 61: India: Waste Plastic Recycling (Other Recycling Processes) Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 62: North India: Waste Plastic Recycling Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 63: North India: Waste Plastic Recycling Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 64: North India: Waste Plastic Recycling Market: Breakup by States (in %), 2021
Figure 65: West and Central India: Waste Plastic Recycling Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 66: West and Central India: Waste Plastic Recycling Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 67: West and Central India: Waste Plastic Recycling Market: Breakup by States (in %), 2021
Figure 68: South India: Waste Plastic Recycling Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 69: South India: Waste Plastic Recycling Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 70: South India: Waste Plastic Recycling Market: Breakup by States (in %), 2021
Figure 71: East India: Waste Plastic Recycling Market: Sales Volume (in Million Tons), 2016 & 2021
Figure 72: East India: Waste Plastic Recycling Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 73: East India: Waste Plastic Recycling Market: Breakup by States (in %), 2021
Figure 74: India: Waste Plastic Recycling Industry: SWOT Analysis
Figure 75: India: Waste Plastic Recycling Industry: Volume Chain Analysis
Figure 76: India: Waste Plastic Recycling Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Waste Plastic Recycling Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Waste Plastic Recycling Market Forecast: Breakup by Treatment (in Million Tons), 2022-2027
Table 3: India: Waste Plastic Recycling Market Forecast: Breakup by Material (in Million Tons), 2022-2027
Table 4: India: Waste Plastic Recycling Market Forecast: Breakup by Application (in Million Tons), 2022-2027
Table 5: India: Waste Plastic Recycling Market Forecast: Breakup Recycling Process (in Million Tons), 2022-2027
Table 6: India: Waste Plastic Recycling Market Forecast: Breakup by Region (in Million Tons), 2022-2027
Table 7: India: Waste Plastic Recycling Market: Competitive Structure
Table 8: India: Waste Plastic Recycling Market: Key Players


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