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:
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