• Home
  • |
  • Press Release
  • |
  • India Waste Plastic Recycling Market to Reach 23.7 Million Tons by 2032

India Waste Plastic Recycling Market to Reach 23.7 Million Tons by 2032, Supported by Rising Environmental Consciousness

April 19, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "India Waste Plastic Recycling Market Report by Treatment (Co-Processing, Heat Compression, Pyrolysis, Landfill, Incineration, and Others), Material (Poly Vinyl Chloride (PVC), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), and Others), Application (Packaging, Construction, Textile, Automotive, and Others), Recycling Process (Mechanical, and Others), and Region 2024-2032," the India waste plastic recycling market reached a volume of 9.9 Million Tons in 2023. Plastic recycling refers to the method of recovering waste or scrap plastic and reprocessing the material into various usable and functional products. It involves sorting, washing, shredding, identification, classification and extruding as the five different stages of recycling. At present, some of the commonly recycled plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), and polyvinyl chloride (PVC). Plastic recycling aids in reducing the amount of waste disposed at landfills, protecting the environment from pollution and conserving energy through diminishing reliance on fossil fuels. As a result, recycled plastic materials are more energy-efficient, and exhibit high-tensile strength and corrosion-resistant properties, due to which, they are further extensively used in multiple applications across several industries.

India Waste Plastic Recycling Market Trends:

The growing concerns regarding environmental degradation, rising energy consumption, and the increasing awareness regarding the hazardous effects of plastic waste on health and environment are primarily driving the India waste plastic recycling market growth. In line with this, the increasing need for plastic in the automotive, packaging, electronics, and food and beverage (F&B) industries is further facilitating the product demand across the country. Besides this, the Government of India (GoI) is introducing numerous recycling programs and undertaking favorable initiatives to encourage the uptake of recycled plastic, while promoting effective waste management. These regulations will further assist in reducing greenhouse gas (GHG) emissions and limiting plastic waste production, which is positively influencing the market growth. Additionally, rapid industrialization, along with significant technological advancements, including the introduction of multiple sustainable plastic disposable solutions and the deployment of artificial intelligence (AI)-integrated sorting machines are acting as other major growth-inducing factors. Moreover, the shifting inclination of key players toward recycled plastics for manufacturing different consumer goods, including kitchen appliances, electronic devices, fabric hangers and personal care products, are contributing to the market growth. Other factors, such as the establishment of advanced waste treatment facilities and continuous investments in research and development (R&D) activities to enhance the performance of recycled plastics, are creating a positive outlook for the market across the country. On account of the aforementioned factors, the market is anticipated to reach a volume of 23.7 Million Tons by 2032, growing at a CAGR of 9.86% during 2024-2032.

Market Summary:

  • Based on the treatment, the market has been classified into co-processing, heat compression, pyrolysis, landfill, incineration, and others.
  • On the basis of the material, the market has been divided into poly vinyl chloride (PVC), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), acrylonitrile butadiene styrene (ABS), and others.
  • Based on the application, the market has been segregated into packaging, construction, textile, automotive, and others.
  • On the basis of the recycling process, the market has been bifurcated into mechanical and others.
  • On a regional basis, the market has been segmented into North, West, Central, South, and East India.
  • The competitive landscape of the industry has also been examined, along with the profiles 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 Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Contact Us:
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1 631 791 1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Waste Plastic Recycling Market to Reach 23.7 Million Tons by 2032, Supported by Rising Environmental Consciousness
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More