India Plastic Recycling Market {2028} - Report & Market Share
The India Plastic Recycling Market stood at USD 520.68 million in 2022 and is expected to grow at a CAGR of 7.58% during the forecast period. Development in various industries such as packaging, and automotive, and policies and regulations by the government are driving the market. This can be attributed to the increasing environmental awareness and viable applicability of the products derived from plastic waste. Although this sector is mostly managed by unorganized local players, the Government of India has enforced plastic waste management rules that prohibit the use of single-use plastics that have low utility and high littering potential.
Nowadays, environmental protection has become India’s topmost priority which paves the path to design and implement methods to manage plastic waste effectively to minimize the pollution generated through non-decomposable plastics. To curb the negative impact of plastics on the environment, several major steps have been taken by the government and local players who are putting their efforts into making this country and planet Earth pollution-free.?
Additionally, many fashion brands have recently taken charge of the situation and begun recycling PET plastic bottles into garments which makes this one of the significant ways to reduce waste generation making the country more environmentally friendly. Government initiatives, public awareness, and emerging ventures across the regions of India are collectively expected to foster market growth during the forecast period.
Growing Environmental Consciousness
Growing environmental awareness and public concern over the negative consequences of plastic waste are the main factors propelling the recycled plastic industry in India. Plastic is widely used in many end-use sectors, further fueling market growth in the nation due to fast industrialization, a rising population, and ongoing product advancements. Additionally, the Government of India (GoI) is enacting laws and launching recycling initiatives to reduce trash production and promote environmentally friendly plastic disposables. Additionally, technological advancements like artificial intelligence (AI) to sort plastic trash and improve the quality of recycled goods are favorably impacting the market's expansion.
Demand From the Packaging Industry
Plastics used in the packaging?industry are polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE). 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.?Recycled plastic can be used again for packaging of consumer goods.
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Market Segmentation
The India Plastic Recycling Market is segmented based on type, source, method, end user, region, and company distribution. Based on type, the market can be split into Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS). Based on Source the market can be divided into?Bottles, Films, Fibers, and Foams.?Based on the Method, the market is divided into Mechanical, Thermal, Chemical, and Landfill.?Based on End User the market is split into Packaging, Building & Construction, Textile, Electrical & Electronics, and Automotive.
Market Players
Suez India Private Limited, The Shakti Plastic Industries, Gravita India Limited,?Pashupati Group, Jagriti Polymers, Mittal Polygrains LLP, Parkash Plastic, Shakti Corporation,?are some of the leading companies operating in the market.
Attribute
Details
Revenue in 2022
USD 520.68 Million
Expected Revenue in 2028
USD 795.70 Million
Growth Rate
7.58%
Base Year
2022
Historic Period
2018?– 2021
Estimated Year
2023
Forecast Period
2024 – 2028
Quantitative Units
Revenue in USD Million, Volume in Million Tonnes and CAGR for 2018-2022 and 2023-2028
Report coverage
Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends
Segments covered
·?????????Type
·?????????Source
·?????????Method
·?????????Region
Key companies profiled
Suez India Private Limited, The Shakti Plastic Industries, Gravita India Limited, Pashupati Group, Jagriti Polymers, Mittal Polygrains LLP, Parkash Plastic, Shakti Corporation,
Customization scope
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.?Explore purchase options
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
?Report Scope:
In this report, India Plastic Recycling Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
o????Polyethylene Terephthalate (PET)
o????Polypropylene (PP)
o????Polyvinyl Chloride (PVC)
o????Polystyrene (PS)
o????Others
Company Profiles:?Detailed analysis of the major companies present in India Plastic Recycling market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
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Table of Content
5.1.1.?????Brand Awareness
5.1.2.?????Brand Satisfaction
5.1.3.?????Factors Influencing Purchase Decisions
5.1.4.?????Product Awareness
6.1.??Market Size & Forecast
6.1.1.?????By Value & Volume
6.2.??Market Share & Forecast
6.2.1.?????By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others)
6.2.2.?????By Source (Bottles, Films, Fibers, Foams and Others)
6.2.3.?????By Method (Mechanical, Thermal, Chemical and Landfill)
6.2.4.?????By End User (Packaging, Building & Construction, Textile, Electrical & Electronics, Automotive and Others)
6.2.5.?????By Region
6.2.5.1.?????????By State (Top 3 States)
6.2.6.?????By Company
6.3.??Market Map
7.1.??Market Size & Forecast
7.1.1.?????By Value & Volume
7.2.??Market Share & Forecast
7.2.1.?????By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others)
7.2.2.?????By Source (Bottles, Films, Fibers, Foams and Others)
7.2.3.?????By Method (Mechanical, Thermal, Chemical and Landfill)
7.2.4.?????By End User (Packaging, Building & Construction, Textile, Electrical & Electronics, Automotive and Others)
7.2.4.1.?????????By West Region
7.2.4.1.1.?????????????By State (Top 3 States)
8.1.??Market Size & Forecast
8.1.1.?????By Value & Volume
8.2.??Market Share & Forecast
8.2.1.?????By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others)
8.2.2.?????By Source (Bottles, Films, Fibers, Foams and Others)
8.2.3.?????By Method (Mechanical, Thermal, Chemical and Landfill)
8.2.4.?????By End User (Packaging, Building & Construction, Textile, Electrical & Electronics, Automotive and Others)
8.2.5.?????By South Region
8.2.5.1.?????????By State (Top 3 States)
9.1.??Market Size & Forecast
9.1.1.?????By Value & Volume
9.2.??Market Share & Forecast
9.2.1.?????By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others)
9.2.2.?????By Source (Bottles, Films, Fibers, Foams and Others)
9.2.3.?????By Method (Mechanical, Thermal, Chemical and Landfill)
9.2.4.?????By End User (Packaging, Building & Construction, Textile, Electrical & Electronics, Automotive and Others)
9.2.5.?????By North Region
9.2.5.1.?????????By State (Top 3 States)
10.1.??????????????Market Size & Forecast
10.1.1.??By Value & Volume
10.2.??????????????Market Share & Forecast
10.2.1.??By Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene and Others)
10.2.2.??By Source (Bottles, Films, Fibers, Foams and Others)
10.2.3.??By Method (Mechanical, Thermal, Chemical and Landfill)
10.2.4.??By End User (Packaging, Building & Construction, Textile, Electrical & Electronics, Automotive and Others)
10.2.5.??By East Region
10.2.5.1.??????By State (Top 3 States)
11.1.??Drivers
11.2.?Challenges
15.1.??????????????Suez India Private Limited
15.2.??????????????The Shakti Plastic Industries
15.3.??????????????Gravita India Limited
15.4.???????????????Pashupati Group
15.5.??????????????Jagriti Polymers
15.6.??????????????Mittal Polygrains LLP
15.7.??????????????Parkash Plastic
15.8.??????????????Shakti Corporation
Sr.Multi Discipline inspector -OQ Oman
1 年Hi I have started a plastic recycling unit named Green Planet Recycling at KotHitayam, Kerala (Pin - 686541). Our target is to segregate and collect plastic materials in our district. We already started with pet bottle crushing. We would like to work with you. It would be great if you could contact me via email ([email protected] ) or mobile 7594806508. Thanks & Regards, Raveen Raj T R