The India recycled plastics market size reached US$ 3,996 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,220 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 3,996 Million |
Market Forecast in 2032
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US$ 6,220 Million |
Market Growth Rate (2024-2032) | 4.9% |
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.
The growing environmental consciousness and rising awareness regarding the harmful effects of plastic waste are majorly driving the recycled plastic market growth in India. Due to rapid industrialization, growing population, and continuous product innovations, plastic is extensively used in various end-use industries, which is further contributing to the market growth in the country. Additionally, the Government of India (GoI) is implementing policies and introducing recycling programs for controlling waste production and promoting sustainable plastic disposable solutions. Moreover, technological innovations, such as the adoption of artificial intelligence (AI) for sorting plastic waste and enhance the quality of recycled products, are positively influencing the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the India recycled plastics market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on plastic type, raw material and application.
Breakup by Plastic Type:
Breakup by Raw Material:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Plastic Type, Raw Material, Application, Region |
Region Covered | North India, West and Central India, South India, East India |
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) |
The India recycled plastics market was valued at US$ 3,996 Million in 2023.
We expect the India recycled plastics market to exhibit a CAGR of 4.9% during 2024-2032.
The rising adoption of recycled plastics, as they aim in reducing plastic pollution, minimizing landfill dependence, conserving resources, etc., is primarily driving the India recycled plastics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for recycled plastics.
Based on the plastic type, the India recycled plastics market can be categorized into Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and others. Currently, Polyethylene Terephthalate (PET) accounts for the largest market share.
Based on the raw material, the India recycled plastics market has been segmented into plastic bottles, plastic films, rigid plastics and foams, fibers, and others. Among these, plastic bottles currently hold the majority of the total market share.
Based on the application, the India recycled plastics market can be divided into non-food contact packaging, food contact packaging, construction, automotive, and others. Currently, non-food contact packaging exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India.