India Plastic Recycling Market, By Source; By Plastic Type; By Process; By End Use Industry; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

List of Tables

India Plastic Recycling Market Size Set to Boom at Significant CAGR to Touch USD 6.1 Billion by 2030

India Plastic Recycling Market is flourishing due to growing awareness about environment, stringent regulations on controlling plastic pollution, and proactive government policies and incentives for recycling plastic.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Plastic Recycling Market size by value at USD 4.2 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Plastic Recycling Market size to expand at a CAGR of 6.5% reaching a value of USD 6.1 billion by 2030. The Plastic Recycling Market in India is propelled by the growing awareness about the detrimental effects of plastic waste on environment and health. Rapid industrialization, population growth, and continuous product innovations have led to extensive plastic usage across various industries, further bolstering market expansion. Also, the Government of India is actively implementing policies and recycling programs to manage waste production and promote sustainable plastic disposal solutions. Technological advancements, such as the use of artificial intelligence (AI) in sorting plastic waste and improving the quality of recycled products, are also significantly contributing to market growth.

By volume, BlueWeave estimated India Plastic Recycling Market size at 3.8 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Plastic Recycling Market size by volume is projected to grow at a CAGR of 6.4% reaching the volume of 5.5 million tons by 2030. India, as one of the world's largest producers of plastic waste, plays a pivotal role in various manufacturing sectors. The emphasis on creating a circular economy involves repurposing waste into essential raw materials for industries, such as packaging and automotive manufacturing. Despite India generating a staggering 26,000 tons of plastic waste daily, only 8% was recycled in 2019, placing it second globally after the United States and the European Union. To address this mounting plastic waste challenge, an Indian-Australian consortium has devised a strategic roadmap aimed at achieving a 67% recycling rate by 2035. The ambitious target hinges on crucial reforms in policies, substantial infrastructure development, and the integration of digital technologies. The objective is to ramp up recycling capacity, aligning with international standards, while also phasing out the use of single-use plastics.

Opportunity - Growing demand for sustainable products

The escalating global demand for sustainable products underscores a pivotal opportunity for the expansion of India Plastic Recycling Market. As one of the major contributors to plastic waste, India faces challenges from inadequate infrastructure to mixed waste handling. However, amidst these challenges, sustainable business models, including innovative approaches like plastic-to-fuel conversion, recycled plastic manufacturing, and eco-brick production, are emerging. Such initiatives not only address environmental concerns but also cater to the rising consumer preference for sustainable products. By fostering public-private partnerships and promoting extended producer responsibility, India can leverage sustainable models to establish a robust recycling ecosystem. The strategic shift not only mitigates plastic pollution but also catalyzes economic growth through environmentally conscious practices. It, in turn, is projected to drive India Plastic Recycling Market over the forecast period.

Impact of Escalating Geopolitical Tensions on India Plastic Recycling Market

Intensifying geopolitical tensions can have a multifaceted impact on India Plastic Recycling Market. Uncertainties stemming from geopolitical instability can disrupt supply chains, leading to potential shortages of critical components and materials. This disruption may lead to fluctuating prices for recycled plastics and essential recycling equipment, influencing operational costs and market stability. Furthermore, geopolitical uncertainties might discourage foreign investments in India's plastic recycling infrastructure, essential for facility modernization and capacity expansion. These factors collectively hinder market growth and sustainability efforts, underscoring the necessity for resilient strategies and domestic resource development. These measures are crucial to mitigate external disruptions and ensure the continuity of plastic recycling initiatives in India.

Mechanical Process Dominates India Plastic Recycling Market

India Plastic Recycling Market by process comprises Mechanical and Chemical segments. The mechanical process segment holds a higher share in India Plastic Recycling Market, primarily driven by innovative advancements, exemplified by the indigenous single screw extruder for melt-mixing waste thermoplastic polymers and fillers. The technology produces polymer composites for applications like paver blocks and tiles. Current equipment struggles with contaminants, addressed by IIT Bombay's GolDN instrument, enabling efficient melt mixing. GolDN, backed by the Department of Science and Technology, optimizes parameters for real-world conditions, set for commercialization at a reduced cost of INR 0.5 million. Additionally, the TGeosA setup allows thermogravimetric analyses of polymer composites, accommodating material heterogeneity. The advancements highlight mechanical recycling's vital role in enhancing sustainability in India Plastic Recycling Market.

Competitive Landscape

India Plastic Recycling Market is fragmented, with numerous players serving the market. The key players dominating India Plastic Recycling Market include Replast, Uhnder, Banyan Nation, Tridi Pack Limited, Jakson Eco Solutions, Suez India Private Limited, Gravita India Limited, Pashupati Group, Jagriti Polymers, Mittal Polygrains LLP, Parkash Plastic, and Shakti Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and India Plastic Recycling Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Plastic Recycling Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24531

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. India Plastic Recycling Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing environmental concerns
  - 3.2.1.2. Stricter regulations on plastic waste
  - 3.2.1.3. Supportive government initiatives
- 3.2.2. Restraints
  - 3.2.2.1. Limited Collection and Sorting Infrastructure
  - 3.2.2.2. Cost Competition with Virgin Plastics
- 3.2.3. Opportunities
  - 3.2.3.1. Rising investments in R&D
  - 3.2.3.2. Growing demand for sustainable products
- 3.2.4. Challenges
  - 3.2.4.1. Downcycling and Quality Issues
  - 3.2.4.2. Lack of Standardization and Regulations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. India Plastic Recycling Market: Marketing Strategies

5. India Plastic Recycling Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Source
  - 5.2.1.1. Bottles
  - 5.2.1.2. Films
  - 5.2.1.3. Foams
  - 5.2.1.4. Fibers
  - 5.2.1.5. Others
- 5.2.2. By Plastic Type
  - 5.2.2.1. Polyethylene Terephthalate (PET)
  - 5.2.2.2. Polyethylene
  - 5.2.2.3. Polypropylene
  - 5.2.2.4. Polyvinyl Chloride (PVC)
  - 5.2.2.5. Polystyrene
  - 5.2.2.6. Others
- 5.2.3. By Process
  - 5.2.3.1. Mechanical
  - 5.2.3.2. Chemical
- 5.2.4. By End Use Industry
  - 5.2.4.1. Packaging
  - 5.2.4.2. Building & Construction
  - 5.2.4.3. Textiles
  - 5.2.4.4. Automotive
  - 5.2.4.5. Electrical & Electronics
  - 5.2.4.6. Others
- 5.2.5. By Region
  - 5.2.5.1. North India
  - 5.2.5.2. South India
  - 5.2.5.3. East India
  - 5.2.5.4. West India

6. North India Plastic Recycling Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Source
- 6.2.2. By Plastic Type
- 6.2.3. By Process
- 6.2.4. By End Use Industry

7. South India Plastic Recycling Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Source
- 7.2.2. By Plastic Type
- 7.2.3. By Process
- 7.2.4. By End Use Industry

8. East India Plastic Recycling Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Source
- 8.2.2. By Plastic Type
- 8.2.3. By Process
- 8.2.4. By End Use Industry

9. West India Plastic Recycling Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Source
- 9.2.2. By Plastic Type
- 9.2.3. By Process
- 9.2.4. By End Use Industry

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. India Plastic Recycling Company Market Share Analysis, 2023
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Escalating Geopolitical Tensions on India Plastic Recycling Market

12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

12.1. Replast
12.2. Uhnder
12.3. Banyan Nation
12.4. Tridi Pack Limited
12.5. Jakson Eco Solutions
12.6. Suez India Private Limited
12.7. Gravita India Limited
12.8. Pashupati Group
12.9. Jagriti Polymers
12.10. Mittal Polygrains LLP
12.11. Parkash Plastic
12.12. Shakti Corporation
12.13. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Country
14.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC24531

List of Figures

Figure 1 India Plastic Recycling Segmentation
Figure 2 India Plastic Recycling Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Figure 5 India Plastic Recycling Market Share, By Source, By Value, 2019-2030
Figure 6 India Plastic Recycling Market Share, By Plastic Type, By Value, 2019-2030
Figure 7 India Plastic Recycling Market Share, By Process, By Value, 2019-2030
Figure 8 India Plastic Recycling Market Share, By End Use Industry, By Value, 2019-2030
Figure 9 North India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Figure 10 North India Plastic Recycling Market Share, By Source, By Value, 2019-2030
Figure 11 North India Plastic Recycling Market Share, By Plastic Type, By Value, 2019-2030
Figure 12 North India Plastic Recycling Market Share, By Process, By Value, 2019-2030
Figure 13 North India Plastic Recycling Market Share, By End Use Industry, By Value, 2019-2030
Figure 14 South India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Figure 15 South India Plastic Recycling Market Share, By Source, By Value, 2019-2030
Figure 16 South India Plastic Recycling Market Share, By Plastic Type, By Value, 2019-2030
Figure 17 South India Plastic Recycling Market Share, By Process, By Value, 2019-2030
Figure 18 South India Plastic Recycling Market Share, By End Use Industry, By Value, 2019-2030
Figure 19 East India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Figure 20 East India Plastic Recycling Market Share, By Source, By Value, 2019-2030
Figure 21 East India Plastic Recycling Market Share, By Plastic Type, By Value, 2019-2030
Figure 22 East India Plastic Recycling Market Share, By Process, By Value, 2019-2030
Figure 23 East India Plastic Recycling Market Share, By End Use Industry, By Value, 2019-2030
Figure 24 West India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Figure 25 West India Plastic Recycling Market Share, By Source, By Value, 2019-2030
Figure 26 West India Plastic Recycling Market Share, By Plastic Type, By Value, 2019-2030
Figure 27 West India Plastic Recycling Market Share, By Process, By Value, 2019-2030
Figure 28 West India Plastic Recycling Market Share, By End Use Industry, By Value, 2019-2030

List of Tables

Table 1 India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Table 2 India Plastic Recycling Market Size, By Source, By Value, 2019-2030
Table 3 India Plastic Recycling Market Size, By Plastic Type, By Value, 2019-2030
Table 4 India Plastic Recycling Market Size, By Process, By Value, 2019-2030
Table 5 India Plastic Recycling Market Size, By End Use Industry, By Value, 2019-2030
Table 6 North India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Table 7 North India Plastic Recycling Market Size, By Source, By Value, 2019-2030
Table 8 North India Plastic Recycling Market Size, By Plastic Type, By Value, 2019-2030
Table 9 North India Plastic Recycling Market Size, By Process, By Value, 2019-2030
Table 10 North India Plastic Recycling Market Size, By End Use Industry, By Value, 2019-2030
Table 11 South India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Table 12 South India Plastic Recycling Market Size, By Source, By Value, 2019-2030
Table 13 South India Plastic Recycling Market Size, By Plastic Type, By Value, 2019-2030
Table 14 South India Plastic Recycling Market Size, By Process, By Value, 2019-2030
Table 15 South India Plastic Recycling Market Size, By End Use Industry, By Value, 2019-2030
Table 16 East India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Table 17 East India Plastic Recycling Market Size, By Source, By Value, 2019-2030
Table 18 East India Plastic Recycling Market Size, By Plastic Type, By Value, 2019-2030
Table 19 East India Plastic Recycling Market Size, By Process, By Value, 2019-2030
Table 20 East India Plastic Recycling Market Size, By End Use Industry, By Value, 2019-2030
Table 21 West India Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
Table 22 West India Plastic Recycling Market Size, By Source, By Value, 2019-2030
Table 23 West India Plastic Recycling Market Size, By Plastic Type, By Value, 2019-2030
Table 24 West India Plastic Recycling Market Size, By Process, By Value, 2019-2030
Table 25 West India Plastic Recycling Market Size, By End Use Industry, By Value, 2019-2030
Table 26 Replast Company Overview
Table 27 Replast Financial Overview
Table 28 Uhnder Company Overview
Table 29 Uhnder Financial Overview
Table 30 Banyan Nation Company Overview
Table 31 Banyan Nation Financial Overview
Table 32 Tridi Pack Limited Company Overview
Table 33 Tridi Pack Limited Financial Overview
Table 34 Jakson Eco Solutions Company Overview
Table 35 Jakson Eco Solutions Financial Overview
Table 36 Suez India Private Limited Company Overview
Table 37 Suez India Private Limited Financial Overview
Table 38 Gravita India Limited Company Overview
Table 39 Gravita India Limited Financial Overview
Table 40 Pashupati Group Company Overview
Table 41 Pashupati Group Financial Overview
Table 42 Jagriti Polymers Company Overview
Table 43 Jagriti Polymers Financial Overview
Table 44 Mittal Polygrains LLP Company Overview
Table 45 Mittal Polygrains LLP Financial Overview
Table 46 Parkash Plastic Company Overview
Table 47 Parkash Plastic Financial Overview
Table 48 Shakti Corporation Company Overview
Table 49 Shakti Corporation Financial Overview

India Plastic Recycling Market, By Source; By Plastic Type; By Process; By End Use Industry; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. India Plastic Recycling Market Insights

4. India Plastic Recycling Market: Marketing Strategies

5. India Plastic Recycling Market Overview

6. North India Plastic Recycling Market

7. South India Plastic Recycling Market

8. East India Plastic Recycling Market

9. West India Plastic Recycling Market

10. Competitive Landscape

11. Impact of Escalating Geopolitical Tensions on India Plastic Recycling Market

12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

13. Key Strategic Recommendations

14. Research Methodology

List of Figures

List of Tables