Product Code: ETC356244 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India recycled plastics market import shipment demonstrated rapid expansion with a notable CAGR from 2020 to 2024. However, the growth rate between 2023 and 2024 showed a decline, indicating a slight slowdown in the market momentum towards the end of the period. Despite the dip, the overall trend suggests significant growth.
The recycled plastics market size was valued around USD 2 billion in 2025 and is anticipated showcase strong growth more owing mainly supporting initiatives taken by both central as well as state governments towards reducing plastic waste through recycling activities along with rising awareness about environment protection issues among people across all age groups. Moreover growing implementation of stringent regulations regarding use & disposal of plastics are also likely propel the product demand.
The recycled plastics market in India is experiencing remarkable growth due to the increasing awareness of environmental sustainability and waste management. With a surge in plastic waste generation, there is a growing emphasis on recycling and reusing plastics to reduce their adverse impact on the environment. The government`s initiatives to promote recycling and the implementation of strict regulations against single-use plastics have also accelerated market growth. Moreover, the rising demand for recycled plastics in various industries, such as packaging, automotive, and construction, has further boosted the market in India.
The recycled plastics market in India is experiencing remarkable growth due to the increasing awareness of environmental sustainability and waste management. With a surge in plastic waste generation, there is a growing emphasis on recycling and reusing plastics to reduce their adverse impact on the environment. The government`s initiatives to promote recycling and the implementation of strict regulations against single-use plastics have also accelerated market growth. Moreover, the rising demand for recycled plastics in various industries, such as packaging, automotive, and construction, has further boosted the market in India.
The recycled plastics market in India experienced mixed impacts during the COVID-19 pandemic. With the lockdown measures in place, the consumption of plastics in various sectors declined, leading to a reduced supply of plastic waste for recycling. Additionally, disruptions in waste collection and recycling processes affected the recycling industry`s operations. However, the pandemic highlighted the importance of waste management and environmental sustainability, leading to increased awareness about recycling and its benefits. As the restrictions eased, there was a renewed focus on recycling initiatives, and the market for recycled plastics started to recover. The government`s continued efforts to promote recycling and stricter regulations against single-use plastics further supported the market`s growth. Moreover, the rising demand for sustainable and eco-friendly materials in various industries, such as packaging and construction, accelerated the adoption of recycled plastics in the post-pandemic period.
Key players in the India recycled plastics market include Reliance Industries Limited, GAIL (India) Limited, PET ScrapWala, Supreme Plasticizers, and Jain Irrigation Systems Limited. These companies are major suppliers of recycled plastics used in various industries, including packaging, automotive, and construction. They play a crucial role in promoting sustainable practices and reducing the environmental impact of plastic waste. With a commitment to recycling and waste management, these key players contribute to the circular economy and the growth of the recycled plastics market in India.