IMARC Group has published a market research report titled “India Recycled Plastics Market Report by Plastic Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and Others), Raw Material (Plastic Bottles, Plastic Films, Rigid Plastic and Foam, Fibres, and Others), Application (Non-Food Contact Packaging, Food Contact, Packaging, Construction, Automotive, and Others), and Region 2024-2032″ offers a comprehensive analysis of the industry, which comprises insights on the India recycled plastics market growth. The 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.
Plastic recycling involves recovering and reprocessing discarded plastic materials to create valuable products. Since most polymer materials used across the globe are non-biodegradable, recycling these materials emerges as a viable solution to alleviate the environmental burden caused by polymers. Some common types of recycled plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP). This plastic waste undergoes five stages, including sorting, washing, shredding, identification, classification, and extrusion to create products that are biodegradable and environmentally friendly. Plastic recycling also helps reduce dependence on landfills, conserves resources, mitigates plastic pollution, and prevents greenhouse gas (GHG) emissions. In addition, it is a cost-effective method that contributes to reducing carbon emissions. Some commonly produced recycled plastic products include recycled PET plastic that finds extensive application in the packaging and construction industries for the primary and secondary packaging of various products. Moreover, in construction industry, recycled plastics are transformed into low-value items such as plastic lumber, roadside curbs, damp roof membranes, walkways, ducting and flooring, and fences. Besides this, recycled plastics find extensive applications across various industries, including footwear, fabrics, toys, bags, toothbrushes, and other consumer products.
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India Recycled Plastics Market Trends and Drivers:
India recycled plastics market is primarily driven by increasing environmental consciousness and awareness of the detrimental effects of plastic waste. Moreover, the rising use of plastic in various industries due to rapid industrialization, growing population, and continuous product advancements are positively influencing the market growth. In addition, increasing sales of packaged plastic materials and rising demand for ready-to-eat and processed food products due to the busy lifestyles of people and increasing income levels are propelling the market growth. Apart from this, the implementation of favorable policies by the government of India (GOI) and the introduction of recycling programs to reduce waste generation and encourage sustainable plastic disposal solutions has catalyzed market growth. Additionally, rising construction activities for residential and commercial buildings due to the growing population have augmented the demand for recycled plastics. Besides this, the rising utilization of plastic in various vehicle components by the automotive industry and increasing sales of both passenger and commercial vehicles represent another major growth-inducing factor. Furthermore, numerous technological advancements, including the adoption of artificial intelligence (AI) for efficient sorting of plastic waste and improvement in the quality of recycled products, are contributing to market growth. Other factors, including ongoing research and development (R&D) activities, the rising focus of key players on enhancing the value and consumer appeal of recycled plastic products, and growing awareness about environmental protection, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Plastic Type:
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
- Others
Breakup by Raw Material:
- Plastic Bottles
- Plastic Films
- Rigid Plastic and Foam
- Fibres
- Others
Breakup by Application:
- Non-Food Contact Packaging
- Food Contact Packaging
- Construction
- Automotive
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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