India Chemical Recycling Of Plastics Market Size & Outlook
India chemical recycling of plastics market, 2018-2030 (US$M)
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India chemical recycling of plastics market highlights
- The India chemical recycling of plastics market generated a revenue of USD 902.5 million in 2023 and is expected to reach USD 1,313.3 million by 2030.
- The India market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, depolymerization was the largest revenue generating type in 2023.
- Depolymerization is the most lucrative type segment registering the fastest growth during the forecast period.
Chemical recycling of plastics market data book summary
| Market revenue in 2023 | USD 902.5 million |
| Market revenue in 2030 | USD 1,313.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depolymerization, Dissolution, Conversion |
| Key market players worldwide | Agilyx ASA Ordinary Shares, Basf SE, INEOS, Veolia Environnement SA, Eastman Chemical Co, SABIC, LyondellBasell Industries NV Class A, Maire Tecnimont, Recycling Technologies, JEPLAN |
Other key industry trends
- In terms of revenue, India accounted for 6.9% of the global chemical recycling of plastics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China chemical recycling of plastics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,534.2 million by 2030.
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Chemical Recycling Of Plastics Market Scope
Chemical Recycling Of Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India chemical recycling of plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chemical recycling of plastics market will help companies and investors design strategic landscapes.
Depolymerization was the largest segment with a revenue share of 45.57% in 2023. Horizon Databook has segmented the India chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
The introduction of the chemical-based plastic recycling technology to recycle plastic waste to promote sustainability and the circular economy is expected to drive the growth of chemical-based plastic recycling market in the country.
In January 2024, Coca-Cola India initiated a PET recycling program in collaboration with Reliance Retail to encourage consumers to return empty PET bottles for recycling. The program rewards consumers with discounts on Coca-Cola products for returning their used PET bottles at designated collection points in Reliance Retail stores.
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Horizon Databook provides a detailed overview of country-level data and insights on the India chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into India chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India chemical recycling of plastics market size, by type, 2018-2030 (US$M)
India Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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