India Recycled Plastics Market Size & Outlook, 2023-2030
India recycled plastics market, 2018-2030 (US$M)
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India recycled plastics market highlights
- The India recycled plastics market generated a revenue of USD 4,169.4 million in 2023 and is expected to reach USD 8,335.5 million by 2030.
- The India market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating product in 2023.
- Polyethylene is the most lucrative product segment registering the fastest growth during the forecast period.
Recycled plastics market data book summary
| Market revenue in 2023 | USD 4,169.4 million |
| Market revenue in 2030 | USD 8,335.5 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polyethylene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene |
| Key market players worldwide | Rethmann AG & Co. KG, Biffa, Stericycle Inc, Republic Services Inc, Waste Management Inc, Veolia Environnement SA, Shell PLC, Waste Connections Inc, Clean Harbors Inc, Covestro AG |
Other key industry trends
- In terms of revenue, India accounted for 8.6% of the global recycled plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,335.5 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India recycled 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 recycled plastics market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 28.79% in 2023. Horizon Databook has segmented the India recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
Rising environmental concerns among consumers coupled with the government policies such as “Swachh Bharat Mission” are anticipated to fuel the demand for recycled plastics in the country. Growing packaging, automotive, and construction industries in the country are further propelling the demand for recycled plastics.
India acknowledges the magnitude and intricacy of the plastic waste issue. It also comprehends the link between this plastic waste and the problem of global ocean plastic pollution and the concerns surrounding global warming.
Rising demand for electric vehicles in India is taken care by Mahindra Electric Mobility Limited and Tata Motors, who are producing electric vehicles in the country.
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Target buyers of India recycled plastics market databook
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Our clientele includes a mix of recycled plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into India recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India recycled plastics market size, by product, 2018-2030 (US$M)
India Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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