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According to the latest report by IMARC Group, titled “India Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The India recycled plastics market size reached US$ 3,784 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,277 Million by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Recycled plastics comprise bottles, food trays, wheeled bins, polyester fabric, flower pots, watering cans, and reusable crates and pallets. These plastics are manufactured in five stages, including sorting, washing, shredding, identification, classification, and extruding. They assist in reducing plastic pollution, minimizing landfill dependence, conserving resources, and preventing greenhouse gas emissions.
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Market Trends:
At present, the increasing environmental consciousness, along with the rising awareness among individuals about the harmful impact of plastics, represents one of the key factors positively influencing the demand for recycled plastics in India. In addition, the Government of India (GoI) and other regulatory bodies are implementing bans on the usage of plastics, which is encouraging the adoption of recycled plastics in the country. Apart from this, the rising utilization of recycled plastics for the packaging of processed and ready-to-eat (RTE) food products is anticipated to offer lucrative growth opportunities to industry investors in the country.
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
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4221&flag=C
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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