India Recycled Plastics Market Report 2023-2028, Size, Share, Growth, Trends and Forecast

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:

Breakup by Raw Material:

Breakup by Application:

Breakup by Region:

Key highlights of the report:

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