India Plastic Recycling Market size was valued at USD 4,090.8 Million in 2024 and is expected to reach USD 6,933.2 Million by 2033, at a CAGR of 5.22% during the forecast period 2024 – 2033.
India Plastic Recycling Market: Overview
The India Plastic Recycling Market has been witnessing significant growth and transformation driven by various factors such as government initiatives, increasing environmental awareness, and rising demand for recycled plastics across industries.
Plastic recycling, aimed at giving new life to used plastic items, plays a crucial role in reducing reliance on landfills and combating plastic pollution. Mechanical and chemical recycling are the two primary methods employed, each with its unique advantages and challenges.
One of the major drivers for the plastic recycling market in India is the support and enforcement of government policies and regulations promoting recycling. Initiatives like the Plastic Waste Management Rules (2016) impose responsibilities on manufacturers, retailers, and consumers to minimize plastic waste generation and promote recycling.
As a result, there has been a notable increase in the adoption of plastic recycling practices across various industries and regions in India. Growing environmental awareness among consumers and businesses is another significant driver, leading to a surge in demand for recycled plastic materials.
However, the market faces several challenges, including lack of infrastructure and technology for efficient collection, segregation, and processing of plastic waste. Despite regulatory interventions, there is a significant gap in the infrastructure required to support large-scale recycling operations. Additionally, challenges in plastic waste segregation processes hinder recycling efficiency and increase operational costs.
CMI has comprehensively analyzed India Plastic Recycling market. The driving forces, restraints, challenges, opportunities, key trends have been explained in depth to depict in depth scenario of market. Segment wise market size and market share during the forecast period is duly addressed to portray the probable picture of this India Plastic Recycling industry.
The competitive landscape includes of key innovators, after market service providers, market giants as well as niche players ate studied and analyzed extensively with respect to their strengths, weaknesses as well as value addition prospects. In addition, Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, emerging business models.
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List of the prominent players in the India Plastic Recycling Market:
- Suez India Private Limited
- The Shakti Plastic Industries
- Gravita India Limited
- Pashupati Group
- Jagriti Polymers
- Mittal Polygrains LLP
- Parkash Plastic
- Shakti Corporation
- UFlex Limited
- Reliance Industries Limited
- Jindal Poly Films Limited
- LyondellBasell Industries Holdings B.V.
- Avery Dennison Corporation
- Borealis AG
- Dow Inc.
- Chevron Phillips Chemical Company LLC
- Formosa Plastics Corporation
- Samsung SDI Co. Ltd.
- BASF SE
- Others
Table of Contents: https://www.custommarketinsights.com/report/india-plastic-recycling-market/#table-of-contents
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