India Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

India plastic recycling market stood at 6.06 Million Tonnes in FY2021 and is forecast to reach 12.43 Million Tonnes by FY2030, growing at a healthy CAGR of 6.98% until FY2030. The plastic recycling industry in India is booming on account of the rise in the number of small-scale processing plants in the country and the increasing focus of non-governmental entities on secondary use economy. Besides, the government has enforced a ban on ultra-thin polyethylene bags in some cities of India, presumably a surrogate measure for economic sustainability and advancement and curb plastic pollution. Additionally, the growing packaging industry is spurring the demand for PET and HDPE for packaging applications, which is likely to enhance the plastic recycling market. In 2019, the government called for an end to using single-use plastics and set an ambitious target of eliminating single-use plastics by 2022. Government initiatives such as Swachh Bharat Mission (SBM) and Make in India are continuously working towards circular economy policies, which is leading towards the development of plastic recycling in India. The COVID-19 pandemic resulted in huge demand for plastic due to its extensive use in the healthcare, pharmaceutical, and food & beverage sector. But, the illegal and inappropriate disposal of plastic waste affected the plastic recycling market negatively.

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Years Considered for Analysis:

Historical Years: FY2015-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023 - FY2030

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Deliverables:

• Installed Capacity By Company-Installed capacity within the country along with the individual capacity of leading players
• Installed Capacity By Location-Installed capacity at several locations across the country
• Production By Company-Actual production done by different companies
• Operating Efficiency By Company-Operating efficiency at which different companies are operating their plants
• Demand By End Use-Demand/Sale of Plastic Recycling in different end-user industries across the country
• Demand By Sales Channel-Demand/Sale of Plastic Recycling by different sales channels across the country
• Demand By Region-Demand/Sale of Plastic Recycling in different regions of the country
• Country Wise Exports-Exports of Plastic Recycling by Different Countries
• Country Wise Imports-Imports of Plastic Recycling by Different Countries
• Demand & Supply Gap-Demand & Supply Gap at country level
• Market Share of Leading Players-Revenue shares of leading players in the country
• News & Deals-Historical & Current News & Deals in the Plastic Recycling market

To extract data for the India Plastic Recycling market, the ChemAnalyst team conducts primary research surveys with Plastic Recycling manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.