India Recycled Plastics Market 2022-27: Demand, Size, Share, Growth and Forecast

    Babita Rana

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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 2022-2027,” The India recycled plastics market size reached US$ 3,553 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,020 Million by 2027, exhibiting a growth rate (CAGR) of 5.8% during 2022-2027.

    Recycled plastics refer to materials that are repurposed from scraps and waste plastics to be used across various industry verticals. The process of recycling plastics involves the waste and scrap undergoing different stages of sorting, washing, shredding, identification and classification of the plastic. In addition to this, recycled plastic aids in the reduction of greenhouse gas emissions from waste disposal at landfill sites.

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    Market Trends:

    The India recycled plastics market is primarily driven by the growing environmental consciousness regarding the harmful effects of plastic waste. As a result, the Government of India has implemented policies to introduce recycling programs to control waste production and promote sustainable plastic disposable solutions. Moreover, the rising investments by manufacturers in research and development (R&D) activities to enhance the quality performance of recycled plastic products is another growth-inducing factor. Other factors, such as rapid industrialization, increasing population and continuous innovations in products, are also fueling the market growth across the country.

    Breakup by Plastic Type:

    Polyethylene Terephthalate (PET)
    High Density Polyethylene (HDPE)
    Polypropylene (PP)
    Low Density Polyethylene (LDPE)

    Breakup by Raw Material:

    Plastic Bottles
    Plastic Films
    Rigid Plastic and Foam

    Breakup by Application:

    Non-Food Contact Packaging
    Food Contact Packaging

    Breakup by Region:

    North India
    West and Central India
    South India
    East India

    Competitive Landscape:

    The report has also analysed the competitive landscape of the market along with the profiles of the key players.

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    As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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