India Recyclate Market is Expected to grow at a robust CAGR of 10.26% through 2030F
The
increasing India recyclate market is driven by growing government regulations
and policies driving recyclate market growth, increasing demand for recycled
plastics in packaging and Manufacturing during the forecast period 2026-2030F.
According
to TechSci Research report, “India
Recyclate Market – By Region, Competition, Forecast & Opportunities, 2030F,
The India Recyclate Market was valued at USD 6,253.29 Million in 2024 and
is expected to reach USD 11,337.25 Million by 2030 with a CAGR of 10.26% during
the forecast period. India’s recyclate market is witnessing significant growth
due to stringent government regulations and policies promoting plastic
recycling. The Plastic Waste Management (PWM) Rules, 2016, and its subsequent
amendments have played a crucial role in increasing recyclate adoption by
mandating extended producer responsibility (EPR) for plastic manufacturers and
users. Under the EPR framework, producers, importers, and brand owners (PIBOs)
are now required to ensure the collection and recycling of a specific percentage
of plastic waste, thereby driving the demand for recyclates.
Moreover,
state-level initiatives, such as Maharashtra's strict enforcement of plastic
bans and Kerala's decentralized waste management systems, have increased
recyclate adoption. The push towards circular economy models, where waste
materials are continuously repurposed, has further strengthened India’s
recyclate industry.
Companies
are increasingly investing in advanced recycling technologies like chemical
recycling and pyrolysis to improve the quality of recyclates, making them
suitable for high-value applications. Furthermore, public-private partnerships
(PPPs) are being established to enhance waste collection and recycling
infrastructure. As industries comply with these regulations and integrate
recyclates into production, the market is expected to experience sustained
growth.
With
India aiming to achieve 50% recycled content in PET bottles by the end of 2025, the
recyclate market will continue expanding, providing opportunities for
innovation and business growth in the coming years. Companies that align with
government mandates and invest in efficient recycling technologies will be
better positioned to thrive in this evolving landscape.
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India Recyclate Market"
In 2024, Based
on source type, Glass is the fastest growing segment in the India Recyclate
Market in coming period, due to increasing demand for sustainable packaging,
stringent environmental regulations, and the rising adoption of circular
economy principles. Glass recycling is gaining momentum as industries,
particularly food & beverage, pharmaceuticals, and construction, seek
eco-friendly alternatives to reduce their carbon footprint and comply with
sustainability mandates. The recyclability of glass, which can be reused
indefinitely without losing quality, makes it a highly attractive option for
manufacturers aiming to reduce waste and raw material dependency.
Government
initiatives promoting waste segregation and Extended Producer Responsibility
(EPR) are further accelerating the growth of the glass recyclate market.
Policies encouraging collection, sorting, and recycling of post-consumer glass
waste have led to a more structured supply chain, improving availability and
cost-efficiency. Additionally, the Indian government’s push for smart cities
and sustainable urban development has increased the demand for recycled glass
in construction applications, such as glass aggregates for concrete and
insulation materials.
The
beverage industry is also a key driver, with brands shifting from plastic to
glass packaging to align with environmental commitments. This trend is evident
in premium bottled water, alcoholic beverages, and pharmaceutical packaging,
where glass recyclate plays a crucial role in reducing production costs and
enhancing sustainability credentials. Furthermore, advancements in recycling
technologies have improved the efficiency of sorting, crushing, and processing
glass waste, making recyclate more accessible and cost-effective for
industries.
With
growing consumer awareness, corporate sustainability efforts, and regulatory
backing, the glass recyclate segment is poised for significant expansion in
India. As industries strive for zero-waste goals, the increasing adoption of recycled
glass in packaging, construction, and industrial applications will drive the
segment’s growth in the coming years.
Based
on region, North India is the fastest growing region in the India Recyclate
Market during the forecast period, due to rising industrialization, increasing
urbanization, and strong government initiatives promoting sustainable waste
management. The region is home to major metropolitan cities such as Delhi,
Noida, Gurugram, and Chandigarh, which generate significant plastic, metal,
glass, and paper waste, necessitating advanced recycling infrastructure. The
rapid expansion of manufacturing, automotive, construction, and packaging
industries in the region has further boosted the demand for recyclate materials
to reduce environmental impact and raw material costs.
The
government’s push for waste segregation and recycling policies, such as the Swachh
Bharat Mission (SBM), Extended Producer Responsibility (EPR), and Plastic Waste
Management Rules, has significantly strengthened North India’s recyclate
market. These policies mandate corporates and manufacturers to adopt
sustainable waste management practices, leading to increased investments in
recycling plants and facilities. Additionally, the Delhi-NCR region, being a
major business and industrial hub, has seen waste-to-energy initiatives and
large-scale material recovery facilities driving recyclate adoption.
The
construction sector’s rapid growth in North India is another crucial factor
fueling recyclate demand. The use of recycled aggregates, metal scrap, and
glass recyclates in infrastructure projects is rising as developers prioritize green
building materials to meet sustainability norms. Moreover, automotive
manufacturers in states like Haryana and Uttar Pradesh are increasingly
incorporating recycled plastics and metals to align with circular economy goals
and reduce production costs.
Additionally,
consumer awareness and corporate sustainability programs in North India are
driving demand for eco-friendly packaging and recycled materials. With
continued investment in recycling technologies and policy support, North India
is set to witness sustained growth in the recyclate market, reinforcing its
position as the fastest-growing region in India.
Key
market players in the India Recyclate market are: -
- Ecogreen
Energy WTE
- Darbar
Group
- Trash2cash
- Shri
Krupa Services Pvt. Ltd.
- BVG India
- WM
Intellectual Property Holdings, L.L.C.
- ReSynergy
- J.T.N
Services Pvt. Ltd.
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“The
India Recyclate Market presents significant opportunities driven by rising
sustainability awareness, government policies, and corporate commitments to
circular economy practices. The Plastic Waste Management Rules and Extended
Producer Responsibility (EPR) regulations are pushing industries toward higher
recyclate adoption. Increasing demand for recycled plastics, metals, glass, and
paper in packaging, automotive, and construction sectors further boosts market
potential. Technological advancements in sorting, processing, and upcycling are
creating investment opportunities for domestic and international players.
Additionally, the growth of urban waste collection and material recovery
facilities (MRFs) enhances recyclate availability, positioning India as a key
player in global sustainable resource management.Top of Form” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based Global management consulting firm.
“India Recyclate Market By Source
Type (Paper & Cardboard, Plastic, Glass, Metal, Organic, Construction &
Demolition Waste, Others), By Region, Competition, Forecast and Opportunities,
2020-2030F,”
has evaluated the future growth potential of India Recyclate Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Recyclate Market.
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