Forecast
Period
|
2026-2030
|
Market
Size (2024)
|
USD
6,253.29 Million
|
Market
Size (2030)
|
USD
11,337.25 Million
|
CAGR
(2025-2030)
|
10.26%
|
Fastest
Growing Segment
|
Glass
|
Largest
Market
|
South
India
|
Market Overview
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.
The India Recyclate Market is witnessing
significant growth, driven by increasing environmental concerns, stringent
government regulations, and the rising adoption of circular economy principles.
Recyclates, which include recycled plastics, paper, metals, and glass, are
becoming integral to industries seeking sustainable raw material alternatives.
With India's rapid industrialization and urbanization, the country generates a
massive volume of waste, leading to a greater need for efficient recycling and
waste management solutions. The government’s initiatives, such as the Swachh
Bharat Abhiyan, Extended Producer Responsibility (EPR) regulations, and the Plastic
Waste Management Rules, are fostering the adoption of recyclates across
multiple sectors, including packaging, automotive, construction, and textiles.
The plastic recyclate segment is
witnessing strong demand due to the rising use of recycled PET and HDPE in
packaging applications, including bottles, containers, and films. Leading FMCG
and beverage companies are increasingly incorporating post-consumer recycled
(PCR) content in their packaging to meet sustainability goals. Additionally,
the automotive sector is integrating recycled plastics into vehicle interiors
and components to reduce its carbon footprint. Similarly, metal recyclates,
particularly aluminum and steel, are gaining traction in industries such as
construction, automotive, and electrical equipment manufacturing due to their
cost-effectiveness and lower energy consumption compared to virgin materials.
The paper recyclate market is expanding
as companies shift towards sustainable paper-based packaging and the ban on
single-use plastics fuels demand for alternative materials. The growing
e-commerce sector is also driving the need for recycled corrugated packaging.
Additionally, glass recyclates are finding applications in construction, bottle
manufacturing, and road infrastructure projects, further boosting market
expansion.
Despite the promising outlook, the
market faces challenges such as inconsistent quality of recyclates, lack of
advanced recycling infrastructure, and inefficient waste collection systems.
However, advancements in recycling technologies, increasing investment in
material recovery facilities, and rising corporate commitments towards
sustainability are expected to overcome these barriers, positioning India’s
recyclate market for substantial growth in the coming years.
Key Market Drivers
Government Regulations and Policies Promoting
Recycling
The Indian government has implemented several
policies to encourage the recycling industry, driving significant growth in the
recyclate market. The Plastic Waste Management Rules (2016, amended in 2022)
introduced Extended Producer Responsibility (EPR), making manufacturers and
brand owners accountable for managing plastic waste. Additionally, the ban on
single-use plastics in 2022 created demand for sustainable alternatives,
increasing the need for recycled plastics. The Swachh Bharat Abhiyan and Smart
Cities Mission also emphasize waste management and recycling, encouraging
municipalities to adopt advanced recycling techniques. The Recycling of Ships
Act (2019) promotes safe recycling practices in the ship-breaking industry,
reducing environmental hazards while boosting recyclate production. Financial
incentives, such as subsidies for recycling plants and tax exemptions on
eco-friendly businesses, further encourage private investment. Moreover, the
Indian government has committed to reducing plastic waste by 30% by 2026,
enhancing the recyclate supply chain.
India imports over 1.5 million metric tons of
plastic raw materials annually, while also exporting around 1 million metric
tons of plastic products and materials. With state governments increasingly mandating waste segregation and plastic
buyback schemes, more recycled plastic is entering the supply chain. Regulatory
interventions, particularly stringent recycling quotas, are expected to create
long-term growth for recyclate manufacturers. These policies create a
structured and organized recycling ecosystem, ensuring higher efficiency in
waste collection, processing, and reuse, thereby driving the recyclate market
in India.
Rising Plastic Consumption and Waste Generation
India’s plastic consumption has increased
significantly due to urbanization, industrialization, and growing consumer
demand, leading to an increase in waste generation. The country generates
around 3.5 million metric tons of plastic waste annually, with only 60% being
recycled. The remaining waste is either incinerated, dumped in landfills,
or pollutes the environment. The increase in e-commerce, retail packaging, and
FMCG products has led to a surge in single-use plastics, which require
effective recycling systems. The per capita plastic consumption in India,
currently at 11 kg per year, is expected to grow, further increasing waste
output. Additionally, automobile, electronics, and construction industries
are major consumers of plastic, contributing to industrial plastic waste, which
has high recyclability potential. As companies strive for sustainable material
sourcing, demand for post-consumer recycled (PCR) plastics and high-quality
recyclates is rising. The increased adoption of plastic alternatives, such as
recycled polyethylene terephthalate (rPET) in food packaging and recycled
polypropylene (rPP) in manufacturing, highlights the market shift. Moreover, waste
collection infrastructure and advancements in recycling technologies ensure
that more plastic waste is processed efficiently. With growing awareness about
environmental sustainability, industries and consumers are prioritizing
recycled products, making recyclate a crucial material for multiple industries.
Technological Advancements in Recycling Processes
The India recyclate market is witnessing rapid
advancements in recycling technologies, improving efficiency, quality, and
output. Chemical recycling, which breaks down plastic waste into raw materials,
is gaining traction due to its ability to recycle previously non-recyclable
plastics. Advanced mechanical recycling methods, such as infrared sorting,
automated segregation, and AI-driven waste identification, enhance recycling
accuracy and efficiency. Extrusion and pelletizing techniques have evolved,
leading to higher-quality recyclates suitable for use in food-grade packaging,
textiles, and automotive applications. Moreover, biodegradable plastic
processing technologies are being developed, providing additional avenues for
sustainable material management. The introduction of pyrolysis and
depolymerization allows for the conversion of plastic waste into fuel, further
diversifying the recycling industry. Blockchain-enabled waste tracking systems
are also improving transparency in supply chains, ensuring quality control in
recyclate production. Additionally, research on recycled polymer composites has
led to their use in construction and furniture, expanding market opportunities.
With robotic automation improving waste sorting and recycling plant operations,
efficiency has increased while costs have declined. Private and public
investments in R&D continue to drive innovation in the sector, making
recycling operations more scalable and profitable. The rise of circular economy
models and the push for closed-loop recycling systems ensure that recyclate
production meets growing demand. As technology advances, recyclates become more
widely accepted across industries, strengthening market growth.
Growing Corporate Sustainability Initiatives
With global sustainability becoming a corporate
priority, businesses are increasingly adopting recyclate materials to reduce
their carbon footprint. Major corporations, including Coca-Cola, PepsiCo,
Unilever, and Nestlé, have pledged to incorporate recycled plastic packaging
into their supply chains. Many industries, such as automotive, electronics, and
textiles, are also shifting towards sustainable material sourcing, leading to a
surge in demand for high-quality recyclates. Extended Producer Responsibility
(EPR) mandates further push businesses to ensure a certain percentage of their
packaging materials come from recyclates. Additionally, green building
initiatives promote the use of recycled construction materials, including
recycled plastics and metals. The rise in ESG (Environmental, Social, and
Governance) reporting has made sustainability compliance a necessity, leading
to investments in recyclate procurement. E-commerce giants like Amazon and
Flipkart are also reducing virgin plastic use by increasing recycled content in
their packaging. Furthermore, companies are establishing waste collection and
buyback programs, ensuring a steady supply of recyclate materials. The demand
for post-consumer recycled (PCR) materials has surged, especially in food
packaging, consumer goods, and industrial applications. These sustainability
efforts are reshaping product manufacturing and pushing the recyclate market
forward.
Increasing Consumer Awareness and Demand for
Eco-Friendly Products
Consumer preferences are shifting towards eco-friendly
and sustainable products, driving demand for recycled materials across various
industries. With environmental consciousness on the rise, buyers are actively
choosing products made from recycled plastics, paper, and metals. The expansion
of sustainable fashion and eco-friendly packaging has further fueled recyclate
consumption. Millennials and Gen Z consumers, in particular, prefer brands that
use recycled materials, influencing companies to adopt recyclate-based production.
Awareness campaigns, such as Plastic-Free July and government-led
sustainability initiatives, have educated consumers on the benefits of
recyclates. The growth of refillable and biodegradable packaging also
complements recyclate usage. Additionally, eco-labeling and green
certifications assure consumers of a product’s recyclate content, building
trust in sustainable goods. As consumer preferences evolve, industries are
adapting to the shift, ensuring recyclate remains a vital part of product
manufacturing.
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Key Market Challenges
Lack of Standardized Recycling Infrastructure
India's recyclate market faces significant
challenges due to the lack of a standardized recycling infrastructure across
states. While metropolitan cities like Delhi, Mumbai, and Bengaluru have
relatively developed waste management systems, rural and semi-urban areas
struggle with inadequate collection and sorting mechanisms. The country relies
heavily on the informal sector, which manages over 80% of the recycling process.
However, this sector operates without uniform regulations, leading to
inefficiencies in waste segregation and processing.
A major issue is the fragmented supply chain, where
different states have varied approaches to waste collection. For instance, some
states have effective Extended Producer Responsibility (EPR) frameworks, while
others lack proper monitoring mechanisms. Additionally, outdated recycling
technologies lead to low-quality recyclates that do not meet global standards,
limiting export opportunities.
Moreover, plastic segregation remains a major
bottleneck. Most recyclers receive mixed plastic waste, making it difficult to
produce high-purity recyclates. Inconsistent labeling and improper disposal
habits among consumers further compound this challenge. Unlike developed
nations, where automated sorting systems are prevalent, India still depends on manual
segregation, which is time-consuming and inefficient.
Addressing this issue requires investments in
centralized waste processing plants, government incentives for modern recycling
technologies, and a nationwide standardization policy for waste collection and
segregation. Encouraging public-private partnerships (PPPs) can also help
develop a more efficient, structured recycling ecosystem.
Without standardized infrastructure, recyclers
struggle to maintain consistent supply and quality, ultimately affecting the
industry's growth potential. Developing a cohesive, technology-driven waste
management framework is crucial to overcoming this challenge and enhancing the
sustainability of India's recyclate market.
Low Consumer Awareness and Participation
One of the biggest challenges in the India
Recyclate Market is the low level of consumer awareness and participation in
waste segregation and recycling. Despite efforts to promote sustainable
practices, a significant portion of plastic waste in India remains unsegregated,
making it difficult for recyclers to process high-quality recyclates.
Most consumers lack proper knowledge about
recycling protocols, leading to improper disposal of plastics and other
recyclables. Single-use plastics (SUPs), for instance, are frequently disposed
of with organic waste, contaminating recyclable materials and reducing their
usability. In many areas, waste segregation at the source is either
non-existent or poorly enforced, forcing recyclers to invest additional
resources in sorting mixed waste.
Another issue is the limited availability of
structured collection systems, particularly in smaller cities and rural areas.
While large corporations have introduced Extended Producer Responsibility (EPR)
programs, these initiatives do not always reach the general public effectively.
Many waste collectors and scrap dealers remain uninformed about best recycling
practices, further complicating efforts to develop a streamlined recyclate
supply chain.
To tackle this challenge, government bodies, NGOs,
and private companies must enhance educational initiatives, emphasizing the
importance of waste segregation and sustainable consumption habits.
Additionally, implementing incentive-based recycling schemes—such as cashback
programs for returning used plastic containers—can encourage higher consumer
participation.
Without increased consumer awareness, the recyclate
market will continue to face issues related to contaminated waste streams and
inefficiencies in collection, limiting India's ability to produce high-quality
recycled materials.
Quality and Contamination Issues in Recyclates
The quality of recyclates in India remains a
critical challenge, affecting their usability across various industries. Unlike
virgin plastics, which offer high consistency and purity, recyclates often
suffer from contamination, inconsistencies in material properties, and degraded
mechanical strength.
One of the primary causes of low-quality recyclates
is the lack of proper segregation at the waste collection stage. Many plastic
waste streams in India contain food residues, dyes, and non-recyclable plastics,
making it difficult to produce high-purity recyclates. As a result,
manufacturers hesitate to adopt recycled materials for high-end applications
such as food packaging and medical products.
Another issue is the use of outdated recycling
technologies. Many small and medium-sized recyclers in India rely on basic
mechanical recycling methods, which may not effectively remove impurities from
plastic waste. Additionally, the absence of stringent quality control measures
results in inconsistencies in color, texture, and strength, limiting
recyclates' application in industries requiring high-performance materials.
Addressing this challenge requires investment in advanced
recycling technologies, such as chemical recycling, which can break down
plastics at a molecular level to produce near-virgin quality materials.
Additionally, enforcing stringent material testing standards and encouraging
the adoption of automated sorting systems can help improve recyclate quality.
If quality concerns persist, businesses will remain
hesitant to use recyclates, slowing down market growth and affecting India's
sustainability goals.
Regulatory and Policy Challenges
The India Recyclate Market faces significant regulatory
hurdles, with inconsistent policies and weak enforcement slowing down the
sector’s development. While India has introduced multiple regulations, such as
the Plastic Waste Management Rules, 2016, and the Extended Producer
Responsibility (EPR) framework, the implementation remains inconsistent across
states.
One of the key issues is the lack of a clear
definition for recyclates in different applications. Certain industries, such
as food and beverage packaging, have strict safety standards that restrict the
use of recycled plastics, limiting the market demand for high-quality
recyclates. Similarly, import restrictions on post-consumer recyclates create
supply shortages for industries dependent on recycled materials.
Additionally, bureaucratic delays and
inefficiencies in obtaining recycling licenses discourage investment in the
sector. Many recyclers struggle with lengthy approval processes, unclear
taxation structures, and inconsistent waste management rules, affecting their
ability to scale operations.
To address these regulatory challenges, India needs
a unified recycling policy that promotes clear guidelines on recyclate usage,
streamlined licensing procedures, and incentives for sustainable practices.
Stronger enforcement of waste management laws and a centralized monitoring
system can help bridge gaps in the regulatory framework.
Without regulatory clarity and proper enforcement,
recyclers will face continued hurdles, limiting the overall growth of the
recyclate market in India.
Competition from Virgin Plastic and Cost Concerns
Despite the push for sustainability, recyclates in
India face stiff competition from virgin plastic materials, which are often
cheaper and more readily available. Virgin plastics benefit from economies of
scale, whereas recyclates are subject to higher processing costs, supply chain
inefficiencies, and variable quality, making them less attractive to
manufacturers.
One of the biggest cost concerns is energy
consumption in recycling. Mechanical and chemical recycling processes require
significant energy inputs, making recyclates costlier than virgin plastics in
many cases. Additionally, collection and sorting costs increase recyclate
prices further, especially when dealing with mixed waste streams.
Another factor is fluctuating crude oil prices.
Since virgin plastic production depends on petroleum-based raw materials, lower
crude oil prices make virgin plastics cheaper, reducing demand for recyclates.
As a result, industries that are not bound by sustainability regulations often
prefer virgin plastics over recyclates, impacting market growth.
To make recyclates more competitive, government
subsidies and tax benefits for recycled materials should be introduced.
Additionally, investment in efficient recycling technologies and automation in
sorting and processing can help reduce operational costs.
If cost disadvantages persist, recyclates will
struggle to gain mainstream acceptance, limiting the overall growth potential
of the recyclate market in India.
Key Market Trends
Increasing Demand for Recycled Plastics in
Packaging and Manufacturing
The demand for recycled plastics in India is
surging, particularly in the packaging and manufacturing sectors, as industries
seek sustainable alternatives to virgin plastics. With the rise in e-commerce,
food delivery services, and FMCG industries, there is a growing need for
eco-friendly packaging solutions. Many companies are shifting towards rPET
(recycled polyethylene terephthalate) and other recyclates to meet
sustainability goals and comply with government regulations.
Several multinational corporations and Indian
brands are integrating recyclates into their packaging strategies. Companies
such as Coca-Cola, PepsiCo, and Unilever have pledged to incorporate higher
recycled content into their plastic packaging by 2030. This shift is also
driven by consumer demand for environmentally responsible products, pushing
manufacturers to adopt recycled plastics in packaging.
Additionally, the automobile and textile industries
are utilizing recyclates to produce automotive components, synthetic fabrics,
and consumer goods. For instance, the use of recycled PET (rPET) in textile
fibers is gaining traction as brands move towards sustainable fashion.
Automotive manufacturers are integrating recyclates into interior trims,
dashboards, and insulation materials to meet sustainability targets.
With technological advancements in recycling
methods, such as mechanical and chemical recycling, the quality of recyclates
has improved, making them more viable for industrial applications. The development
of food-grade recyclates has further expanded their use in the food and
beverage sector, allowing for the creation of recycled-content bottles and
containers.
As the government enforces stricter plastic waste
management policies, industries will continue to embrace recyclates in their
production processes. The increasing consumer awareness and corporate
commitments towards sustainability will further drive demand, positioning the
recyclate market for significant growth in the coming years.
Expansion of Circular Economy and Closed-Loop
Recycling Initiatives
India is gradually moving towards a circular
economy model, where waste materials are continuously recycled and reintegrated
into production cycles, reducing the reliance on virgin raw materials. Closed-loop
recycling, which ensures that recyclates are used in the same product
applications, is becoming a key focus area for industries.
The Fast-Moving Consumer Goods (FMCG), automotive,
and textile industries are leading the way in implementing closed-loop
recycling systems. Companies like Nestlé, Hindustan Unilever, and Tata Motors
have developed sustainable sourcing strategies, ensuring the use of
high-quality recyclates in product manufacturing. In the packaging sector, rPET
(recycled PET) bottles are becoming a standard, with brands committing to 100%
recyclable packaging by 2030.
The Indian government is also fostering circular
economy principles through policies such as the EPR mandate, which requires
businesses to take responsibility for their plastic waste collection and
recycling. Initiatives like the Plastic Credit System enable manufacturers to
offset their plastic usage by purchasing credits from recycling companies,
promoting closed-loop systems.
Advancements in sorting, cleaning, and processing
technologies have enhanced recyclate quality, making them suitable for
high-performance applications. The integration of digital platforms for waste
collection and traceability, such as blockchain-based recycling tracking
systems, is further supporting the circular economy model.
As industries and policymakers emphasize waste
reduction and material reuse, the expansion of circular economy principles will
drive sustained growth in the India recyclate market. Companies that embrace
these practices will gain a competitive edge, benefiting from regulatory
incentives and increasing consumer demand for eco-friendly products.
Growing Investments in Advanced Recycling
Technologies
The recyclate market in India is witnessing a technological
transformation, with increasing investments in advanced recycling methods to
improve efficiency and recyclate quality. Traditional mechanical recycling has
long dominated the sector, but new technologies such as chemical recycling,
pyrolysis, and depolymerization are gaining traction.
Chemical recycling offers a breakthrough in
producing high-purity recyclates, allowing for the conversion of plastic waste
into monomers and polymers, which can be reused in packaging, textiles, and
industrial applications. Companies such as Reliance Industries and Indian Oil
Corporation are investing in chemical recycling plants to enhance recyclate
production.
Pyrolysis technology, which converts plastic waste
into fuel and feedstock materials, is being explored as an alternative solution
to reduce plastic pollution. Several startups and research institutions are
developing waste-to-energy solutions, leveraging plastic waste to generate
energy and raw materials.
In addition, the use of artificial intelligence
(AI) and automation in sorting and processing has improved recyclate quality by
minimizing contamination. Smart waste collection systems and robotic sorting
technologies are optimizing recycling operations, reducing costs, and
increasing recyclate yield.
With the government’s focus on waste-to-resource
initiatives, significant funding is being allocated to public-private
partnerships (PPPs) for advanced recycling infrastructure. The adoption of
these technologies will accelerate recyclate market growth, making high-quality
recycled materials more accessible to industries.
Rising Consumer Awareness and Demand for
Sustainable Products
Consumer preferences in India are rapidly shifting
towards sustainable and eco-friendly products, influencing companies to
integrate recyclates into their offerings. The rising awareness about plastic
pollution, environmental degradation, and climate change has prompted a growing
demand for products made from recycled materials.
Brands are responding to this shift by launching sustainability-driven
product lines, featuring packaging and materials made from recyclates. The
demand for rPET bottles, recycled textiles, and eco-friendly consumer goods is
increasing, particularly among urban consumers who prioritize environmental
responsibility.
Additionally, retailers and e-commerce platforms
are promoting sustainable products by highlighting their recycled content and
eco-certifications. Many brands now advertise their commitment to carbon
neutrality and circular economy principles, influencing purchasing behavior.
Corporate sustainability initiatives, such as zero-waste
packaging and carbon footprint reduction strategies, are further propelling the
recyclate market. As more consumers adopt sustainable consumption habits,
businesses are expected to increase recyclate usage, reinforcing India’s
position in the global circular economy.
Segmental Insights
Source Type Insights
Plastic segment dominated in the India Recyclate market in 2024 due to the increasing emphasis on plastic
waste management, government regulations, and the growing demand for recycled
plastics in various industries. With India generating approximately 3.5 million
metric tons of plastic waste annually, the need for effective recycling
solutions has intensified, making plastic recyclates the most sought-after
material in the market.
A significant driver of this dominance
is the implementation of the Extended Producer Responsibility (EPR) framework,
which mandates that plastic producers, importers, and brand owners (PIBOs)
recycle a substantial portion of their plastic waste. This policy has
incentivized industries to adopt recycled PET (rPET), recycled polypropylene
(rPP), and recycled polyethylene (rPE) in their manufacturing processes. As a
result, companies across packaging, automotive, textiles, and consumer goods
sectors are integrating recyclates into their products to comply with
sustainability goals and reduce raw material costs.
The packaging industry, particularly FMCG,
food & beverage, and e-commerce, is a major consumer of plastic recyclates.
With increasing consumer preference for eco-friendly packaging, businesses are
replacing virgin plastics with rPET and rHDPE to produce bottles, containers,
and flexible packaging solutions. Similarly, the automobile and construction
industries are incorporating recycled plastics in interior trims, insulation
materials, and piping systems, further propelling the segment’s growth.
Advancements in mechanical and chemical
recycling technologies have significantly improved the quality of plastic
recyclates, making them viable for high-end applications. Additionally,
investments in closed-loop recycling initiatives by companies such as Reliance
Industries and Indian Oil Corporation have strengthened the supply chain for
plastic recyclates.
With government regulations, industrial
adoption, and technological advancements driving demand, the plastic segment
continues to dominate the India Recyclate Market, reinforcing its role in the
country’s transition towards a circular economy.
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Regional Insights
South India dominated the India Recyclate market in
2024, due to a combination
of strong industrial presence, government policies, and growing recycling
infrastructure. The region, particularly states like Tamil Nadu, Karnataka,
Telangana, and Andhra Pradesh, has emerged as a key hub for recyclate
production and consumption, driven by increasing awareness of sustainable waste
management and stringent environmental regulations.
A primary factor contributing to South
India's dominance is its well-established plastic, textile, and metal
industries, which heavily rely on recyclates to reduce costs and comply with
sustainability goals. Cities like Chennai, Bengaluru, and Hyderabad are home to
major manufacturing and technology hubs, where industries are increasingly
adopting recycled plastics, metals, and paper in their production processes.
The high concentration of automobile, packaging, and construction industries in
this region further fuels demand for recyclates, especially in applications
like recycled PET (rPET), aluminum, and steel scrap.
Another major driver is government-led
sustainability initiatives that promote waste segregation, circular economy
practices, and investments in Material Recovery Facilities (MRFs). South India
has been at the forefront of Extended Producer Responsibility (EPR)
implementation, with both state governments and private companies collaborating
on large-scale plastic waste collection and processing initiatives. Bengaluru,
in particular, has set up advanced recycling centers that cater to increasing
industrial and consumer demand for high-quality recyclates.
Additionally, the rising adoption of
eco-friendly packaging solutions in South India’s booming e-commerce and retail
industries has significantly increased the demand for recycled materials.
Leading FMCG and logistics companies are replacing virgin plastic with sustainable
alternatives, boosting the recyclate market.
With robust industrial demand,
government support, and advanced recycling infrastructure, South India
continues to lead the India Recyclate Market, reinforcing its position as the epicenter
of sustainable waste management and circular economy initiatives in the
country.
Recent Developments
- In January 2025, experts and policymakers in Indonesia,
Malaysia, and the Philippines intensified efforts to tackle plastic waste
through innovative upstream solutions. With rising concerns over environmental
and marine health, these nations are leveraging IAEA support under the NUclear
TEChnology for Controlling Plastic Pollution (NUTEC Plastics) initiative. This
collaboration enhances nuclear technology applications to effectively monitor,
manage, and mitigate plastic pollution, reinforcing sustainability and
regulatory frameworks while advancing waste reduction strategies across
industries.
- In April 2024, the EU and India established a
strategic partnership to drive start-up collaboration in EV battery recycling.
This initiative, launched through an Expression of Interest (EoI), aims to
strengthen ties between SMEs and startups in both regions. By facilitating knowledge
exchange and technological innovation, the partnership accelerates circular
economy practices and supports carbon neutrality goals, fostering a sustainable
battery recycling ecosystem essential for the growing electric vehicle industry.
- In March 2024, Meraxis and Fortum Recycling &
Waste expanded their strategic partnership to enhance recyclate distribution
across Europe. The portfolio includes high-quality PP, HDPE, and LDPE
recyclates sourced from post-consumer waste in Northern Europe, catering to automotive,
furniture, household, and garden tool industries. Certain variants comply with EU
toy safety regulations. Additionally, Fortum’s Lab develops customized
re-compounds, optimizing properties like strength, processing, and color to
meet Meraxis customers’ specific application requirements, reinforcing
sustainability and innovation in plastics recycling.
- In January 2025, Re Sustainability and Recycling
Private Limited (ReSRL) partnered with Aarti Circularity Limited (ACL), a
subsidiary of Aarti Industries Limited (AIL), to launch India's
first-of-its-kind joint venture company (JVCo). This collaboration aims to develop
Plastic Materials Recycling Facilities (PMRFs) nationwide, driving plastic
resource recovery and sustainable resource management. The initiative
reinforces India’s commitment to circular economy practices, enhancing recycling
infrastructure and promoting efficient waste utilization across industries.
Key
Market Players
- 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.
By Source Type
|
By Region
|
- Paper & Cardboard
- Plastic
- Glass
- Metal
- Organic
- Construction & Demolition Waste
- Others
|
- North India
- South India
- West India
- East India
|
Report Scope:
In this report, the India Recyclate Market has been
segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- India Recyclate
Market, By Source Type:
o Paper & Cardboard
o Plastic
o Glass
o Metal
o Organic
o Construction &
Demolition Waste
o Others
- India Recyclate Market, By Region:
o North India
o South India
o West India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India Recyclate
Market.
Available Customizations:
India Recyclate Market report with the given
market data, TechSci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
India Recyclate Market is an upcoming report to be
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