DUBLIN--(BUSINESS WIRE)--The "India Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering.
India's 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.
Under this subscription, you would be able to access India Plastic Recycling market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Plastic Recycling.
Years Considered for Analysis:
- Historical Years: FY2015-FY2020
- Base Year: FY2021
- Estimated Year: FY2022
- Forecast Period: FY2023 - FY2030
Key Topics Covered:
1. India Plastic Recycling Market Outlook, 2015-2030
1.1. Capacity By Company
1.2. Capacity By Location
1.5. Production By Company
1.6. Operating Efficiency By Company
1.7. Country-Wise Import
1.8. Country-Wise Export
1.9. Demand-Supply Gap
2. India Plastic Recycling Demand Outlook, 2015-2030
2.1. By End Use
2.2. By Application
2.3. By Sales Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales)
2.4. By Region
2.5. By Company Share of Leading Players
3. News & Deals
For more information about this report visit https://www.researchandmarkets.com/r/ni6upa
Laura Wood, Senior Press Manager
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