A lack of source segregation and robust infrastructure for sorting plastic waste is the main reason plastics end up in landfills or incineration plants as contaminated waste cannot be recycled
A signatory to the Paris Agreement on climate change, India is working toward reducing carbon dioxide emissions in the country. India generates 8.5 million tons of plastic waste with a waste collection rate of 70% to 80% as observed in the last four years. A lack of source segregation and robust infrastructure for sorting plastic waste is the main reason plastics end up in landfills or incineration plants as contaminated waste cannot be recycled. Only 70% of waste generated enters the country’s formal sector to be recycled. Waste generators have shown considerable improvement in waste management awareness, but to achieve required outcomes and transition into a circular economy, the government needs to provide incentives in the form of policy support and subsidies.
Both flexible and rigid packaging accounted for an estimated 59% of plastics produced in India in 2021. India’s regulations on extended producer responsibility (EPR) reflect the government’s strict approach in putting the responsibility of post-consumer plastic waste management on the producers, importers, and brand owners that introduce plastics into the economy. The government’s ban on single-use plastics taking effect in January 2022 is another step to promote circularity in the plastic packaging waste recycling ecosystem.
This report presents growth drivers of the circular economy in the plastic packaging waste recycling market, trends shaping the market, and challenges stakeholders face in the value chain. In addition to listing the current installed capacity of plastic waste recycling in India, the report has mapped hotspots in the country which new market entrants or existing participants can consider for expansion. The report discusses the market’s competitive environment, revenue potential, and growth opportunities for market participants. The value propositions of key participants that have contributed to the market’s transformation are also profiled in the report.
Key Issues Addressed
- What is the current status of the plastic packaging waste recycling market in India?
- What are the growth drivers and restraints affecting the market? What are the competitive factors in this market?
- Is the market growing? How long and fast will it grow?
- What are the primary regulations affecting the market?
- Which growth regions are suitable for plastic waste recyclers to achieve logistical cost advantages?
- How competitive is the market? Who are the main participants and what are their innovative business models or solutions?
- How are revenues expected to change from 2022 to 2030?
- What avenues are available for strategic investments in the plastic packaging waste recycling value chain? How can key stakeholders contribute to circularity?
Table of Contents
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top Three Strategic Imperatives on the Indian Plastic Packaging Waste Recycling Market
- Growth Opportunities Fuel the Growth Pipeline Engine
- Scope of Analysis
- Key Growth Metrics
- Overview of India and its Plastic Waste Management
- Plastic Packaging Waste Recycling in India
- Circularity in Plastic Packaging Waste Recycling
- Opportunities and Challenges in Circularity
- Impact Mapping of Opportunities and Challenges in Circularity
- Demand for Plastics by End-user Sector/Application
- Packaging Polymer Types and Their Recycling Status
- Recycling Types and Their Circularity Potential
- Regulatory Frameworks for Plastic Waste
- EPR Promotes Formal Waste Management and Circularity
- EPR Scheme Explained
- Trends in the Plastic Packaging Waste Recycling Market
- Regional Initiatives in Plastic Packaging Waste Recycling
- Market for Recycled Plastics
- Generated and Collected Plastic Waste Volume Forecast
- Plastic Waste Volume Forecast by Process
- Recyclable Waste Volume Forecast
- Recyclable Waste Revenue Forecast
- Key Stakeholders and Their Influence in the Future Value Chain
- Companies to Watch Out For
- Growth Opportunity 1 - Strategic Partnerships to Help FMCG Companies Achieve Plastic Waste Neutrality
- Growth Opportunity 2 - Increased Investments in Mechanical Recycling to Capitalize on Market Potential
- Growth Opportunity 3 - Emphasis on Developing Recyclable, Reusable, and Compostable Packaging
- Growth Opportunity 4 - Innovative Upcycling to Harness Value from Plastic Waste
- Growth Opportunity 5 - Digital Transformation in Plastic Packaging Waste Recycling
- Regional Hotspots for Recycling
- Regional Installed Base of Plastics Manufacturers
- Plastic Packaging Waste Recycling Value Chain - Key Participants
- List of Exhibits