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India Recycled PET Market 2024-2030: Share, Revenue, Forecast, Companies, Trends, Industry, Value, Size, Growth & Analysis: Market Forecast by Type, Grade, Application and Competitive Landscape

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    Report

  • 66 Pages
  • July 2024
  • Region: India
  • 6W Research
  • ID: 5983647

The recycled PET market in India has seen an upswing in recent years, attributed to increased utilization in the food and beverage packaging sector as approximately 63% of bottles are specifically allocated for packaging beverages like water, soft drinks, fruit drinks, dairy, and liquor. Notably, Hindustan Unilever and several other FMCG companies incorporated 90% recycled PET packaging for specific product segments, creating significant demand for rPET products in recent years.

According to the publisher, India Recycled PET Market size is projected to grow at a CAGR of 9.3% during 2024-2030F. The growth of the India recycled PET industry is driven by the rising use of recycled PET in FMCG and Textile industry as FMCG firms commit to sustainability, aiming for 50% recycled PET in packaging by 2030 and the growing textile industry which utilises around 50%-60% is anticipated to rise in upcoming years. Moreover, government initiatives such as phasing out of single-use plastic items and mandate extended producer responsibility to PIBO(producers, importers and brand owners) to recycle plastic content in packaging with the target to reach 50% by 2025 for Category 1 and 4 plastics and 30% for category 2 and 3 plastics is driving the market ahead. Furthermore, the upcoming investment such as Indian Oil Corporation Limited (IOCL) plans to recycle 100 million discarded mineral water, cold drinks and other PET bottles annually to make eco-friendly uniforms for its staff is expected to propel future demand for the recycled PET market.

Market Segmentation by Types

In 2023, PET flakes are dominating the recycled PET market in terms of revenue, mainly due to their processing efficiency. Flakes are generally preferred for specific processes like extrusion and spinning in the production of fibers or non-woven fabrics, PET flakes stand out with their advantages in the melting and moulding process, contributing to their dominance in revenue generation.

Market Segmentation by Grade

Clear grade PET will lead the market in upcoming years as transparent quality, free from any coloration or haze, makes it the preferred choice for products that require a crystal-clear presentation as it aligns with the needs of industries where visual aesthetics are crucial.

Market Segmentation by Applications

In 2023, fibers maintain a dominant position in the recycled PET market in terms of revenues, primarily propelled by their pivotal role in the textile industry. PET fibers are utilized extensively in the production of polyester fabrics, and command significant global demand, thereby contributing substantially to the overall consumption of PET fibers.

Key Attractiveness of the Report

  • 10 Years of Market Numbers
  • Historical Data Starting from 2020 to 2023
  • Base Year: 2023
  • Forecast Data until 2030
  • Key Performance Indicators Impacting the Market
  • Major Upcoming Developments and Projects

Key Highlights of the Report

  • India Recycled PET Market Overview
  • India Recycled PET Market Outlook
  • India Recycled PET Market Forecast
  • Historical Data and Forecast of India Recycled PET Market Revenues and Volume, by Product, Grade, Applications for the Period 2020-2030F
  • Industry Life Cycle
  • India Recycled PET Market - Porter’s Five Forces
  • Market Drivers and Restraints
  • Market Trends
  • Market Opportunity Assessment
  • Company Revenue Ranking
  • Market Competitive Benchmarking
  • Company Profiles
  • Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Product Types
  • By Grade
  • By Applications
  • Others

Table of Contents


1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3. India Recycled PET Market Overview
3.1. India Recycled PET Market Revenues and Volume, 2020-2030F
3.2. India Recycled PET Market - Industry Life Cycle
3.3. India Recycled PET Market - Porter’s Five Forces

4. India Recycled PET Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints

5. India Recycled PET Market Trends
6. India Recycled PET Market Overview, By Types
6.1 India Recycled PET Market Revenue Share and Revenues, By Types, 2020-2030F
6.1.1 India Recycled PET Market Revenues, By Flakes, 2020-2030F
6.1.2 India Recycled PET Market Revenues, By Chips, 2020-2030F
6.2 India Recycled PET Market Volume Share and Volume, By Types, 2020-2030F
6.2.1 India Recycled PET Market Volume, By Flakes, 2020-2030F
6.2.2 India Recycled PET Market Volume, By Chips, 2020-2030F

7. India Recycled PET Market Overview, By Grade
7.1 India Recycled PET Market Revenue Share and Revenues, By Grade, 2020-2030F
7.1.1 India Recycled PET Market Revenues, By Cleared, 2020-2030F
7.1.2 India Recycled PET Market Revenues, By Colored, 2020-2030F
7.1.3 India Recycled PET Market Revenues, By Mixed, 2020-2030F
7.2 India Recycled PET Market Volume Share and Volume, By Grade, 2020-2030F
7.2.1 India Recycled PET Market Volume, By Cleared, 2020-2030F
7.2.2 India Recycled PET Market Volume, By Colored, 2020-2030F
7.2.3 India Recycled PET Market Volume, By Mixed, 2020-2030F

8. India Recycled PET Market Overview, By Application
8.1 India Recycled PET Market Revenue Share and Revenues, By Application, 2020-2030F
8.1.1 India Recycled PET Market Revenues, By Bottles, 2020-2030F
8.1.2 India Recycled PET Market Revenues, By Fibers, 2020-2030F
8.1.3 India Recycled PET Market Revenues, By Sheets, 2020-2030F
8.1.4 India Recycled PET Market Revenues, By Strapping, 2020-2030F
8.1.5 India Recycled PET Market Revenues, By Others, 2020-2030F
8.2 India Recycled PET Market Volume Share and Volume, By Application, 2020-2030F
8.2.1 India Recycled PET Market Volume, By Bottles, 2020-2030F
8.2.2 India Recycled PET Market Volume, By Fibers, 2020-2030F
8.2.3 India Recycled PET Market Volume, By Sheets, 2020-2030F
8.2.4 India Recycled PET Market Volume, By Strapping, 2020-2030F
8.2.5 India Recycled PET Market Volume, By Others, 2020-2030F

9. India Recycled PET Market - Key Performance Indicators
10. India Recycled PET Market - Opportunity Assessment
10.1. India Recycled PET Market Opportunity Assessment, By Types, 2030F
10.2. India Recycled PET Market Opportunity Assessment, By Grade, 2030F
10.3. India Recycled PET Market Opportunity Assessment, By Application, 2030F

11. India Recycled PET Market Competitive Landscape
11.1 India Recycled PET Market Revenues Ranking, By Companies, 2023
11.2 India Recycled PET Market Competitive Benchmarking, By Operating Parameters

12. Company Profiles
12.1 Green-O-Tech India
12.2 Srichakra Polyplast (India) Pvt Ltd
12.3 The Shakti Plastic Industries
12.4 Ganesha Ecosphere Ltd.
12.5 Dalmia Polypro Industries Pvt. Ltd.
12.6 Pashupati Group
12.7 Revalyu Recycling (India) Limited
12.8 Balaji Enterprises

13. Key Strategic Recommendations14. Disclaimer
List of Figures
1. India Recycled PET Market Revenues and Volume, 2020-2030F ($ Million, Kilo Tonnes)
2. Textile and Apparel Industry ($ Billion)
3. India Projections for Plastic Use, (Million Tonnes)
4. India Projections for Plastic Waste, (Million Tonnes)
5. India Recycled PET Market Revenue Share, By Types, 2023 & 2030F
6. India Recycled PET Market Volume Share, By Types, 2023 & 2030F
7. India Recycled PET Market Revenue Share, By Grades 2023 & 2030F
8. India Recycled PET Market Volume Share, By Grades 2023 & 2030F
9. India Recycled PET Market Revenue Share, By Application 2023 & 2030F
10. India Recycled PET Market Revenue Share, By Application 2023 & 2030F
11. FMCG Market in India, 2020-2027 ($ Billion)
12. India Recycling Market Size, 2021- 2027F, ($ Billion)
13. India Recycle PET Market Opportunity Assessment, By Product Type, 2030F
14. India Recycle PET Market Opportunity Assessment, By Material Types, 2030F
15. India Recycle PET Market Opportunity Assessment, By Application, 2030F
16. India Recycled PET Market Revenue Ranking, By Companies, 2023
List of Tables
1. India Extended Producer Responsibility Target for plastic packaging, 2024-2028 & Onwards, In %
2. India Recycled PET Market Revenues, By Types, 2020-2030F ($ Million)
3. India Recycled PET Market Volumes, By Types, 2020-2030F (KT)
4. India Recycled PET Market Revenues, By Grades, 2020-2030F ($ Million)
5. India Recycled PET Market Volumes, By Grades, 2020-2030F (KT)
6. India Recycled PET Market Revenues, By Application, 2020-2030F ($ Million)
7. India Recycled PET Market Revenues, By Application, 2020-2030F (KT)
8. Leading FMCG Companies in Personal Care Segment along with key products

Companies Mentioned

  • Green-O-Tech India
  • Srichakra Polyplast (India) Pvt Ltd
  • The Shakti Plastic Industries
  • Ganesha Ecosphere Ltd.
  • Dalmia Polypro Industries Pvt. Ltd.
  • Pashupati Group 
  • Revalyu Recycling (India) Limited
  • Balaji Enterprises