The recycled plastic granules market is driven by several key dynamics. Firstly, increasing environmental concerns and government regulations promoting sustainable practices have led to a surge in demand for recycled plastics. The rising awareness about the negative impacts of single-use plastics has also fueled the market growth. Additionally, cost-effectiveness and the energy savings associated with using recycled plastic granules have further boosted their adoption. Furthermore, the advancements in recycling technologies and processes have improved the quality and performance of recycled plastic granules, making them suitable for a wide range of applications. However, challenges such as the collection and sorting of plastic waste, contamination issues, and limited market demand for certain types of recycled plastics can hinder the market growth. Overall, the recycled plastic granules market is expected to witness significant expansion as industries increasingly adopt sustainable practices and prioritize the circular economy.
The global Recycled Plastic Granules Market is expected to reach US$ 3.96 Billion by the end of 2030, in terms of revenue, exhibiting a CAGR of 3.3% during the forecast period (2022 to 2030).
Major Players in the Recycled Plastic Granules Industry:
1. Polyclean Technologies Inc.
Polyclean Technologies Inc. is a company founded in 2005 and headquartered in California, United States. They specialize in the production of recycled plastic granules. Polyclean Technologies Inc. has been actively involved in research and development to improve the quality and performance of their recycled plastic granules. They have recently developed a new process to enhance the purity and consistency of their recycled plastic products.
2. Goverdhan Polygran Pvt. Ltd.
Goverdhan Polygran Pvt. Ltd. is an Indian company that was established in 2002. The company is based in Gujarat, India, and is involved in the manufacturing of recycled plastic granules. They have a strong focus on sustainable practices and have invested in advanced recycling technologies. Goverdhan Polygran Pvt. Ltd. recently expanded their production capacity and introduced new recycled plastic granule variants to cater to the growing demand for eco-friendly plastic solutions.
3. Nidhi Enterprises
Nidhi Enterprises is an Indian company founded in 1997 and headquartered in Maharashtra, India. They specialize in the production and distribution of recycled plastic granules. Nidhi Enterprises has been actively involved in promoting the use of recycled plastics as a sustainable alternative. They recently collaborated with a packaging company to develop recycled plastic granules specifically for packaging applications, reducing the reliance on virgin plastic materials.
4. S.S.B Polymers & S.S.B Enterprises
S.S.B Polymers & S.S.B Enterprises is an Indian company that was established in 1995. They are based in Delhi, India, and are engaged in the manufacturing of recycled plastic granules. S.S.B Polymers & S.S.B Enterprises recently invested in state-of-the-art recycling machinery to enhance their production capabilities. They have also implemented quality control measures to ensure the consistent quality of their recycled plastic granules.
5. The Shakti Plastic Industries
The Shakti Plastic Industries is an Indian company founded in 1992 and headquartered in Gujarat, India. They specialize in the production of recycled plastic granules. The Shakti Plastic Industries recently introduced a new range of recycled plastic granules with improved strength and durability, making them suitable for various applications such as injection molding and extrusion processes.
6. Dar AI Khaleej Plastics
Dar AI Khaleej Plastics is a Saudi Arabian company that was established in 2005. They are based in Riyadh, Saudi Arabia, and are involved in the production and distribution of recycled plastic granules. Dar AI Khaleej Plastics recently expanded their operations and invested in advanced recycling technologies to meet the increasing demand for sustainable plastic solutions in the region.
7. GRM Polymer
GRM Polymer is an Indian company founded in 1999 and headquartered in Maharashtra, India. They specialize in the manufacturing of recycled plastic granules. GRM Polymer recently developed a new process to convert post-consumer plastic waste into high-quality recycled plastic granules. This innovation has allowed them to produce eco-friendly plastic materials with improved properties and performance.
8. Jai Shree Balaji Plastic
Jai Shree Balaji Plastic is an Indian company that was established in 1994. They are based in Gujarat, India, and are engaged in the production and supply of recycled plastic granules. Jai Shree Balaji Plastic has recently collaborated with a multinational consumer goods company to develop customized recycled plastic granules for their product packaging, contributing to their sustainability goals.
9. Kamal Polyplast
Kamal Polyplast is an Indian company founded in 2007 and headquartered in Gujarat, India. They specialize in the production and distribution of recycled plastic granules. Kamal Polyplast recently invested in advanced recycling machinery to enhance their production efficiency and expand their product offerings. They have also expanded their distribution network to serve customers in multiple countries.
10. Mittal Polymers
Mittal Polymers is an Indian company that was established in 1998. They are based in Delhi, India, and are involved in the manufacturing and trading of recycled plastic granules. Mittal Polymers recently introduced a new range of recycled plastic granules with improved color options and consistent quality. They have also expanded their operations to cater to the growing demand for recycled plastic materials.
11. Nahata Plastics
Nahata Plastics is an Indian company founded in 1988 and headquartered in Rajasthan, India. They specialize in the production of recycled plastic granules. Nahata Plastics recently implemented a closed-loop recycling system, enabling them to collect, process, and manufacture recycled plastic granules from post-industrial and post-consumer plastic waste. This system has significantly reduced their environmental footprint and increased their production capacity.
12. Navkar Industries
Navkar Industries is an Indian company that was established in 2005. They are based in Gujarat, India, and are involved in the manufacturing and trading of recycled plastic granules. Navkar Industries recently introduced a new line of recycled plastic granules with enhanced flame retardant properties, making them suitable for applications in the electrical and electronics industry.
13. Amruta Plastic
Amruta Plastic is an Indian company founded in 1995 and headquartered in Maharashtra, India. They specialize in the production and distribution of recycled plastic granules. Amruta Plastic recently invested in advanced recycling technologies to improve the efficiency of their recycling process and enhance the quality of their recycled plastic granules.
14. Raza Traders
Raza Traders is a Pakistani company that was established in 2001. They are based in Karachi, Pakistan, and are involved in the trading of recycled plastic granules. Raza Traders recently expanded their product portfolio to include a wider range of recycled plastic granules, catering to the diverse needs of their customers.
Definition- Recycled plastic granules refer to small, uniform particles of plastic material that are obtained through the process of recycling post-consumer or post-industrial plastic waste. These granules can be used as raw material for various plastic manufacturing applications.
