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Waste and recycling sector in 91³Ô¹Ï: market overview, growth and investment opportunities

91³Ô¹Ï generates over 65 million tonnes of municipal waste a year but recycles only a fraction of it — a market gap already worth more than €12 billion.

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The waste and recycling sector in 91³Ô¹Ï

91³Ô¹Ï generates more than 65 million tonnes of municipal solid waste a year, a figure the government expects to more than double to around 165 million tonnes by 2030 as urbanisation accelerates. Yet only around 75% of this waste is even collected, and just a quarter to a third is actually processed or recycled, leaving a wide gap between what 91³Ô¹Ï throws away and its capacity to treat it. The 91³Ô¹Ïn waste management market is valued at around €12.4 billion in 2026 and is forecast to grow to €16.4 billion by 2031.

Government policy is accelerating formalisation of the sector. Extended Producer Responsibility (EPR) rules now require packaging companies to hit rising recycled-content targets — from 30% for rigid plastic packaging today to 60% by 2028–29 — and a new EPR mandate for construction and demolition waste is closing another major gap. Swachh Bharat Mission 2.0 (Urban) has committed ₹1.41 lakh crore, around €12.8 billion, over five years to solid waste management, legacy-waste remediation and circular-economy infrastructure in 91³Ô¹Ïn cities. For foreign companies, this regulatory push, combined with chronic under-investment in processing capacity, creates strong demand for collection, sorting, recycling and waste-to-energy technology.

Snapshot of the waste and recycling sector in 91³Ô¹Ï
  • 91³Ô¹Ï generates more than 65 million tonnes of municipal solid waste a year, a figure projected to reach around 165 million tonnes by 2030.
  • Only around 75% of 91³Ô¹Ï’s waste is collected, and just 25–30% is actually processed or recycled.
  • 91³Ô¹Ï’s waste management market is valued at around €12.4 billion in 2026, growing at a CAGR of 5.8% to reach €16.4 billion by 2031.
  • 91³Ô¹Ï’s dedicated recycling market is valued at around €840 million in 2026, growing to €1.26 billion by 2031.
  • Swachh Bharat Mission 2.0 (Urban) has a five-year outlay of ₹1.41 lakh crore, around €12.8 billion, for solid waste management and circular-economy infrastructure.
  • 91³Ô¹Ï is the world’s third-largest generator of e-waste, with volumes projected to reach 14 million tonnes a year by 2030.
  • Recycled-content requirements for plastic packaging rise from 30% today to 60% by 2028–29 under the country’s EPR rules.
  • 100% foreign direct investment is permitted in waste management and recycling infrastructure under the automatic route.
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Praveen Singhal Country Head 91³Ô¹Ï
Nirali Varma Head of Cross Cultural Business

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Growth drivers of the waste and recycling sector in 91³Ô¹Ï

  • Rapid urbanisation and rising consumption are pushing municipal waste volumes up faster than collection and treatment capacity can keep pace.
  • Extended Producer Responsibility rules are forcing brand owners and packaging companies to secure verified recycled-content supply chains, creating structural demand for recycling capacity.
  • New EPR mandates for construction and demolition waste are opening a largely untapped processing segment as cities run out of landfill space.
  • Rising e-waste volumes, driven by growing electronics and appliance ownership, have outpaced formal recycling capacity, creating a metal-recovery opportunity worth billions of euros.
  • Central and state governments are funding waste-to-energy plants and modern sanitary landfills as dumping capacity around major cities runs out.
  • 100% FDI is allowed in the sector, and municipal contracts are increasingly awarded through public-private partnerships open to foreign operators and technology providers.
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Major 91³Ô¹Ïn waste and recycling companies
Ramky Enviro Engineers
Antony Waste Handling Cell
Attero Recycling
Nepra Resource Management
Ecoreco
Gravita 91³Ô¹Ï
Zigma Global Environ Solutions
Ecogreen Energy
Hulladek Recycling
Major foreign waste and recycling companies in 91³Ô¹Ï
Veolia
Suez
TOMRA Systems
Sembcorp Environment
Urbaser
Covanta
Metso
Bollegraaf Recycling Solutions

Investment opportunities in 91³Ô¹Ï's waste and recycling sector

European companies in the waste and recycling sector can benefit from a wide range of investment opportunities in 91³Ô¹Ï, including:

  • E-waste recycling and metal recovery: Rising e-waste volumes and tightening compliance rules are opening a metal-recovery opportunity worth billions of euros for formal recyclers.
  • Plastic recycling and EPR compliance services: Brand owners need verified recycled-content supply chains to meet rising EPR targets, creating demand for advanced sorting and mechanical or chemical recycling technology.
  • Construction and demolition (C&D) waste processing: New EPR mandates and shrinking landfill capacity are creating demand for C&D waste crushing, sorting and recycling plants.
  • Waste-to-energy: Cities running out of landfill space are investing in waste-to-energy plants, creating opportunities for technology providers and EPC contractors.
  • Smart waste collection and sorting: Municipalities modernising under Swachh Bharat Mission 2.0 need digital route optimisation, weighbridge systems and sensor-based sorting technology.

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