India Battery Recycling Market Share, Size, Industry Trends, Growth Analysis and Outlook 2025–2033

Jul 7, 2025 - 12:03
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India Battery Recycling Market Share, Size, Industry Trends, Growth Analysis and Outlook 2025–2033

Battery Recycling Market - India

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024USD 554.4 Million

Market Size in 2033USD 1,304.1 Million

Market Growth Rate (CAGR) 2025-2033: 8.93%

According to IMARC Group's report titled "India Battery Recycling Market Report and Forecast 2025-2033," the market reached USD 554.4 million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,304.1 million by 2033, exhibiting a growth rate (CAGR) of 8.93%  during 2025-2033.

Download sample copy of the Report: https://www.imarcgroup.com/india-battery-recycling-market/requestsample

India Battery Recycling Market Trends and Drivers:

  1. The India battery recycling market is picking up runaway pace with the growing usage of electric vehicles (EVs), increasing awareness regarding eco-friendly waste management, and mounting pressure from the regulatory authority to recycle the waste produced by batteries in an appropriate manner.

  2. Fundamentally, the increasing demand for lithium-ion batteries in industries like EVs, consumer electronics, and renewable energy storage is creating its own quota of retired batteries, thus fueling the requirement for efficient recycling processes.

  3. On top of this, government initiatives towards circular economy values and policies like Extended Producer Responsibility (EPR) are compelling manufacturers towards assuming responsibility for end-of-life management of batteries.

  4. Furthermore, scaling up e-mobility programs and solar panel installations are driving the demand for battery recycling to reclaim substantial amounts of materials such as lithium, cobalt, nickel, and lead for domestic production and minimize the import reliance.

  5. In addition to this, the economic advantages of recovering and reusing resources are encouraging industries to make investments in recycling technology and infrastructure.

  6. In addition, greater public-private partnerships, venture capitals influx, and pilot programs supported by the government are providing a huge thrust towards formalization of the recycling industry.

  7. In addition to this, expansion in the informal battery recycling industry and related environmental and health concerns are forcing tighter regulations and standardization of practices.

  8. Further, process innovations in recycling techniques, i.e., hydrometallurgical and pyrometallurgical processes, are boosting extraction yields and ecological sustainability.

  9. In addition to this, IoT and blockchain-enabled digital monitoring of battery lifecycle information also is encouraging correct collection and disposal practices.

  10. The growing number of EVs on Indian roads also are going to lead to a very high stock of end-of-life batteries within the next two years or so, which can be an humongous opportunity for organized recyclers.

  11. While all this is happening, the "Make in India" policy and clamor for local manufacturing of battery cells are rendering recycling locally more pertinent as a means of ensuring supply-chain material security.

  12. Besides, increasing consumer interest in green brands is driving companies to pursue recycling as part of their ESG initiative.

  13. In general, an intersection of policy paradigms, technological innovation, EV uptake, and green awareness is propelling the India battery recycling industry into a organized, scaled-up, and clean future.

India Battery Recycling Industry Segmentation:

We explore the factors propelling the India battery recycling market growth, including technological advancements, consumer behaviors, and regulatory changes.

Type Insights:

  • Lead-acid Batteries
  • Nickel-based Batteries
  • Lithium-based Batteries
  • Others

Source Insights:

  • Industrial
  • Automotive
  • Consumer Products
  • Electronic Appliances
  • Others

End Use Insights:

  • Reuse
  • Repackaging
  • Extraction
  • Others

Material Insights:

  • Manganese
  • Iron
  • Lithium
  • Nickel
  • Cobalt
  • Lead
  • Aluminium
  • Others

Regional Insights:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Request for customization: https://www.imarcgroup.com/request?type=report&id=21412&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: [email protected] 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

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