As indicated in the latest market research report published by IMARC Group, titled "India Battery Recycling Market Size, Share, Trends and Forecast by Type, Source, End Use, Material, and Region, 2025-2033" this report provides an in-depth analysis of the industry, featuring insights into the India battery recycling market growth. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential
The India battery recycling market size 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 strong growth trajectory during 2025-2033.
Latest Market Trends
Electric Vehicle Revolution Driving Battery Influx: The Indian electric vehicle market has witnessed explosive growth, with electric two-wheelers dominating sales at approximately 1.2 million units sold in 2024, representing around 60% of total EV sales. This surge is directly translating into an increased volume of spent batteries entering the recycling stream. The Ministry of Heavy Industries projects EV sales to exceed 5 million units by 2025, creating unprecedented demand for sophisticated battery recycling infrastructure. The average lithium-ion battery has a lifespan of 8-10 years, which means the influx of end-of-life batteries will intensify significantly in coming years.
Advanced Recycling Technologies Gaining Traction: The industry is witnessing a technological leap forward with companies pioneering innovative recovery methods. For instance, hydrometallurgical processes have demonstrated the ability to recover over 95% of lithium from used batteries while minimizing waste and emissions. These advancements make battery recycling increasingly cost-effective and environmentally viable, enabling industries to source critical materials like lithium, cobalt, and nickel sustainably rather than relying solely on virgin mining operations. This technological evolution is reducing operational costs and improving recovery rates across the sector.
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Market Scope and Growth Factors
Government Policy and Regulatory Framework: The Battery Waste Management Rules (BWMR) 2022, implemented by the Ministry of Environment, Forest and Climate Change, has fundamentally transformed the regulatory environment. Under these rules, battery producers—including importers—bear complete responsibility for collecting, recycling, and refurbishing waste batteries. For instance, if a producer sold 1,000 batteries in 2020, they must collect and recycle 60% of those batteries by 2025, after their lifecycle ends. The government has further strengthened enforcement through the Battery Waste Management (Second Amendment) Rules 2024, establishing minimum recovery targets for different battery types and prescribing mandatory use of recycled materials in future battery production.
Extended Producer Responsibility (EPR) Mechanisms: The EPR framework places the onus on manufacturers to manage their products' end-of-life stage, creating a closed-loop accountability system. The implementation of these requirements through centralized online portals enables real-time tracking and compliance verification, ensuring transparency across the recycling value chain.
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Comprehensive Market Report Highlights & Segmentation Analysis
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
Recent News and Developments
- Union Budget 2025-26 Fiscal Support: The Indian government announced full exemption from basic customs duty on lithium-ion battery scrap and critical minerals, directly lowering input costs for recyclers and strengthening the financial viability of battery recycling operations across the country.
- National Critical Mineral Mission Launch: The government approved a ₹1,500 crore scheme specifically dedicated to battery recycling and refining, demonstrating strategic commitment to building domestic capacity and achieving self-reliance in critical mineral recovery.
- Advanced Recycling Technology Breakthroughs: Lithion Recycling Inc. introduced a pioneering hydrometallurgical process in 2024 capable of recovering over 95% of lithium from used batteries, while simultaneously reducing environmental impact through minimized waste and emissions.
Competitor Landscape
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. The competitive landscape analysis evaluates how established recyclers, emerging startups, and new entrants are positioning themselves in India's rapidly evolving battery recycling market, considering factors such as technological capabilities, geographic reach, scale of operations, and alignment with regulatory requirements.
Note:
Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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