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India Rigid Plastic Packaging Market Outlook to 2032: Compound Annual Growth of 10.10% Forecast During 2024-2032

Apr 15, 2024

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Market Overview

According to a Comprehensive Report by MRFR/Market Research Future (MRFR), India Rigid Plastic Packaging Market Information by Material, Production Process, Application, End User, and Region—Forecast till 2032," The rigid plastic packaging industry shall go from USD 8.8 billion in 2023 to USD 19.01 billion by 2032, at a rate of 10.10% from 2024 to 2032.

Market Synopsis

Rigid plastic packaging involves the use of plastic materials in the manufacturing and storing of new bottles or containers. Rigid plastic packaging relies on denser and thicker materials such as polyethylene terephthalate (PET), polypropylene (PP), and high-density polyethylene (HDPE). These materials can be used to make any design since they are lightweight, durable, and versatile.

Additionally, rigid packaging gives products support and structure. Moreover, large rigid plastic products consist of lawn chairs, tables, buckets, toddler toys, plastic shovels and sleds, among others. Other examples include rigid containers such as; plastic jars, bottles, drums, pottery boxes, tins etc., where the list is endless. Hard plastics also support different forms of medical equipment for personal care items.

Market growth has been driven by the increasing demand for bulky plastics, foodstuffs, and drinks, as well as personal care commodities. Similarly, other household products like trays, dishes, pans, and electrical appliances like switches etc., contribute to population increase within this industry.

Market Competitive Landscape:

Pearl Polymers Limited

Time Technoplast Ltd.

Sintex Plastics Technology Limited

Mold-Tek Packaging Limited

Hitech Corporation Limited

Manjushree Technopack Limited

Parekhplast India Limited

Amcor Rigid Plastics India Private Limited

EPL Limited

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Market USP Covered:

Market Drivers:

Continuing expansion has led to the Indian packaging industry becoming one of the major economic sectors in the country. The Packaging Industry Association of India (PIAI) forecasts a 22-25% annual growth rate. The packaging business has also grown due to other sectors such as pharmaceuticals, food processing and FMCG. These have been boosted by the emergence of new consumers, such as those from e-commerce. As a result, thousands of national deliveries happen every day as a result of online shopping.

The India Rigid Plastic Packaging Market is developing since the food and beverage industry makes heavy demand for the product. Storage contamination for food is dangerous. Diets are affected by temperature and moisture levels; it is best if they are kept stable during storage. It may also be reduced through proper packing. Rigid plastic packaging can also extend the shelf life of foods. The integrated film lids on these containers make them easy to open and reseal. They also have side vents that allow for cooling and moisture management.

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Market Restraints:

Stringent rules could be problematic for rigid plastic packaging, though to some extent. The Indian government is putting more emphasis on environmental monitoring and has initiated programs aimed at encouraging sustainable packaging. Such regulations must be followed since even the slightest packaging mistake can ruin products.

Market Segmentation

According to material, the India Rigid Plastic Packaging market contains PE, PET, PS, PP, PVC, EPS, Bioplastics, and more.

India's rigid plastic packaging market is segmented by manufacturing process: Extrusion, Injection Molding, Blow Molding, Thermoforming, and Others.

By application, the India Rigid Plastic Packaging market contains Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups 7 POTS, Caps & Closures, and more.

The India Rigid Plastic Packaging market is segmented by end user: Food, Beverage, Pharmaceuticals, Personal Care & Cosmetics, Homecare, Industrial, and Others.

Regional Insights

The rigid plastic packaging industry in India is driven by increasing population, urbanization leading to rising incomes and changing lifestyles. High-impact PS, which is a type of plastic used frequently on toys and consumer goods, has good resistance to impact. Different grades of HIPS have been developed for specific end-use applications like food trays that are environment-friendly with solid stress crack resistance.

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URL : https://www.marketresearchfuture.com/reports/india-rigid-plastic-packaging-market-20707

Contact Information:

Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com

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