Growing Food & Beverages Industry to Drive India Rigid Plastic Packaging Market
High
demand from various end use industries like food & beverage, healthcare,
automobile, etc., to drive India rigid plastic packaging market through 2024
According to TechSci Research report, “India Rigid Plastic Packaging Market By Raw Material By Type, By Production Process, By End
Use,
Competition Forecast & Opportunities, 2024’’, India rigid plastic packaging market
is forecast to reach $ 14.4 billion
by 2024, owing to the accelerating demand from food and beverage
industry and rising consumer preference for convenient packaging. Rigid plastic
packaging is majorly used in food & beverage industry to increase the shelf
life of food product and maintain hygiene. Healthcare industry also generates a
fair share of demand for rigid plastic packaging for various medical devices,
syrup bottles, caps, etc. Rigid plastic
packaging has properties such as moisture resistance, tamper proof, light and
chemical resistance, etc., owing to which it becomes a preferable choice in
healthcare sector. Regionally, western region of India is the major demand generator
for rigid plastic packaging owing to rapid expansion of end users in states
such as Maharashtra and Gujarat. The region is hub for chemical, lubricants and
pharmaceutical industries, which generate huge demand for rigid plastic
packaging.
Browse 38 market data Figures spread
through 90 Pages and an in-depth TOC on " India Rigid Plastic Packaging Market"
https://www.techsciresearch.com/report/india-rigid-plastic-packaging-market/3885.html
Polyethylene (PE) accounts for the majority
share in India rigid plastic packaging owing to the lowest softening point of
the basic packaging plastics which results in lower processing energy costs,
thereby making it a more cost-effective packaging solution as compared to PET,
bioplastics and other raw materials. Moreover, PE has greater heat stability
and toughness, thus it is extensively used to make food containers, rigid bulk
products, etc. Among production processes, blow molding technique has a
substantial share in India rigid plastic packaging market as it is the most
widely used process to make PET bottles, cups, jars, etc., and allows quick
manufacturing and high volume outputs.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3885
Customers can also request for 10% free customization on this
report.
“Many companies
are expanding their production facilities across India. For instance, Manjushree
Technopack inaugurated a new green field facility in Guwahati, Assam, to expand
its rigid plastic market in Northeast India. The expansion increased the
company’s combined capacity to 155,000 tons. Additionally, Hi-Tech Corporation inaugurated a
new manufacturing facility in Rohtak, Haryana, to boost its production and
match the growing demand for rigid plastic packaging. The company also
announced setting up of a new manufacturing facility in Mysuru, Karnataka, and
Vishakhapatnam, Andhra Pradesh scheduled to be completed by 2020. Such developments would steer growth
in India rigid plastic packaging market during forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India
Rigid Plastic Packaging Market By Raw Material, By Type, By
Production Process, By End Use,
Competition Forecast & Opportunities, 2024” has evaluated the future growth
potential of rigid plastic packaging market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers to
take sound investment decisions. Besides, the report also identifies and
analyses the emerging trends along with essential drivers, challenges and
opportunities in India rigid plastic packaging market.
About TechSci Research
TechSci Research is a
leading global market research firm publishing premium market research reports.
Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals.
TechSci Research specializes in research based consulting assignments in high
growth and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]