Press Release

India Rigid Plastic Packaging Market to Grow at a CAGR of 8.01% through 2027

Rising trend for moisture resistance, light weight packaging is some of the factors influencing to the demand of rigid plastic packaging market through 2027F.

According to TechSci Research report, India Rigid PlasticPackaging Market By Region, Competition Forecast & Opportunities, 2027, the India rigid plastic packaging market is anticipated to witness a CAGR of 8.01% in the forecast period to reach USD18.02 billion by 2027. Rise in the manufacturing industries, technological innovations in packaging technology, and high demand for recyclable plastic are the key factors driving the growth of India rigid plastic packaging market. Also, the increased demand for small-size rigid packaging for materials like cosmetic products contributes to increased market growth.

Growing concerns about plastic waste in the country are bolstering the need to find techniques to lower waste generated by plastics. Around 7000 official and unorganized plastic recycling centers in India are playing a significant role in minimizing plastic waste. Market players are looking for solutions to optimize plastic waste during the production process and investing substantial amounts in research and development activities.

The demand for rigid plastic packaging in the healthcare industry is expected to witness a massive growth in the forecast period due to the high healthcare expenditure and increase in the prevalence of chronic diseases among individuals. Rigid plastic packaging is used to secure the medicines from getting contaminated and thereby helps in maintaining the quality of medicines. Stringent regulatory standards set up by leading authorities to preserve the effectiveness of drugs are expected to boost the demand for rigid plastic packaging among pharmaceutical market players.

However, the presence of a vast unorganized sector and environmental concerns may restrain India rigid plastic packaging market's growth in the forecast period.

Browse over 35 market data Figures spread through 89 Pages and an in-depth TOC on "India Rigid Plastic Packaging Market"

The India rigid plastic packaging market is segmented into raw material, type, production process, end user, company, and regional distribution.

Based on type, the market is divided into bottles & jars, rigid bulk products, trays & tubs, and others. Bottles & jars are expected to dominate the market and are expected to hold a market share of over 38% in 2027. The majority of bottles & jars are made up of PET, PE, PP, HDPE, PS, and PVC. Rigid plastic bottles are used for packing various materials such as cosmetics, food products, personal care products, carbonated soft drinks, pharmaceutical products. Increasing population, rapid urbanization, and growing expenditure capacity of consumers play a crucial role in fueling the market growth. The flourishing retail industry and the high demand for beverages and home care products are expected to accelerate the market growth in the next five years.

Based on end user, the market is segmented into blow molding, injection molding, rotomolding, and others. Blow molding is leading the market in 2021, registering a market share of 47.86%, and is expected to maintain its dominance throughout the forecast period. Blow molding supports a quick manufacturing process and high-volume outputs. It uses a relatively lower pressure during the production process that reduces the expenses during the production process; therefore, it is expected to witness a massive growth in the next five years.

Major market players operating in the India rigid plastic packaging market are:

·         Time Technoplast Ltd.

·         Manjushree Technopack Limited

·         Mold-Tek Packaging Limited

·         Hitech Corporation Limited

·         Amcor Rigid Plastics India Private Limited

·         Pearl Polymers Limited

·         Parekhplast India Limited

·         EPL Limited

·         Sintex Plastics Technology Limited

·         Conitex Sonoco India Private Limited

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“High internet penetration, the proliferation of smart devices, and increased per capita income of consumers are driving the growth of the e-commerce industry in India. Ease of shopping through online platforms and offering a customized shopping experience by market players is making the consumers buy things online. With the growth of the e-commerce industry, the plastic industry is witnessing significant growth opportunities in the next five years. The advent of sustainable materials, bio-based plastics, and flexible packaging techniques are expected to propel the India rigid plastic packaging market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Rigid Plastic Packaging Market – India Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Raw Material (PE, PET, PP, PS, EPS, and others (PC, PL, PVC)), By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs, and others (Cups, Pots) etc), By End User (Blow Molding, Injection Molding, Rotomolding, and others (Thermoforming, Extrusion etc.)), By Region”, has evaluated the future growth potential of India rigid plastic packaging market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India rigid plastic packaging market.


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