India Blow Molded Plastics
Market is anticipated to grow significantly rate in the projected period of 2029
which is driven by the increasing demand from packaging
sector. In 2020, according to the Indian Institute of Packaging (IIP),
packaging consumption in India increased from 4.3 kgs per person per annum
(pppa) to 8.6 kgs pppa.
India Blow Molded
Plastics Market is expected to expand during the projected period due to increasing
demand from packaging sector as the rise of e-commerce has created a surge in
demand for efficient and lightweight packaging solutions. Blow molded plastic
containers, bottles, and packaging materials offer durability, versatility, and
cost-effectiveness, making them ideal for the e-commerce sector.
Moreover, the demand for
plastic product in building & construction applications is increasing because
of its properties such as comfort, energy conservation, protection against
water, and lightweight. These plastics are used in sewage pipes, wires and
cables in buildings, as plastics are flame retardant and flexible. Along with
this, blow molded plastics are also used in the production of automotive parts that
including the panel, railing, bumper support, mudguards and door locking
systems. Thus, rising demand of blow molded plastics from various sectors lead
to growing the demand of India Blow Molded Plastic Market in the upcoming years.
Rising Demand from
Packaging Sector
The packaging industry
in India has undergone a significant transformation in recent years, driven by
changing consumer preferences, rapid urbanization, and the booming e-commerce
sector. Within this dynamic landscape, blow molded plastics have emerged as a
preferred choice for packaging solutions. One of the primary reasons for the
growing demand for blow molded plastics in the packaging sector is their
lightweight and durable nature. Blow molded plastic containers, bottles, and packaging
materials offer exceptional strength-to-weight ratios, making them ideal for
various applications. As consumers increasingly prioritize convenience and
portability, lightweight packaging solutions have gained prominence in sectors
such as food and beverages, personal care, and pharmaceuticals. The use of blow
molded plastics enables efficient transportation, reduces shipping costs, and
enhances product safety during handling and distribution. In addition, blow
molded plastics provide unmatched versatility and design flexibility to
packaging manufacturers. The process allows for the creation of complex shapes,
intricate designs, and customized packaging solutions tailored to specific
product requirements.
This flexibility is particularly advantageous for
industries like cosmetics, household products, and personal care, where brand
differentiation and eye-catching packaging play a vital role in attracting
consumers. Blow molded plastics offer endless possibilities for unique shapes,
vibrant colors, and innovative packaging designs, thereby enhancing product
appeal and shelf presence. For instance, according to India Brand Equity
Foundation, in Jan 2023, the Indian plastic processing industry comprises
approximately 30,000 units that use injection molding, blow molding, extrusion,
and calendaring to create a wide range of products. Moreover, India's
e-commerce industry has experienced exponential growth in recent years,
necessitating the need for efficient and reliable packaging solutions. Blow
molded plastics have emerged as a preferred choice for e-commerce packaging due
to their durability, resistance to impact, and ability to protect products
during transportation. The secure closures and tamper-evident features offered
by blow molded plastic containers and bottles further enhance product integrity
and consumer confidence in online purchases. With the increasing number of
online shoppers in India, the demand for blow molded plastic packaging
solutions is set to soar.
Moreover, the food and
beverage industry are a key driver of the blow molded plastics market in the
packaging sector. The demand for blow molded plastic containers and bottles for
beverages, sauces, condiments, edible oils, and other food products has witnessed
substantial growth. Blow molded plastics offer excellent barrier properties,
ensuring product freshness, preventing leakage, and extending shelf life. Furthermore,
the ability to incorporate features such as tamper-evidence, resealability, and
easy pour spouts enhances consumer convenience and promotes brand loyalty.
For instance, PepsiCo
Inc. is using additive manufacturing in addition to blow molding to develop beverage
bottles faster at a reduced cost.
Furthermore, the
lightweight nature of blow molded plastics helps reduce material consumption
and minimize carbon emissions throughout the packaging life cycle. The adoption
of such sustainable packaging initiatives is driving the demand for blow molded
plastics in India's packaging sector which led to the growth of India Blow
Molded Plastics Market in the upcoming years.