India Rigid Plastic Packaging Market By Raw Material (PE, PET, PS, EPS, etc.), By Type (Bottles & Jars, Rigid Bulk Products, etc.), By Production Process (Injection Molding, Blow Molding, etc.), By End Use, Competition Forecast & Opportunities, 2024
India rigid plastic packaging market stood at around $ 7.7 billion in 2018 and is projected to grow at CAGR of 10.8% to reach $ 14.4 billion by 2024. Anticipated growth in the market can be attributed to robust growth in food and beverages industry which is the major end user of rigid plastic packaging. To ensure safety and longer shelf life of food, demand for rigid plastic packaging is high in F&B sector. Additionally, healthcare industry, which is another major end user of rigid plastic packaging, also registered robust growth in the last decade owing to increasing spending on healthcare. Rigid plastic packaging is gaining traction in healthcare sector owing to its properties such as moisture resistance, tamper proof caps, light and chemical resistance, among others. Moreover, expansion of automobile lubricant industry is further expected to positively influence India rigid plastic packaging market during forecast period.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast market size of India rigid plastic packaging market.
- To classify and forecast India rigid plastic packaging market based on raw material, type, production process, end use, region and company.
- To identify drivers and challenges in India rigid plastic packaging market.
- To identify market trends and development in India rigid plastic packaging market.
- To identify and analyze the profiles of leading players involved in the manufacturing of rigid plastic packaging across India.
India rigid plastic packaging market is controlled by the following major manufacturers & importers, namely Time Technoplast Ltd., Majnushree Technopack Ltd. Co, Mold-Tek Packaging Limited, Pearl Polymers Limited, Hitech Corporation Limited, Amcor Rigid Plastics India Private Limited, Parekhplast India Limited, Conitex Sonoco India Private Limited, Essel Propack Limited, Sintex Plastics Technology Ltd., etc.
In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of rigid plastic packaging manufacturers and suppliers operating in various parts of India. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major rigid plastic packaging manufacturers & distributors across India.
TechSci Research calculated the market size for India rigid plastic packaging market using a bottom-up technique, wherein manufacturers’ value sales data for different applications were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such Company Annual Reports, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Database, Federation of Indian Chambers of Commerce & Industry, Ministry of Corporate Affairs, etc., were also studied by TechSci Research.
Key Target Audience:
- India rigid plastic packaging manufacturers, distributors and other stakeholders
- Associations, organizations, forums and alliances related to rigid plastic.
- Government bodies such as regulating authorities and policymakers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as plastic packaging manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, India rigid plastic packaging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- By Raw Material
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polypropylene (PP)
- Expanded Polystyrene (EPs)
- By Type
- Bottles & Jars
- Rigid Bulk Products
- Trays & Tubs
- By End Use
- Injection Molding
- Blow Molding
- By Region
- By Company
- Time Technoplast Ltd.
- Manjushree Technopack Limited
- Mold-Tek Packaging Limited
- Pearl Polymers Limited
- Hitech Corporation Limited
Company Profiles: Detailed analysis of the major companies present in India rigid plastic packaging market
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
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