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India Rigid Plastic Packaging Market Research Report Information By Material (PE, PET, PS, PP, PVC, EPS, Bioplastics, and Others), By Production Process (Extrusion, Injection Molding, Blow Molding, Thermoforming, and Other), By Application (Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups 7 POTS, Caps & Closures, and Others), By End User (Food, Beverage, Pharmaceuticals, Personal Care & Cosmetics, Homecare, Industrial, and Others), - India Market Forecast Till 2032


ID: MRFR/PNT/19158-HCR | 128 Pages | Author: Snehal Singh| June 2024

India Rigid Plastic Packaging Market Overview


India Rigid Plastic Packaging Market Size was valued at USD 8 Billion in 2022. The rigid plastic packaging industry is projected to grow from USD 8.8 Billion in 2023 to USD 19.01 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.10% during the forecast period (2024 - 2032). Some of the key market drivers driving the market are the growing customer desire for product safety and extended shelf life, the growing need for sustainable packaging solutions, and various breakthroughs in manufacturing technology.India Rigid Plastic Packaging Market OverviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review


Rigid Plastic Packaging Market Trends




  • Growth in India's Packaging Sector to Boost the Market Growth




India's packaging industry has experienced constant growth throughout the years, becoming one of the nation's primary economic sectors. The industry is expected to grow by 22% to 25% a year, according to the Packaging Industry Association of India (PIAI). Some of the other important sectors that have long been in charge of the nation's packaging industry's growth are pharmaceuticals, the food processing sector, and fast-moving consumer goods (FMCG). In recent years, there has been a boom in the Indian packaging industry due to the emergence of e-commerce as a new consumer. Numerous parcels are delivered across the country every day as a result of the increasing usage of e-commerce platforms. This has increased demand even more.


The growing need for rigid plastic packaging in the food & beverage industry is driving growth in the India Rigid Plastic Packaging Market. Food contamination during storage poses a significant risk. Two examples of factors that affect the nutrients in food are temperature and moisture content. By using the right packaging materials, it can be partially avoided. It also lengthens the shelf life of the food product. Companies in the food & beverage sector have access to a range of suppliers for rigid plastic packaging. Customers can easily open and reseal these containers due to the included film lidding option. Additionally, they include side ventilation for easier moisture management and cooling. Thus, driving the rigid plastic packaging market revenue.


Rigid Plastic Packaging Market Segment Insights


Rigid Plastic Packaging Material Insights


The India Rigid Plastic Packaging market segmentation, based on material, includes PE, PET, PS, PP, PVC, EPS, Bioplastics, and Others. The PE segment dominated the market mostly. Heat sealing and vapor resistance are two features of polyethylene, a leak-proof polymer. It costs less and is quite lightweight. The segment's growth is further aided by other advantages such as the high durability and ease of recycling.


Rigid Plastic Packaging Production Process Insights


The India Rigid Plastic Packaging market segmentation, based on production process, includes Extrusion, Injection Molding, Blow Molding, Thermoforming, and Others. The injection molding category generated the most income. The need for injection molding machines to produce different packaging and processing components, like food and beverage containers, processing equipment components, conveyor system components, and others, is growing in the food and beverage industry, which is one of the main factors fueling the market's expansion. Furthermore, market expansion is expected to be fueled by the rise of the automotive industry.


Figure 1: India Rigid Plastic Packaging Market, by Production Process, 2023 & 2032 (USD Billion)India Rigid Plastic Packaging Market, by Production Process, 2023 & 2032Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Rigid Plastic Packaging Application Insights


The India Rigid Plastic Packaging market segmentation, based on application, includes Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups 7 POTS, Caps & Closures, and Others. The bottles & jars category generated the most income. Bottles and jars are used in the expanding food and beverage, pharmaceutical, building and construction, and automotive industries, among many other end-use sectors. To top it off, plastic jars and bottles are lightweight, incredibly durable, and can take on any shape. Plastic bottles' ease of recycling and reuse is fueling this market's expansion.


Rigid Plastic Packaging End User Insights


The India Rigid Plastic Packaging market segmentation, based on end user, includes Food, Beverage, Pharmaceuticals, Personal Care & Cosmetics, Homecare, Industrial, and Others. The food category generated the most income. Innovation in packaging is crucial for product manufacturers and retailers to stand out from the competition in the food sector and to market and distinguish their brands. The food industries have come to rely more on hard plastic packaging since it prolongs the shelf life of packaged meals. Rigid materials are utilized for food packing.


Rigid Plastic Packaging Country Insights


Growing numbers of people, rising incomes, and evolving lifestyles are some of the major drivers propelling the rigid plastic packaging sector in India. Increased demand for the rigid plastic packaging sector is being driven by end-user segments' growth potential. Due to its strong resistance to impact, high-impact PS is a kind of plastic that is frequently employed in toys and consumer devices. For particular end-use applications, such as food trays that need to have environmental solid stress crack resistance, several grades of HIPS have been created with exceptional qualities. Over the projection period, the demand for polystyrene is expected to rise significantly due to the government's Make in India initiative and its noteworthy contributions to the growth of the nation's ACE (appliances and consumer electronics) industry. Additionally, as the number of single-person households in India rises, there will likely be a greater need for rigid food packaging made of PE-based films to meet the growing demand for convenience goods like pre-prepared fruits and vegetables. In June 2022, the Coca-Cola Company announced that, within the next two to three years, its India business aimed to achieve 100% Recovery and Recycling of Post-consumer Packaging, mainly made up of bottles and cans. The corporation has pledged to collect and recycle all bottles as part of its global effort, "World Without Waste," and to be able to sell them by 2030.


Rigid Plastic Packaging Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the rigid plastic packaging market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the rigid plastic packaging industry must offer cost-effective items.


Major players in the rigid plastic packaging market are attempting to increase market demand by investing in research and development operations, including 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, and other prominent players.


Key Companies in the rigid plastic packaging market include



Rigid Plastic Packaging Industry Developments


October 2022: Manjushree Technopack Ltd. and the Indian Institute of Science worked together to develop techniques for turning trash into plastic packaging so that products may be recycled once more. Along with improving PET bottle tops made completely of recyclable plastic, the groups will also create a recyclable elastomeric material for all plastic pumps and triggers.


August 2022: The Bangalore-based manufacturer of plastic caps and closures, Hitesh Plastics, was acquired by Advent International-funded Manjushree Technopack. The agreement states that MTL would buy Hitesh Plastics' commercial and manufacturing assets. The company hopes to fortify its relationships with some of the most well-known beverage firms in the country and establish itself as a one-stop shop for all rigid plastic packaging needs.


Rigid Plastic Packaging Market Segmentation


Rigid Plastic Packaging Material Outlook




  • PE




  • PET




  • PS




  • PP




  • PVC




  • EPS




  • Bioplastics




  • Others




Rigid Plastic Packaging Production Process Outlook




  • Extrusion




  • Injection Molding




  • Blow Molding




  • Thermoforming




  • Other




Rigid Plastic Packaging Application Outlook




  • Bottles & Jars




  • Rigid Bulk Products




  • Trays




  • Tubs




  • Cups 7 POTS




  • Caps & Closures




  • Others




Rigid Plastic Packaging End User Outlook




  • Food




  • Beverage




  • Pharmaceuticals




  • Personal Care & Cosmetics




  • Homecare




  • Industrial




  • Others




 

Report Attribute/Metric Details
Market Size 2022 USD 8 Billion
Market Size 2023 USD 8.8 Billion
Market Size 2032 USD 19.01 Billion
Compound Annual Growth Rate (CAGR) 10.10% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Material, Production Process, Application, End User, and Region
Countries Covered India
Key Companies Profiled 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
Key Market Opportunities Increased E-commerce Sector's Sale
Key Market Dynamics Rising Consumer Goods Consumption and Improved Recycling Rates High Demand from the Packaging Industry for Food and Beverages


Frequently Asked Questions (FAQ) :

The India Rigid Plastic Packaging market size was valued at USD 8.8 Billion in 2023.

The market is projected to grow at a CAGR of 10.10% during the forecast period 2024-2032.

The key players in the market are 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, among others.

The bottles & jars category dominated the market in 2023.

The food category had the largest share of the market.

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