India Plastic Bottles Market Size

India Plastic Bottles Market Analysis

The India Plastic Bottles Market size is estimated at USD 1.29 billion in 2024, and is expected to reach USD 1.42 billion by 2029, growing at a CAGR of 1.9% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 1.42 million tonnes in 2024 to 1.55 million tonnes by 2029, at a CAGR of 1.8% during the forecast period (2024-2029).

Plastic bottles are widely used in end-use industries, predominantly crafted from raw materials like polyethylene terephthalate, polypropylene, and polyethylene. This preference stems from the materials' lightweight nature and recyclability.

• Consumers increasingly favor plastic packaging because it is lightweight and unbreakable, enhancing ease of handling. Major manufacturers, too, lean toward plastic packaging primarily for its cost-effective production. The advent of polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE) is broadening the horizons for plastic bottle applications, with a notable surge in PET bottle demand.
• Production bases in the global plastics industry are increasingly shifting to cost-effective Asian nations such as India. Bolstered by rising foreign investments and a surge in new manufacturing setups, Asia has emerged as one of the world's extensive and rapidly expanding markets for plastics.
• According to a study by the MSME Development Institute, India presents significant growth prospects driven by its burgeoning production activities. Dominating the landscape is the packaging sector, which accounts for nearly 60.0% of plastic demand. In India, plastic packaging consumption is projected to reach 12.0 million tons by 2025. Key growth drivers for the country's packaging industry include the FMCG industry and escalating capital investments.
• India is poised to witness a surge in demand for polyethylene, a favored material for packaging. This uptick is predominantly fueled by the escalating needs of the packaging industry, propelled by the expansion of the organized retail landscape. In February 2024, India, through the Bureau of Indian Standards (BIS) under the Ministry of Consumer Affairs, set minimum standards for polyethylene derivatives. India has exempted recycled polyethylene granules, pellets, and powder from quality regulations. The order mandates specific sampling and testing methods for low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE) materials and their compounds.
• Plastics play a vital role in numerous essential applications, and the challenge of managing plastic waste looms large. This challenge arises from the diverse uses of plastics and a general need for more awareness regarding waste management options. Loopify World Private Limited highlighted the escalating concern of plastic bottle pollution, a problem that has intensified in recent years. The surge in plastic waste can be directly attributed to the widespread purchase of plastic bottles.