India Rigid Plastic Packaging Market Size (2024 - 2029)

The Indian rigid plastic packaging market is experiencing significant growth, driven by increasing demand across various sectors such as food and beverage, personal care, and healthcare. This expansion is attributed to the material's affordability, toughness, and lightweight properties, which make it a preferred choice for packaging solutions. The market's growth is further supported by the rising need for sustainable and eco-friendly packaging options, prompting manufacturers to adopt innovative strategies to maintain competitiveness. Despite challenges posed by stringent regulations and higher production costs, the market continues to thrive due to urbanization, rising disposable incomes, and changing consumer lifestyles. The COVID-19 pandemic and geopolitical events like the Russia-Ukraine war have also influenced the market dynamics, leading to increased demand for single-use plastic packaging.

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Market Size of India Rigid Plastic Packaging Industry

India Rigid Plastic Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 5.83 %
Market Concentration Low

Major Players

India Rigid Plastic Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Rigid Plastic Packaging Market Analysis

The India Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 4.98 Million tonnes in 2024 to 6.61 Million tonnes by 2029, at a CAGR of 5.83% during the forecast period (2024-2029).

The Indian rigid plastic packaging market is anticipated to witness significant growth primarily due to the increasing demand for rigid plastic goods across various end-user industries, including food and beverages and personal care products. Essential home products, including trays, shallow plates, and rigid plastic containers, also contribute to the growth of the market in India.

  • Rigid plastic packaging is widely used in the country because of its affordability, toughness, and lightweight nature. Rigid plastics like PET and HDPE can be placed directly into a recycling bin. Flexible packaging is less eco-friendly than rigid plastics, even though they are recyclable. The market is growing as rigid plastic packaging is employed in several end-user industries across the nation.
  • The number of manufacturers in the rigid plastic packaging market is expanding. Demand for rigid plastic packaging is driven by the growing rivalry among small and medium-sized market participants to provide eco-friendly and sustainable packaging solutions to attract customer attention. These market players in India use various strategies to retain their position.
  • The market for rigid plastic packaging is expanding in India with the rising food and beverages industry. The demand for packaged meals in the F&B and healthcare industries is driving the growth of the market. The need for packaged goods has steadily risen due to urbanization, rising disposable income, and changing lifestyles. These containers also aid in extending the shelf life of food and ensuring food safety. Due to its characteristics, such as moisture resistance and tamper proof, it is becoming more popular in the healthcare industry.
  • Polypropylene (PP) is more cost-effective than other plastics with comparable properties. Its affordability, combined with its high processability and widespread availability, positions PP as a competitive alternative to other plastics. Consequently, PP is gaining traction among manufacturers of bottles and containers in the region.
  • Given its broad applications in markets like packaging, the demand for polypropylene (PP) is poised to rise. This would encourage several market players to expand their foothold in the country. In December 2023, Nayara Energy announced that it would launch its second PP manufacturing plant in India in the first half of 2024. As per the press release, India, with a total consumption of 6.4 million tonnes, imported around 1.6 million tonnes of polypropylene, or around 25% of its consumption.
  • However, strict regulations may pose problems for rigid plastic packaging, albeit to a lesser extent. The Indian government has stepped up its environmental monitoring, and campaigns to promote sustainable packaging are being initiated. Compliance with regulations is crucial since even the tiniest packaging error might harm the goods. Additionally, it may have a negative financial impact on the manufacturer.

India Rigid Plastic Packaging Industry Segmentation

The study on India’s rigid plastic packaging market tracks the demand for rigid plastic packaging products that cater to the food, foodservice, beverages, healthcare, personal care, cosmetics, building and construction, automotive, and other end-user industries. Rigid plastics can be of different grades and have different material combinations based on the type of product being packed, like polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and bio-plastics.

The Indian rigid plastic packaging market is segmented by resin type (polyethylene (PE) (low-density polyethylene (LDPE) & linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE)), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other resin types), product type (bottles and jars, trays and containers, caps and closures, intermediate bulk containers (IBCs), drums, pallets, and other product types), and end-user industry (food (candy & confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products), foodservice, beverages, healthcare, cosmetics and personal care, industrial, building and construction, automotive, and other end-user industries). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.

By Resin Type
Polyethylene (PE)
Low-Density Polyethylene (LDPE) & Linear Low-Density Polyethylene (LLDPE)
High Density Polyethylene (HDPE)
Polyethylene terephthalate (PET)
Polypropylene (PP)
Polystyrene (PS) and Expanded polystyrene (EPS
Polyvinyl chloride (PVC)
Other Resin Types
By Product Type
Bottles and Jars
Trays and Containers
Caps and Closures
Intermediate Bulk Containers (IBCs)
Drums
Pallets
Other Product Types
By End-use Industries
Food**
Candy & Confectionery
Frozen Foods
Fresh Produce
Dairy Products
Dry Foods
Meat, Poultry, and Seafood
Pet Food
Other Food Products
Foodservice
Beverage
Healthcare
Cosmetics and Personal Care
Industrial (Chemical, Agriculture, and Oil & Lubricants, among Others)
Building and Construction
Automotive
Other End User Industries
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India Rigid Plastic Packaging Market Size Summary

The Indian rigid plastic packaging market is poised for substantial growth, driven by increasing demand across various sectors such as food and beverage, personal care, and healthcare. The affordability, durability, and lightweight nature of rigid plastics like PET and HDPE make them a preferred choice for packaging solutions. The market's expansion is further fueled by the rise of e-commerce, which has significantly boosted the demand for packaging materials that ensure product safety and extend shelf life. The growing urbanization, rising disposable incomes, and changing consumer lifestyles in India are contributing to the heightened demand for packaged goods, thereby propelling the rigid plastic packaging industry forward.

Despite the promising growth prospects, the market faces challenges such as stringent environmental regulations and the need for sustainable packaging solutions. The Indian government's focus on promoting eco-friendly practices has led to increased scrutiny of packaging materials, necessitating compliance from manufacturers. The COVID-19 pandemic initially boosted the demand for single-use plastics, but it also highlighted the need for sustainable alternatives. The competitive landscape of the Indian rigid plastic packaging market is characterized by numerous players investing in innovation and strategic partnerships to maintain their market position. Collaborations and joint ventures, such as those between the Indian Institute of Science and Manjushree Technopack Ltd., are aimed at enhancing recycling capabilities and developing sustainable packaging solutions, further shaping the industry's future.

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India Rigid Plastic Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Trade Scenario

      1. 1.4.1 Trade Analysis (Top 5 Import-Export Countries)

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Resin Type

      1. 2.1.1 Polyethylene (PE)

        1. 2.1.1.1 Low-Density Polyethylene (LDPE) & Linear Low-Density Polyethylene (LLDPE)

        2. 2.1.1.2 High Density Polyethylene (HDPE)

      2. 2.1.2 Polyethylene terephthalate (PET)

      3. 2.1.3 Polypropylene (PP)

      4. 2.1.4 Polystyrene (PS) and Expanded polystyrene (EPS

      5. 2.1.5 Polyvinyl chloride (PVC)

      6. 2.1.6 Other Resin Types

    2. 2.2 By Product Type

      1. 2.2.1 Bottles and Jars

      2. 2.2.2 Trays and Containers

      3. 2.2.3 Caps and Closures

      4. 2.2.4 Intermediate Bulk Containers (IBCs)

      5. 2.2.5 Drums

      6. 2.2.6 Pallets

      7. 2.2.7 Other Product Types

    3. 2.3 By End-use Industries

      1. 2.3.1 Food**

        1. 2.3.1.1 Candy & Confectionery

        2. 2.3.1.2 Frozen Foods

        3. 2.3.1.3 Fresh Produce

        4. 2.3.1.4 Dairy Products

        5. 2.3.1.5 Dry Foods

        6. 2.3.1.6 Meat, Poultry, and Seafood

        7. 2.3.1.7 Pet Food

        8. 2.3.1.8 Other Food Products

      2. 2.3.2 Foodservice

      3. 2.3.3 Beverage

      4. 2.3.4 Healthcare

      5. 2.3.5 Cosmetics and Personal Care

      6. 2.3.6 Industrial (Chemical, Agriculture, and Oil & Lubricants, among Others)

      7. 2.3.7 Building and Construction

      8. 2.3.8 Automotive

      9. 2.3.9 Other End User Industries

India Rigid Plastic Packaging Market Size FAQs

The India Rigid Plastic Packaging Market size is expected to reach 4.98 million tonnes in 2024 and grow at a CAGR of 5.83% to reach 6.61 million tonnes by 2029.

In 2024, the India Rigid Plastic Packaging Market size is expected to reach 4.98 million tonnes.

India Rigid Plastic Packaging Market Report Snapshots

India Rigid Plastic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)