Report Overview

India Rigid Plastic Packaging Market - Industry Trends & Forecast Report 2028

India Rigid Plastic Packaging Market was worth USD 10.72 billion in 2021 and is further projected to reach USD 21.35 billion by the year 2028, exhibiting a CAGR of 10.7% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rising demand for bulky plastic items, food and beverages, and personal care products. Also, necessary household items including trays, shallow plates, hard plastic containers, and electric switches, among others, support market expansion. Moreover, expanding innovation and technology across a range of hard plastic products. Additionally, need for bottles, jars, fruit juice containers, food package containers, and gastronomic bags is in high demand in the fast-growing food and beverage business. All these factors bolster the growth of the India Arabia Rigid Plastic Packaging Market during the forecast period (2022-2028).

Rigid Plastic Packaging - Overview

Rigid Plastic Packaging refers to the use of plastic materials in the packaging of new bottles and containers. Denser and thicker materials, such as polyethylene terephthalate (PET), polypropylene (PP), and high-density polyethylene, are used to make rigid plastic packaging (HDPE). Because they can create any shape design, these materials are lightweight, durable, and versatile. Rigid packaging also gives products support and structure. Lawn chairs, tables, buckets, toddler toys, plastic shovels, and sleds are also examples of large rigid plastic products. Plastic jars, bottles, drums, pottery, boxes, tins, plastic pots, tubes, and other rigid containers are examples. Rigid plastic packaging is also used to package a variety of healthcare products, medical equipment, and personal care items.

India Rigid Plastic Packaging Market Forecast and Trends

Growth Drivers

Expanding India's Packaging Market

Over the years, the packaging business in India has undergone continuous development even as it has grown to become one of the country's main economic sectors. The packaging industry association of India (PIAI) estimates that the sector is expanding by 22% to 25% annually. Pharmaceuticals, the food processing industry, and fast-moving consumer goods (FMCG) are some of the other key industries that have long been responsible for the country's packaging industry's expansion. E-commerce has emerged as a new consumer that has helped the Indian packaging business thrive in recent years. The growing use of e-commerce platforms has led to the daily delivery of thousands of packages around the nation. This has driven up demand even further.

The F&B Industry's Growing Demand for Rigid Plastic Packaging

The India Rigid Plastic Packaging Market is expanding as a result of the food and beverage industry's increasing need for rigid plastic packaging. Food contamination while in storage is a serious risk. Temperature and moisture are two examples of variables that have an impact on the nutrients found in food. It can be prevented to some extent by using the proper packaging materials. Additionally, it increases the food product's shelf life. Enterprises in the food and beverage industry can purchase rigid plastic packaging from a variety of providers. The integrated film lidding option offered by these containers makes it simple for customers to open and reseal them. They also have side venting, which facilitates cooling and moisture control. These elements will support the expansion of the India Rigid Plastic Packaging Market during the forecast period (2022-2028).

E-commerce Sector is Boosting the Market

The recent regulation on the restriction of single-use plastics, which is scheduled to be implemented at any time after the conversation with all stakeholders is concluded, is anticipated to have an impact on the expansion of plastic packaging in the region's e-commerce sector. For instance, Flipkart declared that it would eliminate single-use plastic from the packaging by 2021 and that its supply chain might use only recycled plastic. Due to the e-commerce boom, the packaging industry in India is one of the sectors with the fastest growth rates in the nation. Additionally, consumers are demanding more sustainable products, thus firms must strongly include this idea into their company strategy.

Restraints

Inadequate Recycling Methods Raise Environmental Concerns

Despite the fact that stiff plastic packaging has numerous uses and is recyclable frequently. But if plastics are not properly managed at the bottom of the value chain, throughout their extended existence, particularly in the ocean, they could pose significant environmental problems due to their increased production, use, and contribution to microplastic contamination. Thus, to introduce their products in the area, plastic packaging companies must follow adequate recycling procedures, which limits market expansion. All of these elements raise environmental concerns, which restrains India Rigid Plastic Packaging market's expansion.

Stringent Regulations

Rigid plastic packaging may face challenges from strict rules but to a lesser degree. The Indian government has increased its environmental vigilance, and initiatives are being launched to encourage sustainable packaging. Regulation adherence is essential because even the smallest packing flaw could contaminate the goods. Additionally, it will hurt the manufacturer's bottom line. Biodegradable raw materials are more expensive to utilize than non-biodegradable ones. It raises production costs, putting even more pressure on prices, and preventing the market for rigid plastic packaging from expanding.

Impact of COVID-19 on India Rigid Plastic Packaging Market

The abrupt COVID-19 pandemic breakout affected the India Rigid Plastic Packaging Market's positive and negative growth. The COVID-19 pandemic significantly helped the suppliers of plastic packaging. Although many nations were gradually outlawing such packaging and encouraging the use of reusable packaging, the outbreak altered how both consumers and governments felt about them. The demand for nutritive drinks and nutritious food surged dramatically as a result of the COVID-19 pandemic. Most of these goods come in single-use plastic packaging. Globally, the orders were so massive that the manufacturers and packaging firms in the industry even extended their facilities, with help from the majority of the governments.

India Rigid Plastic Packaging Market - By Materials

Based on the material, the India Rigid Plastic Packaging Market is segmented into PE, PET, PS, PP, PVC, EPS, Bioplastics, and Others. Due to its widespread use in the production of plastic bottles for beverages or liquids, (polyethylene terephthalate) PET holds the greatest share in the India Rigid Plastic Packaging Market. Producing cans or pouches for frozen or ready-to-eat foods as well as disposable plastic containers. Unlike other types of plastic, it gives food packaging remarkable stiffness. During the anticipated time, all of these elements are expected to contribute to the India Rigid Plastic Packaging Market's growth (2022-2028).

India Rigid Plastic Packaging Market - By Application

Based on application, the India Rigid Plastic Packaging Market is segmented into Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups 7 POTS, Caps & Closures, and Others. The bottles & jars segment holds the largest share of the India Rigid Plastic Packaging Market. Water, juices, carbonated soft drinks, cosmetics, food products, personal care products, and pharmaceutical products are all packaged in rigid plastic bottles. The majority of these bottles and jars are made of PET, PE, PP, HDPE, PS, or PVC. The thriving retail industry, combined with rising consumer disposable income. The growing population, urbanization, and rising demand for beverages and home care products are driving market expansion.

India Rigid Plastic Packaging Market - By End-User

Based on end-user, the India Rigid Plastic Packaging Market is segmented into Food & Beverages (Bakery, Dairy, Confectionery, Snacks, Meat, Others), Cosmetics & Personal Care (Sun Care, Oral Care, Skin Care, Body Care, Perfume, Decorative Cosmetics, Haircare), Health Cares (Syringes, Tablets, Syrups, Surgical Items, Others), and Others. Among these, Food & Beverages dominates the market. This is due to a surge in the demand for jars, bottles, and other containers from the food and beverage industry. Moreover, the health cares segment is expected to dominate the market share during the forecast period (2022-2028). This is because pharmaceutical companies increasingly rely on packaging and labeling to protect and promote their products.

Competitive Landscape

The leading market players in the India Rigid Plastic Packaging Market are Time Technoplast Ltd., Manjushree Technopack Limited, Mold-Tek Packaging Limited, Hitech Corporation Limited, Amcor Rigid Plastics India Private Limited, Pearl Polymers Limited, Parekhplast India Limited, EPL Limited, Sintex Plastics Technology Limited, and other prominent players.

The market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• In May 2021, Sidel is introducing the StarLITE​ HPC base. The new oval bottle base option for flat PET containers aids in achieving optimum performance while also being compatible with up to 100% recycled PET (rPET). The new bottle base not only improves container stability by up to 25%, but it also optimizes bottle weight and energy usage, lowering production costs and greenhouse gas (GHG) emissions while paying for itself.

Scope of the Report

By Material

• PE
• PET
• PS
• PP
• PVC
• EPS
• Bioplastics
• Others

By Production process

• Extrusion
• Injection Molding
• Blow Molding
• Thermoforming
• Other

By Application

• Bottles & Jars
• Rigid Bulk Products
• Trays
• Tubs
• Cups 7 POTS
• Caps & Closures
• Others

By End-User

• Food & Beverages

1. Bakery
2. Dairy
3. Confectionary
4. Snacks
5. Meat
6. Others

• Cosmetics & Personal Care

1. Sun Care
2. Oral Care
3. Skin Care
4. Body Care
5. Perfume
6. Decorative Cosmetics
7. Haircare

• Health Cares

1. Syringes
2. Tablets
3. Syrups
4. Surgical Items
5. Others

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. India Rigid Plastic Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. India Rigid Plastic Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Material
         1. PE
         2. PET
         3. PS
         4. PP
         5. PVC
         6. EPS
         7. Bioplastics
         8. Others
      2. By Production process
         1. Extrusion
         2. Injection Molding
         3. Blow Molding
         4. Thermoforming
         5. Other
      3. By Application
         1. Bottles & Jars
         2. Rigid Bulk Products
         3. Trays
         4. Tubs
         5. Cups 7 POTS
         6. Caps & Closures
         7. Others
      4. By End-User
         1. Food & Beverages
            1. Bakery
            2. Dairy
            3. Confectionary
            4. Snacks
            5. Meat
            6. Others
         2. Cosmetics & Personal Care
            1. Sun Care
            2. Oral Care
            3. Skin Care
            4. Body Care
            5. Perfume
            6. Decorative Cosmetics
            7. Haircare
         3. Health Cares
            1. Syringes
            2. Tablets
            3. Syrups
            4. Surgical Items
            5. Others
         4. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
7. Impact of Covid-19 on India Rigid Plastic Packaging Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
   1. Time Technoplast Ltd.
   2. Manjushree Technopack Limited
   3. Mold-Tek Packaging Limited
   4. Hitech Corporation Limited,
   5. Amcor Rigid Plastics India Private Limited
   6. Pearl Polymers Limited
   7. Parekhplast India Limited
   8. EPL Limited
   9. Sintex Plastics Technology Limited
   10. Other prominent players
9. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        India Rigid Plastic Packaging Market Segmentation

Figure 2        India Rigid Plastic Packaging Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Rigid Plastic Packaging Market Size, By Value (USD Million), 2018-2028

Figure 5        India Rigid Plastic Packaging Market Share, By Material, By Value, 2018-2028

Figure 6        India Rigid Plastic Packaging Market Share, By Production Process, By Value, 2018-2028

Figure 7        India Rigid Plastic Packaging Market Share, By Application, By Value, 2018-2028

Figure 8        India Rigid Plastic Packaging Market Share, By End-User, By Value, 2018-2028

List of Tables

Table 1         India Rigid Plastic Packaging Market Size, By Material, By Value, 2018-2028

Table 2         India Rigid Plastic Packaging Market Size, By Production Process, By Value, 2018-2028

Table 3         India Rigid Plastic Packaging Market Size, By Application, By Value, 2018-2028

Table 4         India Rigid Plastic Packaging Market Size, By End-User, By Value, 2018-2028

Table 5         Time Technoplast Ltd., Company Overview

Table 6         Time Technoplast Ltd., Financial Overview

Table 7         Manjushree Technopack Limited Company Overview

Table 8         Manjushree Technopack Limited Financial Overview

Table 9         Mold-Tek Packaging Limited Company Overview

Table 10        Mold-Tek Packaging Limited Financial Overview

Table 11        Hitech Corporation Limited Company Overview

Table 12        Hitech Corporation Limited Financial Overview

Table 13        Amcor Rigid Plastics India Private Limited Company Overview

Table 14        Amcor Rigid Plastics India Private Limited Financial Overview

Table 15        Pearl Polymers Limited Company Overview

Table 16        Pearl Polymers Limited Financial Overview

Table 17        Parekhplast India Limited Company Overview

Table 18        Parekhplast India Limited Financial Overview

Table 19        EPL Limited Company Overview

Table 20        EPL Limited Financial Overview

Table 21        Sintex Plastics Technology Limited Company Overview

Table 22        Sintex Plastics Technology Limited Financial Overview