DUBLIN--(BUSINESS WIRE)--The "India Rigid Plastic Packaging Market, By Raw Material (PE, PET, PP, PS, EPS, and others (PC, PL, PVC)), By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs, and others (Cups, Pots), etc), By End User, By Region, Competition Forecast & Opportunities, 2027F" report has been added to ResearchAndMarkets.com's offering.

The Indian Rigid Plastic Packaging Market stood at USD11.54 billion in 2021 and is anticipated to grow at a CAGR of 8.01% in the forecast period, 2023-2027

High demand for rigid plastic packaging from the healthcare, pharmaceutical, and food & beverage industries is the major driving factor for the Indian Rigid Plastic Packaging Market.

Rising population, growing per capita income, and improvement in the living standards of consumers are enabling them to afford quality products. Supportive government policies promoting the manufacturing of products in the country acted as a positive factor in the Indian Rigid Plastic Packaging Market growth.

After the COVID-19 outbreak, the demand for healthy food items and nutritional drinks increased at a high rate. To boost the shelf life of food products and maintain the quality, food & beverage market players use hard packaging materials. Rigid plastic packaging is used majorly in the food & beverage industry to keep the food products safe for a longer duration.

Adoption of a hectic lifestyle by consumers leaves less time for cooking and other activities, thereby increasing the consumption of packaged food items. Availability of sustainable packaging materials and growing innovations in packaging technology are expected to bolster the Indian Rigid Plastic Packaging Market in the next five years.

The Indian Rigid Plastic Packaging Market is segmented on raw material, type, production process, end-user, company, and regional distribution. Based on raw material, the market is divided into PE, PET, PP, PS, EPS, and others.

Polyethylene (PE) is expected to hold the largest market share in the forecast period due to the benefits offered by polyethylene, such as low chemical resistance, low cost, and robustness. It is also lightweight, customizable, and easily recyclable.

Objective of the Study:

• To analyze the historical growth of the market size of the Indian Rigid Plastic Packaging Market from 2017 to 2020.
• To estimate and forecast the market size of the Indian Rigid Plastic Packaging Market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast the Indian Rigid Plastic Packaging Market based on raw material, type, production process, end-user, company and regional distribution.
• To identify dominant region or segment in the Indian Rigid Plastic Packaging Market.
• To identify drivers and challenges for the Indian Rigid Plastic Packaging Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Rigid Plastic Packaging Market.
• To identify and analyze the profile of leading players operating in the Indian Rigid Plastic Packaging Market.
• To identify key sustainable strategies adopted by the market players in the Indian Rigid Plastic Packaging Market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indian Rigid Plastic Packaging Market.

• 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
• Conitex Sonoco India Private Limited

Report Scope:

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

India Rigid Plastic Packaging Market, By Raw Material:

• PE
• PET
• PP
• PS
• EPS
• Others (PC, PL, PVC)

India Rigid Plastic Packaging Market, By Type:

• Bottles & Jars
• Rigid Bulk Products
• Trays & Tubs
• Others (Cups, Pots) etc.

India Rigid Plastic Packaging Market, By Production Process:

• Blow Molding
• Injection Molding
• Rotomolding
• Others (Thermoforming, Extrusion etc.)

India Rigid Plastic Packaging Market, By End-User:

• Food and Beverage
• Healthcare
• Cosmetics & Toiletries
• Industrial
• Others (Paints & Coatings, Electronics & Appliances, etc.)

India Rigid Plastic Packaging Market, By Region:

• West
• North
• South
• East

For more information about this report visit https://www.researchandmarkets.com/r/89vopw

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