India Rigid Plastic Packaging Market Share

Market Share of India Rigid Plastic Packaging Industry

The rigid plastic packaging market in India is fragmented. Numerous manufacturing enterprises operate in the country, leading to a competitive market. Market players are trying to maintain dominance by investing in R&D, incorporating new technology into their products, and delivering improved consumer products. Strategic alliances, agreements, mergers, and partnerships are a few of the strategies employed.

• January 2024: Mold-Tek Packaging inaugurated new manufacturing units in Haryana, Tamil Nadu, and Telangana to bolster its rigid plastic packaging capacity. Additionally, the company secured land in Mahad, Maharashtra, for a 1,500-tonne manufacturing plant. This plant is designated to supply pails to Grasim Industries and is slated for completion by October. Once operational, these four units will elevate the total manufacturing capacity to 54,000 tonnes by the end of the 2024-25 fiscal year.
• February 2024: Pyramid Technoplast Ltd signed a memorandum of understanding (MoU) to acquire 10 acres of land in Maharashtra, India. This strategic move was intended to boost production capacities for polymer drums, intermediate bulk containers (IBCs), and MS drums. The expansion not only diversifies the company's operations into new states but also promises cost-effective services for the region.

India Rigid Plastic Packaging Market Leaders

1. EPL Limited

2. Time Technoplast Ltd.

3. Amcor Rigid Plastics

4. Manjushree Technopack Ltd.

5. Mold-Tek Packaging Ltd

*Disclaimer: Major Players sorted in no particular order