India Rigid Plastic Packaging Market Size (2024 - 2029)

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.