India Plastic Pipes Market to Exhibit a 14.18% CAGR through 2029
The
Indian government is making substantial investments in infrastructure
development are the factors propelling the Market Growth during the forecast
period of 2025-2029.
According
to TechSci Research report, “India Plastic
Pipes Market - By Region, Competition Forecast &
Opportunities, 2029,” the India
Plastic Pipes Market is projected to witness a significant growth with a CAGR
of 14.18% and reach market size of INR1047.66 billion in 2029. The increased
demand for pipes in the irrigation sector and building & construction
industry serves as the major driving factor for the India plastic pipes market.
Plastic pipes
play a crucial role in the development and infrastructure segments in India.
Their lightweight nature allows for easy handling and cost-effective
installation. With excellent corrosion resistance and durability, plastic pipes
ensure long-lasting performance in various applications such as water supply,
sewage systems, and irrigation. Moreover, their affordability compared to
conventional materials leads to cost savings for projects. Additionally,
plastic pipes are non-toxic and chemically resistant, promoting water
conservation and aligning with sustainable development goals. These properties
make plastic pipes valuable contributors to India's growth and infrastructure
development, effectively addressing the country's evolving needs.
The adoption
of key trends within the agriculture industry, including increased trade
activities, private investments in agriculture, and the use of data technology,
are expected to further strengthen the growth of the rural sector. The demand
for high-performance irrigation facilities and improved infrastructure has led
to the increased utilization of PVC pipes for various agricultural
applications. PVC pipes are known for their high flexibility, ductility,
endurance in extreme temperature conditions, and corrosion resistance, making
them ideal for agricultural purposes. Furthermore, PVC pipes are cost-effective
and versatile, allowing them to be used in various forms, thereby driving the growth
of the India PVC pipes market.
Browse over 25 market data Figures spread
through 105 Pages and an in-depth TOC on "India Plastic Pipes Market.”
The
India Plastic Pipes Market is categorized into various segments including type,
end use, diameter, region and competitive landscape. In terms of Type, the
market is divided into Polyvinyl Chloride Pipes, Polyethylene Pipes,
Polypropylene Pipes. The market is further categorized based on End Use,
including Residential, Agricultural, Commercial, Industrial, and
Infrastructure. Diameter-wise, the market is divided into <50mm, 50-100mm,
100-200mm, 200-400mm, 400-700mm, and >700mm. Lastly, the market is segmented
into West, North, South, and East based on region.
Polyvinyl
Chloride Pipes are expected to dominate the market in terms of type. The
increasing demand for such pipes in various sectors such as irrigation,
sanitation, and construction are driving the growth of the India PVC pipes
market. Furthermore, government spending and investments in housing,
sanitation, construction, irrigation, and environmental protection initiatives,
such as housing for all and the development of 100 smart cities, are expected
to create significant opportunities for players in the India PVC pipes market,
fostering economic growth in the future.
In
South India, which is well-known for tea cultivation, there is a significant
need for water supply, leading to an increased demand for plastic pipes. These
pipes are used for watering tea plantations. Moreover, infrastructure
development projects are expected to further surge the demand for plastic pipes
in the region.
Key
market players in the India Plastic Pipes Market include:
- Finolex Industries Limited
- Ashirvad Pipes Private Limited
- Prince Pipes and Fittings Ltd.
- Astral Limited
- Kriti Industries (India) Limited
- Supreme Industries Limited
- Captain Pipes Ltd.
- Ori Plast Limited
- Dutron Polymers Limited
- Kankai Pipes & Fittings Pvt. Ltd.
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“Plastic
pipes have emerged as a pivotal catalyst in India's infrastructure and
development sector. Their popularity can be attributed to several factors.
Firstly, plastic pipes are lightweight and easy to handle, enhancing installation
efficiency and cost-effectiveness. Additionally, they exhibit excellent
corrosion resistance, ensuring durability and an extended lifespan, even in
challenging environmental conditions. Moreover, plastic pipes are relatively
cost-effective compared to conventional materials, enabling significant cost
savings for projects. Furthermore, they are non-toxic and exhibit excellent
chemical resistance, making them suitable for various applications, including
water supply, sewage systems, and irrigation. Furthermore, the smooth interior
of plastic pipes facilitates water conservation by reducing flow resistance and
friction. With India's increasing focus on sustainable and efficient
infrastructure, the utilization of plastic pipes is likely to continue driving
innovation in the country's construction and development endeavors.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“India Plastic Pipes Market By
Type (Polyvinyl Chloride Pipes, Polyethylene Pipes, Polypropylene Pipes), By
End Use (Residential, Agricultural, Commercial, Industrial & Infrastructure),
By Diameter (<50mm, 50-100mm, 100-200mm, 200-400mm, 400-700mm, >700mm), By
Region,
Competition Forecast & Opportunities,
2029,” has evaluated the future growth potential of India Plastic Pipes
Market and provides statistics and information on market structure, size,
share, and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the India Plastic Pipes Market.
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