Press Release

India Rigid Plastic Packaging Market to Grow with a CAGR of 3.42% through 2030

Growing Healthcare Sector is expected to drive the India Rigid Plastic Packaging Market growth in the forecast period, 2026-2030.


According to TechSci Research report, “India Rigid Plastic Packaging Market- By Region, Competition, Forecast and Opportunities, 2020-2030”, the India Rigid Plastic Packaging Market was valued at USD 2.18 Billion in 2024 and is anticipated to grow with a CAGR of 3.42% through 2030. The expanding healthcare sector, including pharmaceuticals, is driving demand for diverse packaging solutions for medications, supplements, and medical devices. Rigid plastic packaging is preferred due to its durability and capability to provide secure, tamper-evident, and contamination-resistant solutions. In 2023, Herbalife Nutrition partnered with GEM Enviro to enhance plastic waste recycling in India. They established collection centers in major cities such as Bengaluru, Kolkata, Mumbai, Chennai, Delhi, and Hyderabad to collect used Herbalife canisters made of High-Density Polyethylene (HDPE).

The focus on maintaining sterility and safety for medical and pharmaceutical products is increasing, with rigid plastic packaging providing reliable protection against contamination and preserving product integrity. The integration of smart technologies, such as sensors and tracking systems, is becoming more important in healthcare packaging to monitor product conditions and ensure proper usage. Advances in plastic materials, including antimicrobial properties, are improving the safety and effectiveness of packaging solutions.

Berry Global Group started production at its new manufacturing facility and healthcare center of excellence in Bangalore in 2023. This facility will supply packaging for products in the inhalation, nasal, ophthalmic, dispensing, and self-injection industries. Additionally, Colorcon completed its acquisition of Airnov Healthcare Packaging, which specializes in controlled atmosphere packaging for the pharmaceutical, nutraceutical, and diagnostic sectors, with operations in the US, France, China, and India.

Investments in healthcare infrastructure, including hospitals, clinics, and research facilities, are driving demand for packaging materials used in medical supplies and equipment. The Interim Union Budget 2024-25 has allocated USD 10.93 billion to the Ministry of Health and Family Welfare, highlighting the sector's growth and the expanding need for effective packaging solutions. Growing consumer awareness about health and wellness is boosting the demand for health-oriented products such as vitamins, supplements, and medical devices, all of which require robust and reliable packaging. The rise of online pharmacies and telemedicine services is further increasing the need for effective and secure packaging solutions for direct-to-consumer healthcare products.


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The India Rigid Plastic Packaging Market is segmented into raw material, production method, end user, regional distribution, and company.

Based on the production method, the Injection molding emerged as the dominating segment in the Indian market for Rigid Plastic Packaging in 2024. Injection molding facilitates rapid production cycles. Once the mold is established, the machine can manufacture thousands of units per hour, making it ideal for large-scale production. The process also allows for quick mold changes and setup, enabling companies to adapt swiftly to shifting market demand. Injection molding delivers exceptional precision and consistency, which is critical for packaging where uniformity is essential. It produces high-quality surface finishes and detailed features, addressing both aesthetic and functional needs. Additionally, it is highly efficient in material use, generating minimal waste compared to other methods like blow molding, which can lead to higher trim losses.

This technique accommodates a wide range of plastic materials, providing flexibility in packaging design and functionality. It supports the creation of complex shapes and intricate details that are difficult to achieve with other molding methods. The ability to produce customized and branded packaging offers a significant advantage for companies seeking to distinguish their products. Although the initial costs for mold design and production can be high, the cost per unit decreases substantially with high-volume runs, making it cost-effective for large-scale packaging needs. Its versatility in producing various types of packaging, such as bottles, caps, and containers, underscores its dominant position in the market.

Based on the region, the North India emerged as the fastest growing region in the Indian Rigid Plastic Packaging market during the forecast period. States such as Uttar Pradesh, Haryana, and Punjab are witnessing a surge in industrial activity, particularly in sectors like food processing, pharmaceuticals, and automotive. This expansion is driving demand for a variety of packaging solutions, including rigid plastics. Recent investments in new manufacturing facilities and production plants are fueling the region's growth in the packaging sector. For instance, in January 2024, a company launched a new manufacturing unit in Panipat, Haryana, with an investment of USD 382.45 million. This new facility will add 2,500 MTA to the existing capacity.

The region is also undergoing significant urban expansion, with rapid growth in cities like Delhi, Noida, and Ghaziabad. This urbanization is increasing consumer demand for packaged goods. The economic development in these northern states is accelerating, supported by expanding retail sectors and higher consumer spending, which boosts the need for packaging products.

Infrastructure investments, including improvements in transportation and logistics networks, are enhancing supply chain efficiency and distribution channels in the region. For example, in May 2024, Coca-Cola India's independent bottler, in collaboration with Dalmia Packaging, announced plans to establish a PET bottle recycling plant in Uttar Pradesh. The joint venture, with an investment of USD 10.7 million to USD 11.99 million, will have an annual capacity of 36,000 MT and produce 24,000 MT of plastic for PET bottles. The plant will be situated between Lucknow and Kanpur.

Government initiatives to promote industrial growth and enhance business environments are also contributing to the expansion of the packaging market in North India, with various incentives and support for industrial development further driving market growth.


Major companies operating in 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
  • Chemco Group
  • Regent Plast Private Limited.


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“India's rigid plastic packaging market is experiencing a period of transformation, driven by substantial growth in the consumer goods sector. As domestic industries expand, there is a growing need for sophisticated packaging solutions that deliver both durability and functionality. The adoption of automation and smart technologies is improving packaging efficiency and performance. Concurrently, there is a strong focus on minimizing environmental impact, with a significant shift towards using recycled and bio-based materials. This trend aligns with regulatory demands and the increasing consumer preference for sustainable options, fostering innovation and development in the Indian packaging industry”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

India Rigid Plastic Packaging Market By Raw Material (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Expanded Polystyrene (EPS), and Others), By Production Method (Blow Molding, Injection Molding, Rotomolding, and Others), By End User (Food & Beverages, Industrial, Healthcare, Cosmetics & Toiletries, and Others), By Region, Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future growth potential of India Rigid Plastic Packaging Market and provides statistics & information on market size, structure and future market growth. The report intends 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 in India Rigid Plastic Packaging Market.

 

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