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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