India Blow Molded Plastics
Market is anticipated to grow significantly rate in the projected period of 2029
which is driven by the increasing demand from packaging
sector. In 2020, according to the Indian Institute of Packaging (IIP),
packaging consumption in India increased from 4.3 kgs per person per annum
(pppa) to 8.6 kgs pppa.
India Blow Molded
Plastics Market is expected to expand during the projected period due to increasing
demand from packaging sector as the rise of e-commerce has created a surge in
demand for efficient and lightweight packaging solutions. Blow molded plastic
containers, bottles, and packaging materials offer durability, versatility, and
cost-effectiveness, making them ideal for the e-commerce sector.
Moreover, the demand for
plastic product in building & construction applications is increasing because
of its properties such as comfort, energy conservation, protection against
water, and lightweight. These plastics are used in sewage pipes, wires and
cables in buildings, as plastics are flame retardant and flexible. Along with
this, blow molded plastics are also used in the production of automotive parts that
including the panel, railing, bumper support, mudguards and door locking
systems. Thus, rising demand of blow molded plastics from various sectors lead
to growing the demand of India Blow Molded Plastic Market in the upcoming years.
Rising Demand from
Packaging Sector
The packaging industry
in India has undergone a significant transformation in recent years, driven by
changing consumer preferences, rapid urbanization, and the booming e-commerce
sector. Within this dynamic landscape, blow molded plastics have emerged as a
preferred choice for packaging solutions. One of the primary reasons for the
growing demand for blow molded plastics in the packaging sector is their
lightweight and durable nature. Blow molded plastic containers, bottles, and packaging
materials offer exceptional strength-to-weight ratios, making them ideal for
various applications. As consumers increasingly prioritize convenience and
portability, lightweight packaging solutions have gained prominence in sectors
such as food and beverages, personal care, and pharmaceuticals. The use of blow
molded plastics enables efficient transportation, reduces shipping costs, and
enhances product safety during handling and distribution. In addition, blow
molded plastics provide unmatched versatility and design flexibility to
packaging manufacturers. The process allows for the creation of complex shapes,
intricate designs, and customized packaging solutions tailored to specific
product requirements.
This flexibility is particularly advantageous for
industries like cosmetics, household products, and personal care, where brand
differentiation and eye-catching packaging play a vital role in attracting
consumers. Blow molded plastics offer endless possibilities for unique shapes,
vibrant colors, and innovative packaging designs, thereby enhancing product
appeal and shelf presence. For instance, according to India Brand Equity
Foundation, in Jan 2023, the Indian plastic processing industry comprises
approximately 30,000 units that use injection molding, blow molding, extrusion,
and calendaring to create a wide range of products. Moreover, India's
e-commerce industry has experienced exponential growth in recent years,
necessitating the need for efficient and reliable packaging solutions. Blow
molded plastics have emerged as a preferred choice for e-commerce packaging due
to their durability, resistance to impact, and ability to protect products
during transportation. The secure closures and tamper-evident features offered
by blow molded plastic containers and bottles further enhance product integrity
and consumer confidence in online purchases. With the increasing number of
online shoppers in India, the demand for blow molded plastic packaging
solutions is set to soar.
Moreover, the food and
beverage industry are a key driver of the blow molded plastics market in the
packaging sector. The demand for blow molded plastic containers and bottles for
beverages, sauces, condiments, edible oils, and other food products has witnessed
substantial growth. Blow molded plastics offer excellent barrier properties,
ensuring product freshness, preventing leakage, and extending shelf life. Furthermore,
the ability to incorporate features such as tamper-evidence, resealability, and
easy pour spouts enhances consumer convenience and promotes brand loyalty.
For instance, PepsiCo
Inc. is using additive manufacturing in addition to blow molding to develop beverage
bottles faster at a reduced cost.
Furthermore, the
lightweight nature of blow molded plastics helps reduce material consumption
and minimize carbon emissions throughout the packaging life cycle. The adoption
of such sustainable packaging initiatives is driving the demand for blow molded
plastics in India's packaging sector which led to the growth of India Blow
Molded Plastics Market in the upcoming years.
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Growing Focus of Blow
Molded Plastics in the Consumables & Electronics Sector
The electronics sector
in India has witnessed remarkable growth, driven by increasing digitalization,
advancements in technology, and rising demand for consumer electronics. Blow
molded plastics play a crucial role in the production of electronic component enclosures
and housings. These plastics offer excellent electrical insulation properties,
corrosion resistance, and impact strength, ensuring the protection and
longevity of electronic devices. Blow molded plastics enable the creation of
intricate shapes, precise dimensions, and custom designs, facilitating the
integration of electronic components into a wide range of products, including
smartphones, tablets, appliances, and automotive electronics. The consumables
sector, encompassing products such as personal care items, household goods, and
cleaning products, requires robust and reliable packaging solutions. Blow
molded plastics offer exceptional qualities that make them well-suited for this
sector. They provide durability, resistance to impact, and product protection
during transportation and handling. For instance, According to the ‘A call to
action for broadening and deepening electronics manufacturing’ report by the
Ministry of Electronics and IT, India aims to achieve electronics manufacturing
worth USD 300 billion by 2026. Additionally, blow molded plastics can be
designed with features like tamper-evident closures, easy dispensing
mechanisms, and customized shapes, catering to the specific needs of consumable
products. These attributes have made blow molded plastics the packaging
material of choice for various consumables in India.
Furthermore, blow molded
plastics offer manufacturers in the consumables and electronics sectors
unparalleled customization and design flexibility. The blow molding process
allows for the creation of complex shapes, precise contours, and customized features
that meet the specific requirements of products. This versatility is
particularly valuable in the electronics sector, where space optimization,
functionality, and aesthetics are essential. With blow molded plastics, manufacturers
can produce enclosures, casings, and housing solutions that not only protect
electronic components but also offer sleek designs, ergonomic shapes, and
branding opportunities. Hence, the increased use of blow molded plastics in the
consumables & electronics sector fueling the India Blow Molded Plastics Market
growth in the projected period.
Increasing Supportive Policies
of Government Dominate the Market Growth
Indian government has
played a crucial role in supporting the growth of the E-commerce in the country
by implementing favorable policies and regulations and various initiatives,
namely Digital India, Make in India, Start-up India, Skill India and Innovation
Fund. Initiatives such as the "Make in India" campaign have
encouraged domestic manufacturing, thereby boosting the production of Blow
Molded Plastics within the country. Additionally, regulatory bodies such as the
Bureau of Indian Standards (BIS) and the Food and Drug Administration (FDA) have
established stringent quality standards and guidelines to ensure the safety and
efficacy of various products packaging.
For instance, in 2020, the
Minister of Commerce and Industry, invited start-ups to register at public
procurement portal, Government e-Marketplace (GeM), and offer goods and services
to government organisations and PSUs.
Additionally, support by
government regarding the manufacturing of electronics items such as mobile,
laptops, LED products lead to increase the demand of plastic materials. For
instance, Indian government starts Phased Manufacturing Programme (PMP), for
boosting the domestic value addition of sub-assemblies and mobile phones and
make India as an attracting investment in the electronics sector, and help in
the established manufacturing capabilities.
All these factors dominate
the Demand of India Blow Molded Plastic Market in the forecast period.
However, the consumption
of plastic materials increases result in the generation of waste and limited
recyclability affected the market growth. Along with this, advancement in technology
for enhancing the product quality lead to increase the production cost, result
in the rise of the product hampering the growth of the market.
Recent Development
- In 2023, UFlex
Limited and ExxonMobil collaborate to introduce certified-circular packaging
in the India subcontinent.
- In 2023, Jagmohan
Pla-Mach Pvt. Ltd. starts manufacturing of IBCs, or intermediate bulk
containers, which are industrial-grade containers designed for the bulk
handling, transportation, and storage of liquids, semi-solids, pastes, or
solids.
- In 2022, Awanti
Polymoulds start manufacturing of rotary-blowing mould for a global
soft-drink company for multiple franchises across India.
Market Segmentation
India Blow
Molded Plastics Market is segmented based on product, application, and region. Based on the product, the India Blow Molded Plastics Market is divided into
polypropylene, acrylonitrile butadiene styrene, polyethylene, polystyrene, PVC,
and others. Based on the technology, the India Blow Molded Plastics Market is fragmented
into extrusion, injection, stretch, and others. Based on the application, the India
Blow Molded Plastics Market is categorized into packaging, consumables &
electronics, automotive & transport, building & construction, others. Based on region, the
market is segregated into North, East, West and South.
Company Profiles
Sabic Innovative
Plastics India Pvt. Ltd, BASF India Ltd., Dow Chemical International Pvt. Ltd.,
ExxonMobil Company India Pvt. Ltd., Covestro (India) Pvt. Ltd., Basell
Polyolefins India Pvt Ltd, INEOS Styrolution India Limited, Awanti Polymoulds, Berry
Global India Private Limited, Parekhplast India Limited are some of the key players
in India Blow Molded Plastics Market.
Attribute | Details |
Base
Year | 2029 |
Historic Data | 2019 – 2022 |
Estimated
Year | 2024 |
Forecast Period | 2025 – 2029 |
Quantitative
Units | Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029 |
Report coverage | Revenue forecast, Company
shares, competitive landscape, growth factors, and trends |
Segments
covered | Product Technology Application |
Region scope | North, East, West, South |
Key companies profiled | Sabic Innovative Plastics
India Pvt. Ltd, BASF India Ltd., Dow Chemical International Pvt. Ltd.,
ExxonMobil Company India Pvt. Ltd., Covestro (India) Pvt. Ltd., Basell Polyolefins
India Pvt Ltd, INEOS Styrolution India Limited, Awanti Polymoulds, Berry
Global India Private Limited, Parekhplast India Limited |
Customization
scope | 10% free report customization with purchase. Addition or alteration
to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase
options to meet your exact research needs. |
Delivery
Format | PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, India Blow Molded Plastics
Market has been segmented into the following categories, in addition to the
industry trends, which have also been detailed below:
- India Blow Molded Plastics Market, By Product:
- Polypropylene
- Acrylonitrile
Butadiene Styrene
- Polyethylene
- Polystyrene
- PVC
- Others
- India Blow Molded Plastics Market, By Technology:
- Extrusion
- Injection
- Stretch
- Others
- India Blow Molded Plastics Market, By Application:
- Packaging
- Consumables & Electronics
- Automotive & Transport
- Building & Construction
- Others
- India Blow Molded Plastics Market, By Region:
Competitive landscape
Company Profiles: Detailed analysis of the
major companies in India Blow Molded Plastics Market.
Available Customizations:
With the given market data, TechSci Research
offers customizations according to a company’s specific needs. The following customization
options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
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