India Rigid Plastic Packaging Market - Industry Size, Share, Trend Report 2027

1. 2017 – 2027 INDIA RIGID PLASTIC PACKAGING MARKET FORECAST AND OPPORTUNITIES Published: February 2022 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Table of Contents

3. Table of Contents

4. Table of Contents

5. List of Figures Air Coolers 5

6. List of Figures Air Coolers 6

7. List of Figures Air Coolers 7

8. Product Overview

9. Product Overview Air Coolers Rigid plastic packaging is manufactured using plastic material and has a robust and inflexible characteristic shape or form. Rigid plastic packaging possesses properties such as lightweight nature, durability, etc., to keep the goods inside the packaging safe for a longer period of time. Rigid plastic packaging material can be used in any packaging-related application. It majorly includes products such as cups, bottles, pots, cans and closures. Its production processes are also wide-ranging and are wholly dependent on their areas of application. The major production processes include roto molding, injection molding and blow molding. Rigid plastic packaging is used in various industries such as food & beverages, healthcare and cosmetics & toiletries. Market Segmentation PRODUCTION PROCESS RAW MATERIAL Review Period 2014 – 2017 Base Year 2018 Estimated Year 2019 Forecast Period 2020 – 2024 TYPE Year Range RIGID PLASTICS MARKET • Rotomolding • Injection Molding • Blow Molding • Other (Thermoforming, Extrusion, etc.) • Polyethylene (PE) • Polyethylene Terephthalate (PET) • Polypropylene (PP) • Polystyrene (PS) • Expandable Polystyrene (EPS) • Others (PVC, PC, PL, etc.) • Bottles & Jars • Rigid Bulk Products • Trays & Tubs • Others (Cups & Pots) END USE • Food & Beverages • Healthcare • Cosmetics & Toiletries • Industrial • Others (Electronics) REGION • North • East • West • South 9

10. Research Methodology

11. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the India rigid plastic packaging market. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. In-depth secondary research was conducted to determine top players in the India rigid plastic packaging market, overall market size and segmental market size. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Website • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

12. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India rigid plastic packaging market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as healthy growth in the food and beverage industry, growing demand from paint & pigment industry, rising consumer preferences for convenient packaging methods, etc., and projected a positive growth scenario over the next five years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India rigid plastic packaging market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as rigid plastic packaging companies, channel partners, end users, industry experts and other industry participants. • The research team interviewed more than 30 rigid plastic packaging companies, 20 raw material suppliers, 100 end users and 15 Industry experts and other value chain stakeholders in India rigid plastic packaging market to obtain the overall market size between 2017 and 2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out to arrive it for the forecast period. • Respondents were asked about the current and future market growth rates, market shares by raw material, by type and by region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further

13. Research Methodology triangulated from other stakeholders depending upon the type of rigid plastic packaging market. Methodology Followed for Calculation of Market Shares: Market shares by raw material, by type, by production process, by end use, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various product applications and end users. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India rigid plastic packaging market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis Note: (a) Sum of some shares may not be exactly 100% due to round off till two decimal places. (b) The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macro economic indicators in the economic profiles are for Calendar year.

14. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are for the organized and unorganized market including market share data.

15. Industry Brief Rising trend for moisture resistance and light weight packaging are some of the factors influencing the demand of India rigid plastic packaging market through 2027F. According to TechSci Research report, “India Rigid PlasticPackaging Market By Region, Competition Forecast & Opportunities, 2027”, the India rigid plastic packaging market is anticipated to witness a CAGR of 8.01% in the forecast period to reach USD18.02 billion by 2027. Rise in the manufacturing industries, technological innovations in packaging technology, and high demand for recyclable plastic are the key factors driving the growth of India rigid plastic packaging market. Also, the increased demand for small-size rigid packaging for materials like cosmetic products contributes to increased market growth. Growing concerns about plastic waste in the country are bolstering the need to find techniques to lower waste generated by plastics. Around 7000 official and unorganized plastic recycling centers in India are playing a significant role in minimizing plastic waste. Market players are looking for solutions to optimize plastic waste during the production process and investing substantial amounts in research and development activities. The demand for rigid plastic packaging in the healthcare industry is expected to witness a massive growth in the forecast period due to the high healthcare expenditure and increase in the prevalence of chronic diseases among individuals. Rigid plastic packaging is used to secure the medicines from getting contaminated and thereby helps in maintaining the quality of medicines. Stringent regulatory standards set up by leading authorities to preserve the effectiveness of drugs are expected to boost the demand for rigid plastic packaging among pharmaceutical market players. However, the presence of a vast unorganized sector and environmental concerns may restrain India rigid plastic packaging market's growth in the forecast period. The India rigid plastic packaging market is segmented into raw material, type, production process, end user, company, and regional distribution. Based on type, the market is divided into bottles & jars, rigid bulk products, trays & tubs, and others. Bottles & jars are expected to dominate the market and are expected to hold a market share of over 38% in 2027. The majority of bottles & jars are made up of PET, PE, PP, HDPE, PS, and PVC. Rigid plastic bottles are used for packing various materials such as cosmetics, food products, personal care products, carbonated soft drinks, pharmaceutical products. Increasing population, rapid urbanization, and growing expenditure capacity of consumers play a crucial role in fueling the market growth. The flourishing retail industry and the high demand for beverages and home care products are expected to accelerate the market growth in the next five years. Based on end user, the market is segmented into blow molding, injection molding, rotomolding, and others. Blow molding is leading the market in 2021, registering a market share of 47.86%, and is expected to maintain its dominance throughout the forecast period. Blow molding supports a quick manufacturing process and high-volume outputs. It uses a relatively lower pressure during the production process that reduces the expenses during the production process; therefore, it is expected to witness a massive growth in the next five years. Major market players operating in the 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, Sintex Plastics Technology Limited, Conitex Sonoco India Private Limited “High internet penetration, the proliferation of smart devices, and increased per capita income of consumers are driving the growth of the e-commerce industry in India. Ease of shopping through online platforms and offering a customized shopping experience by market players is making the consumers buy things online. With the growth of the e-commerce industry, the plastic industry is witnessing significant growth opportunities in the next five years. The advent of sustainable materials, bio-based plastics, and flexible packaging techniques are expected to propel the India rigid plastic packaging market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

16. Sample Data - Snapshot India Rigid Plastic Packaging Market Size, By Value (USD Billion), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% South India Rigid Plastic Packaging Market Share, By Raw Material, By Value, 2017-2027F East India Rigid Plastic Packaging Market Share, By Type, By Value, 2017-2027F

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