India Rigid Plastic Packaging Market is projected to grow at CAGR of 10.8% to reach $ 14.4 billion by 2024 | TechSci Research

2014 – 2024

INDIA RIGID PLASTIC PACKAGING MARKET

BY RAW MATERIAL, BY TYPE, BY PRODUCTION PROCESS, BY END USE,
COMPETITION, FORECAST & OPPORTUNITIES

Published: March 2019
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING

Table of Contents

S. No. Contents
1.
2. Product Overview
3. Research Methodology
4. Executive Summary
Voice of Customer/End User Analysis
5. 4.1. Brand Awareness
4.2. Brand Recall
6. 4.3. Brand Satisfaction
4.4. Major Influencing Factors while Selecting the Supplier

4.5. Challenges Faced (Need-Gap Analysis)

India Rigid Plastic Packaging Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Raw Material (Polyethylene (PE) , Polyethylene Terephthalate (PET) , Polystyrene (PS), Polypropylene (PP),
Expanded Polystyrene (EPS) and Others)

5.2.2. By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs, and Others)

5.2.3. By Production Process (Injection Molding , Blow Molding, Rotomolding and Others)

5.2.4. By End Use (Food & Beverages, Healthcare ,Cosmetics & Toiletries, Industrial and Others)
5.2.5. By Region (West, South, East and North )
5.2.6. By Company

5.3. Market Attractiveness Index (Raw Material, Type and Region)

West India Rigid Plastic Packaging Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Raw Material (Polyethylene (PE) , Polyethylene Terephthalate (PET) , Polystyrene (PS), Polypropylene (PP),
Expanded Polystyrene (EPS) and Others)
6.2.2.
6.2.3. By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs, and Others)
6.2.4. By Production Process (Injection Molding , Blow Molding, Rotomolding and Others)
By End Use (Food & Beverages, Healthcare ,Cosmetics & Toiletries , Industrial and Others)

© TechSci Research 2

Table of Contents

S. No. Contents
7.
North India Rigid Plastic Packaging Market Outlook
8.
7.1. Market Size & Forecast
9.
7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Raw Material (Polyethylene (PE) , Polyethylene Terephthalate (PET) , Polystyrene (PS), Polypropylene (PP),
Expanded Polystyrene (EPS) and Others)

7.2.2. By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs and Others)
7.2.3. By Production Process (Injection Molding, Blow Molding, Rotomolding and Others)
7.2.4. By End Use (Food & Beverages, Healthcare ,Cosmetics & Toiletries , Industrial and Others)
South India Rigid Plastic Packaging Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Raw Material (Polyethylene (PE) , Polyethylene Terephthalate (PET) , Polystyrene (PS), Polypropylene (PP),
Expanded Polystyrene (EPS) and Others)

8.2.2. By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs and Others)
8.2.3. By Production Process (Injection Molding, Blow Molding, Rotomolding and Others)
8.2.4. By End Use (Food & Beverages, Healthcare ,Cosmetics & Toiletries , Industrial and Others)
East India Rigid Plastic Packaging Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Raw Material (Polyethylene (PE) , Polyethylene Terephthalate (PET) , Polystyrene (PS), Polypropylene (PP),
Expanded Polystyrene (EPS) and Others)
9.2.2.
9.2.3. By Type (Bottles & Jars, Rigid Bulk Products, Trays & Tubs and Others)
9.2.4. By Production Process (Injection Molding, Blow Molding, Rotomolding and Others)
By End Use (Food & Beverages, Healthcare ,Cosmetics & Toiletries , Industrial and Others)

© TechSci Research 3

Table of Contents

S. No. Contents
10.
Market Dynamics
11.
12. 10.1. Impact Analysis
13.
14. 10.2. Drivers

15. 10.3. Challenges/Restraints
16.
Market Trends & Developments

Policy and Regulatory Landscape

India Economic Profile

Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

14.2.1 Time Technoplast Ltd.

14.2.2 Manjushree Technopack Limited

14.2.3 Mold-Tek Packaging Limited

14.2.4 Pearl Polymers Limited

14.2.5 Hitech Corporation Limited

14.2.6 Amcor Rigid Plastics India Private Limited

14.2.7 Parekhplast India Limited

14.2.8 Conitex Sonoco India Private Limited

14.2.9 Essel Propack Limited

14.2.10 Sintex Plastics Technology Ltd.

Strategic Recommendations
About Us & Disclaimer

© TechSci Research 4

Product Overview

Rigid plastic packaging, manufactured using plastic material, 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 rotomolding, injection molding and blow
molding. Rigid plastic packaging is used in various industries such as food & beverages, healthcare, and cosmetics & toiletries,
among others.

Market Segmentation TYPE RAW PRODUCTION Year
MATERIAL PROCESS Range
RIGID PLASTICS
MARKET • Bottles & Jars • Polyethylene (PE) • Rotomolding Review Period

• Rigid Bulk Products • Polyethylene • Injection 2014 – 2017

• Trays & Tubs Terephthalate Molding Base Year

• Others (Cups & Pots) (PET) • Blow Molding 2018

END USE • Polypropylene • Other Estimated Year

• Food & Beverages (PP) (Thermoforming) 2019
• Healthcare
• Cosmetics & • Polystyrene (PS) REGIONS Forecast Period

Toiletries • Expandable • North 2020 – 2024
• Industrial
• Others (Electronics) Polystyrene (EPS) • East
• Others (PVC, PC, • West

PLA, Polymamide) • South

© TechSci Research 5

Research Methodology

Market Formulating Developing List Data Data Data
Profiling Questionnaire of Respondents Collection Validation Analysis

In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized
research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical
determine top players in interviews, TechSci and secondary
formulated a detailed specialists was industry experts and tools and internal
the India rigid plastic discussion guide. developed. industry players for research was proprietary database to
packaging market, overall data collection and validated through obtain qualitative and
market size and segmental quantitative insights about
verification. rigorous
market size. triangulation. the India rigid plastic
packaging market.

Data Data Filter Research & Actionable Business Primary Research Desk Research Company Analysis
Collection & Analysis Intelligence Insights Solution
 Identifying Key Opinion  Recent Developments  Market Participants
Leaders  Market Changing  Key Strengths

 Questionnaire Design Aspects/Dynamics
 In-depth Interviews  Government Policies
 Final Conclusion

Primary Research Secondary Paid Sources
Research
 LinkedIn  Factiva
 TechSci Internal  Company Website  Hoovers
 Company Annual
Database
Reports
 White Paper Study
 Financial Reports
 Investor

Presentations
 Regulatory Body
 Associations, etc.

© TechSci Research 6

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 speculated a positive growth scenario over the next 5 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 2018 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 team interviewed more than 40 – 50 rigid plastic packaging companies, 20 raw material suppliers, 180 – 200 end users, and 15 – 20 Industry experts and other value
chain stakeholders in India rigid plastic packaging market to obtain the overall market size from 2014-2018, which was validated by the Delphi technique. Taking standard
deviation into consideration, the market size was averaged out, to arrive at the market size data from 2014-2018.

© TechSci Research 7

Research Methodology

• 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 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

© TechSci Research 8

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.

Partial List of Companies Interviewed Key Secondary Sources

 Amcor Rigid Plastics India Private Limited  Ministry of Statistics and Programme Implementation
 Mold-Tek Packaging Limited  Ministry of Corporate Affairs
 Pearl Polymers Limited  Federation of Indian Chambers of Commerce &
 Time Technoplast Ltd.
 Parekhplast India Limited Industry
 Conitex Sonoco India Private Limited  International Monetary Fund
 Essel Propack Limited  World Bank
 Sintex Plastics Technology Ltd.  TechSci Research Proprietary Database & Knowledge
 Majnushree Technopack Ltd. Co.
 HiTech Group Repository
 Packone Solutions LLP  Company Annual Reports
 Neelkanth Polymers  Industry Magazines
 Krishna Plastic & Packing Material  Industry Reports
 AS Food Packaging  News Dailies
 Bhagyalaxmi Industries

© TechSci Research 9

Industry Brief

According to TechSci Research report, “India Rigid Plastic Packaging Market By Raw Material, By Type, By Production
Process, By End Use, Competition Forecast & Opportunities, 2024’’, India rigid plastic packaging market is forecast to reach
$ 14.4 billion by 2024, owing to the accelerating demand from food and beverage industry and rising consumer
preference for convenient packaging. Rigid plastic packaging is majorly used in food & beverage industry to increase the
shelf life of food product and maintain hygiene. Healthcare industry also generates a fair share of demand for rigid plastic
packaging for various medical devices, syrup bottles, caps, etc. Rigid plastic packaging has properties such as moisture
resistance, tamper proof, light and chemical resistance, etc., owing to which it becomes a preferable choice in healthcare
sector. Regionally, western region of India is the major demand generator for rigid plastic packaging owing to rapid
expansion of end users in states such as Maharashtra and Gujarat. The region is hub for chemical, lubricants and
pharmaceutical industries, which generate huge demand for rigid plastic packaging.

Polyethylene (PE) accounts for the majority share in India rigid plastic packaging owing to the lowest softening point of
the basic packaging plastics which results in lower processing energy costs, thereby making it a more cost-effective
packaging solution as compared to PET, bioplastics and other raw materials. Moreover, PE has greater heat stability and
toughness, thus it is extensively used to make food containers, rigid bulk products, etc. Among production processes, blow
molding technique has a substantial share in India rigid plastic packaging market as it is the most widely used process to
make PET bottles, cups, jars, etc., and allows quick manufacturing and high volume outputs

“Many companies are expanding their production facilities across India. For instance, Manjushree Technopack
inaugurated a new green field facility in Guwahati, Assam, to expand its rigid plastic market in Northeast India. The
expansion increased the company’s combined capacity to 155,000 tons. Additionally, Hi-Tech Corporation inaugurated a
new manufacturing facility in Rohtak, Haryana, to boost its production and match the growing demand for rigid plastic
packaging. The company also announced setting up of a new manufacturing facility in Mysuru, Karnataka, and
Vishakhapatnam, Andhra Pradesh scheduled to be completed by 2020. Such developments would steer growth in India
rigid plastic packaging market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.

© TechSci Research 10

Sample Data - Snapshot

Figure 13: India Cosmetics Market Size, India Rigid Plastic Packaging Market Share, By Raw
By Value (USD Billion), 2017 & 2025F Material, By Value, 2018

2017 2025F 17.00% 16.00% PE
17.00% 16.00% PET
Figure 2: India Plastic Processing Capacity (Million PP
Metric Tons Per Annum), 2010, 2017, 2020F 17.00% 17.00% PS
EPS
Others

Figure 8: India Rigid Plastic Packaging Market Share, By
Company, By Value, 2018

2010 2017 2020F Others, Time
17.00% Technoplas
t, 16.00%

Figure 38: India Paint & Pigment Industry Market Manjushree
Size, By Value, 2015-2018 (USD Million) Technopack
, 16.00%
Hitech
Corporation
Limited,
17.00%

Pearl Mold-Tek
Polymers Packaging,
Ltd., 17.00%
17.00%
2015 2016 2017 2018

© TechSci Research 11

Report Ordering

Report Name: INDIA RIGID PLASTIC PACKAGING MARKET
BY RAW MATERIAL, BY TYPE, BY PRODUCTION PROCESS, BY END USE,
COMPETITION, FORECAST & OPPORTUNITIES 2014 – 2024

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About Us &
Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research Partial List of Clients
reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation
of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-
state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company
activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
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or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
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