Rigid Plastic Packaging Industry In India

Mold tek packaging limited is the leader in manufacturing injection molded rigid plastic packaging containers.

Rigid plastic packaging industry in india.

The packaging industry in india is expected to reach 73 billion in 2020 from 32 billion in fy 15 according to a report prepared by ficci and tata strategic management group tsmg on plastic industry titled plastic packaging. The future of rigid plastic packaging to 2024. Global rigid plastic packaging consumption is projected at 58 6 million tonnes in 2019 and is forecast to grow during 2019 2024 at an annual rate of 3 5 to 69 8 million tonnes. Plastic packaging industry outlook usd bn cagr 18 16 15 3 3 3 12 1 fy10 31 7 72 6 8 5 23 3 46 8 25 9 fy15 fy20 rigid flexible.

The market for rigid plastic packaging in india has grown well in the recent years and stood at about inr 184 billion equating to a volume of 1 6 million tonnes in 2015 16. India rigid plastic packaging market stood at around 7 7 billion in 2018 and is projected to grow at cagr of 10 8 to reach 14 4 billion by 2024. East india rigid plastic packaging market outlook 10. However in the coming years indian packaging industry is expected to grow at 18 p a.

The market is expected to grow at an annual growth of around 13 5 during the next five years. This detailed and meticulously composed market research report on the rigid and flexible plastic packaging market discussed the various market growth tactics and techniques that are leveraged by industry players to make maximum profits in the rigid and flexible plastic packaging market even amidst pandemic situation such as covid 19. And rigid packaging to grow at 15 p a. This is mainly due to the emerging economies in china and india coupled with growth in applications of rigid plastic packaging in the food beverage and healthcare industries.

South india rigid plastic packaging market outlook 9. Wherein the flexible packaging is expected to grow at 25 p a. Packaging industry in india growth trends and forecast 2020 2025 the packaging industry in india is segmented by end user industry food beverage healthcare cosmetics personal care and household care industrial and material type paper plastic glass metal.