The market, which is currently estimated to be worth US$ 155 billion, is expected to reach US$ 230 billion by the end of 2032. The demand for polyethylene terephthalate is anticipated to increase at a 4.2% CAGR through 2032.
The value of the India Rigid Plastic Packaging Market was estimated at USD 10.72 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 10.7% to reach USD 21.35 billion by 2028. The primary drivers of the market’s explosive growth are the growing consumer demand for food and drink, personal hygiene products, and bulky plastic goods. Additionally, essential household products that promote market expansion include electric switches, trays, shallow plates, and hard plastic containers. Additionally, extending technological innovation across a variety of products made of hard plastic. In addition, the rapidly expanding food and beverage industry has a high demand for bottles, jars, fruit juice containers, food package containers, and gastronomic bags. Throughout the projected period (2022–2028), all of these factors support the growth of the India Arabia Rigid Plastic Packaging Market.
List of Top 5 Plastics – Pet Bottels, Jars & Containers in India (BSE) based on Net Profit.
| Company Name | Net Profit (Rs. cr) |
| Hitech Corp | 28.33 |
| TPL Plastech | 16.03 |
| Kemp and Co | 1.17 |
| Swadeshi Ind | -0.1 |
| Innovative Tech | -1.43 |
Source: BSE, India, last updated 19 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Khandelwal, C., & Barua, M. K. (2020). Prioritizing circular supply chain management barriers using fuzzy AHP: Case of the Indian plastic industry. Global Business Review, 0972150920948818.
2. Resat, H. G., & Unsal, B. (2019). A novel multi-objective optimization approach for sustainable supply chain: A case study in packaging industry. Sustainable production and consumption, 20, 29-39.
3. Bajer, D., & Burkowska-But, A. (2022). Innovative and environmentally safe composites based on starch modified with dialdehyde starch, caffeine, or ascorbic acid for applications in the food packaging industry. Food Chemistry, 374, 131639.
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