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

1. 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

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5. 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 PRODUCTION PROCESS RAW MATERIAL Review Period 2014 – 2017 Base Year 2018 Estimated Year 2019 Forecast Period 2020 – 2024 TYPE Year Range RIGID PLASTICS MARKET • Bottles & Jars • Rigid Bulk Products • Trays & Tubs • Others (Cups & Pots) • Polyethylene (PE) • Polyethylene Terephthalate (PET) • Polypropylene (PP) • Polystyrene (PS) • Expandable Polystyrene (EPS) • Others (PVC, PC, PLA, Polymamide) • Rotomolding • Injection Molding • Blow Molding • Other (Thermoforming) END USE • Food & Beverages • Healthcare • Cosmetics & Toiletries • Industrial • Others (Electronics) REGIONS • North • East • West • South

6. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the India rigid plastic packaging market, overall market size and segmental market size. 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. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. 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

7. 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.

8. 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

9. 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.

10. 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.

11. Sample Data - Snapshot Figure 13: India Cosmetics Market Size, By Value (USD Billion), 2017 & 2025F • India Rigid Plastic Packaging Market Share, By Raw Material, By Value, 2018 • Figure 8: India Rigid Plastic Packaging Market Share, By Company, By Value, 2018 Figure 38: India Paint & Pigment Industry Market Size, By Value, 2015-2018 (USD Million)

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