India Plastics Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast 2027

Komal

09 Aug 2023 • 3 min read

India Plastics Market was worth US$ 36.07 Bn in 2020 and total revenue is expected to grow at a rate of 6.6% CAGR from 2021 to 2027, reaching almost US $ 56.42 Bn in 2027.

India Plastics Market Overview

The recent research report by Maximize Market Research presents a India Plastics Market. The report mainly focuses on the key players and their market segments, business stratagem, regional expansion, production, and pricing with cost structure. The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyze the India Plastics Market.

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India Plastics Market Report Scope and Research Methodology

The report on the India Plastics Market offers details of the applications and key strategies in the market with different driving and restraining factors. The report contains the study of market trends, volume, cost, share, supply and demand, and product analysis. The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analyzed by tools such as SWOT and PESTLE analysis to understand the India Plastics Market.

India Plastics Market Dynamics:

The Indian plastics industry also supplies polymers to a wide range of other industries, including electronics, consumer packaged goods, and the automotive sector. The demand for plastic has increased by 8% a year during the last few decades. During the predicted period, a similar development rate is anticipated to persist. India's plastics industry is advancing at one of the highest rates in the world, and annual growth in plastic use is 16 percent. Taking into account a growing middle class with minimal plastics use per person. Given that there will undoubtedly be an increase in per capita plastic consumption, this fast progress rate is anticipated to continue. Despite the fact that India's plastics industry has suffered from the country's general economic emergency over the past two years, the underlying economic movement rests on the declining rupee.

India Plastics Market Regional Insights

Regional analysis of a India Plastics Market research report contributes insights into how the India Plastics Market varies across different geographic regions. A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.

India Plastics Market Segmentation

The plastic good producers have urged Prime Minister Narendra Modi to establish the Petrochemical Controlling Authority to make a fair rating mechanism & guarantee that PSUs such as IOCL, GAIL, BPCL help local plastic processing units. The administration’s anti-dumping duty & compulsory BIS standards were creating a non-tariff barrier & the Indian plastic processing industry being import-dependent has to see a huge issue.

The plastic good producers has claimed an instant prohibition on the export of the raw material, polymer, from country to ease supplies in the nation & check the cost rise striking zero duty on polymer imports. With China, establishes of more than 50,000 PPU of which 90 percent are MSME. The segment openly employs more than fifty lakh people & pays more than `three lakh crore to the nation’s GDP.

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India Plastics Market Key Players

• Reliance Industries
• Tipco Industries Ltd.
• Rajiv Plastics Ltd
• Milacron India Pvt. Ltd.
• Borouge (India) Pvt Ltd.
• Haldia Petrochemicals
• Milacron India Pvt. Ltd.
• LG Polymers India
• Ineos Styrolution
• Bhramaputra Cracker & Polymer Ltd
• DCM Shriram
• Others

Key questions answered in India Plastics Market are:

What is the India Plastics Market size of the dominating region?
What was the India Plastics Market size in 2022?
What is the expected India Plastics Market size by 2029?
What is the growth rate of the India Plastics Market?
Which are the factors expected to drive the India Plastics Market growth?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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