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India Plastics Market Set for Expansion, Expected to Reach USD 68.33 Billion by 2030

12-09-2024 08:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

India Plastics Market

India Plastics Market

The ๐ˆ๐ง๐๐ข๐š ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ was worth USD 43.68 Bn in 2023 and total revenue is expected to grow at a rate of 6.6% CAGR from 2024 to 2030, reaching almost USD 68.33 Bn in 2030.

๐ˆ๐ง๐๐ข๐š ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The Indian plastics industry, which began in 1957, has grown into a significant sector of the nation's economy, comprising over 30,000 companies and employing over 4 million people. As a major global exporter, India supplies a wide range of plastic products, including raw materials, laminates, and consumer goods, to over 150 countries. Despite recent economic challenges, the industry continues to thrive, driven by increasing domestic consumption and expanding applications across various industries.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š: https://www.maximizemarketresearch.com/request-sample/120148/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ข๐š ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

India's plastics market is fueled by rapid industrialization, a growing middle class, and increasing demand from sectors like automotive, packaging, and electronics. With rising per capita plastic consumption and a growing preference for lightweight, cost-effective materials, the market has become a critical contributor to the country's economic growth.

๐ˆ๐ง๐๐ข๐š ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The adoption of advanced technologies such as automation, coupled with the rising demand for eco-friendly and energy-efficient solutions, is shaping the future of the Indian plastics industry. Innovations in sustainable plastic production and the substitution of traditional materials with high-performance polymers are gaining traction, enhancing the market's growth potential.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ: https://www.maximizemarketresearch.com/inquiry-before-buying/120148/

๐ˆ๐ง๐๐ข๐š ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

The Indian plastics market offers immense opportunities due to its expanding demand for affordable packaging, increasing investment in green industrial technologies, and the potential for local manufacturers to capitalize on the global shift towards sustainable plastics. Initiatives to address labor shortages and energy inefficiencies further open avenues for technological advancements and investments in the sector.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Š๐ž๐ฒ ๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐ž๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐š๐ง๐ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: Companies like ๐ˆ๐ง๐๐จ๐ซ๐š๐ฆ๐š ๐•๐ž๐ง๐ญ๐ฎ๐ซ๐ž๐ฌ and ๐“๐ก๐š๐ข ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ have been consolidating their presence in India, enabling them to offer a diverse range of plastic products to Indian consumers. Their acquisitions of local manufacturing units have enabled them to enhance production capabilities.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐’๐ž๐ฆ๐›๐œ๐จ๐ซ๐ฉ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ recently acquired a major stake in India's leading plastic recycling company, making significant strides in the sustainability sector. This merger is expected to strengthen India's plastic waste management infrastructure.

๐‰๐š๐ฉ๐š๐ง: The merger between ๐Œ๐ข๐ญ๐ฌ๐ฎ๐›๐ข๐ฌ๐ก๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ and India's top polymer supplier has boosted their capacity to meet growing domestic and export demand. Their combined efforts focus on creating high-performance plastic products for sectors such as automotive and electronics.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐‹๐† ๐‚๐ก๐ž๐ฆ has acquired multiple small-scale plastic manufacturers in India, expanding their market share in the Indian subcontinent. This acquisition allows them to access regional markets more efficiently, particularly in the consumer goods segment.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐”๐ง๐ข๐จ๐ง: Leading European companies like ๐๐€๐’๐… and ๐„๐ฏ๐จ๐ง๐ข๐ค have been strategically increasing their footprint in India through joint ventures with local firms, optimizing production and distribution channels.

๐”๐’๐€: ๐ƒ๐จ๐ฐ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ and ๐„๐ฑ๐ฑ๐จ๐ง๐Œ๐จ๐›๐ข๐ฅ have ramped up their investments in India, entering into joint ventures with domestic players to increase production capacity and reduce costs. Their moves signal a stronger focus on India's growing plastic consumption in packaging and infrastructure sectors.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.maximizemarketresearch.com/request-sample/120148/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž 3๐ƒ ๐ƒ๐ข๐ฌ๐ฉ๐ฅ๐š๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Polyethylene (PE)
Polypropylene (PP)
Polyvinyl chloride (PVC)
Polyethylene terephthalate (PET)
Others.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Injection Molding
Casting
Thermoforming
Extrusion
Others

๐›๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž

Packaging
Construction
Electrical & Electronics
Automotive
Medical Devices
Agriculture
Consumer Goods
Others

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/india-plastics-market/120148/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐ˆ๐ง๐๐ข๐š ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Reliance Industries
2. Tipco Industries Ltd.
3. Rajiv Plastics Ltd
4. Milacron India Pvt. Ltd.
5. Borouge (India) Pvt Ltd.
6. Haldia Petrochemicals
7. Milacron India Pvt. Ltd.
8. LG Polymers India
9. Ineos Styrolution
10. Bhramaputra Cracker & Polymer Ltd
11. DCM Shriram
12. Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ global Behind- the- Meter (BTM) Battery Market https://www.maximizemarketresearch.com/market-report/behind-the-meter-btm-battery-market/66924/

โ™ฆ Global Axial Piston Hydraulic Motors Market https://www.maximizemarketresearch.com/market-report/global-axial-piston-hydraulic-motors-market/54241/

โ™ฆ Controlled Environment Agriculture Market https://www.maximizemarketresearch.com/market-report/controlled-environment-agriculture-market/147449/

โ™ฆ Oil Storage Terminal Market https://www.maximizemarketresearch.com/market-report/oil-storage-terminal-market/148762/

โ™ฆ Fixed Switch Cabinet Market https://www.maximizemarketresearch.com/market-report/fixed-switch-cabinet-market/189285/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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