India Rigid Plastic Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Indian rigid plastic packaging market is anticipated to register a CAGR of 9.36% over the next five years. The market is anticipated to witness significant growth rates primarily due to the increasing demand for rigid plastic goods across various end-user industries, including food and beverage and personal care products. In addition, essential home products, including trays, shallow plates, and rigid plastic containers, among others, also contribute to the growth of the industry in India.
Key HighlightsThe Indian rigid plastic packaging market is highly competitive. Numerous manufacturing enterprises are operating in the country, which has led to a highly fragmented industry. The market players are trying to maintain dominance by investing in R&D, incorporating new technology into their products, and delivering improved consumer products. Strategic alliances, agreements, mergers, and partnerships are a few strategies employed.
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