| Product Code: ETC4508305 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, India`s packaging resins import market saw significant growth with a CAGR of 18.8% from 2020 to 2024. Top exporters to India included Saudi Arabia, UAE, Singapore, China, and South Korea, reflecting the diverse sourcing strategy. Despite this, the market remained competitive with a low concentration level indicated by the Herfindahl-Hirschman Index (HHI). However, there was a slight decline in growth rate from 2023 to 2024 at -14.85%, indicating a potential shift in market dynamics.

The packaging resins market in India is thriving as a result of the booming packaging industry and the changing consumer preferences for sustainable and convenient packaging solutions. These resins, including polyethylene, polypropylene, and PET, are essential for the production of various packaging materials, from bottles and containers to flexible films. The adoption of innovative packaging designs and the increasing demand for eco-friendly packaging materials are driving the growth of the packaging resins market in India.
The packaging resins market in India is driven by the evolving consumer preferences, changing retail landscapes, and increasing awareness of sustainable packaging. The demand for flexible and rigid packaging materials is on the rise as e-commerce and convenience shopping gain prominence. Moreover, the shift towards sustainable packaging options, including recyclable and biodegradable resins, is a key driver. Manufacturers are adapting to the changing market dynamics by developing innovative packaging resins to meet both consumer demands and regulatory requirements. This dynamic market is expected to continue evolving with a focus on reducing environmental impact and improving packaging efficiency.
The packaging resins market in India faces a range of challenges. Environmental concerns and the push for sustainable packaging materials have put pressure on the industry to develop eco-friendly solutions. This transition requires significant investment in research and development to create materials that are both environmentally responsible and cost-effective. Another challenge is the need to balance the demand for packaging that is durable and protective while also being lightweight and reducing material usage. Market competition is intense, and maintaining a competitive edge requires constant innovation and adapting to changing consumer preferences. The regulatory landscape is also evolving, with new standards and regulations impacting the materials used in packaging, making compliance a priority.
The packaging resins market in India was directly impacted by COVID-19, as the packaging industry plays a crucial role in ensuring the supply of essential goods during the pandemic. Increased demand for packaged food and pharmaceuticals led to a surge in demand for packaging resins. However, the closure of non-essential businesses and disruptions in the supply chain also affected the market`s dynamics.
Key players in India packaging resins market include Dow, ExxonMobil, LyondellBasell, and SABIC, supplying a wide range of resins for packaging applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Packaging Resins Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Packaging Resins Market Revenues & Volume, 2021 & 2031F |
3.3 India Packaging Resins Market - Industry Life Cycle |
3.4 India Packaging Resins Market - Porter's Five Forces |
3.5 India Packaging Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Packaging Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Packaging Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaged goods due to lifestyle changes and urbanization in India |
4.2.2 Growth in the e-commerce sector leading to higher demand for packaging materials |
4.2.3 Technological advancements improving the quality and performance of packaging resins |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production |
4.3.2 Stringent government regulations related to plastic waste management and environmental concerns |
5 India Packaging Resins Market Trends |
6 India Packaging Resins Market, By Types |
6.1 India Packaging Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Packaging Resins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Packaging Resins Market Revenues & Volume, By LDPE, 2021-2031F |
6.1.4 India Packaging Resins Market Revenues & Volume, By PP, 2021-2031F |
6.1.5 India Packaging Resins Market Revenues & Volume, By HDPE, 2021-2031F |
6.1.6 India Packaging Resins Market Revenues & Volume, By PET, 2021-2031F |
6.1.7 India Packaging Resins Market Revenues & Volume, By PS, 2021-2031F |
6.1.8 India Packaging Resins Market Revenues & Volume, By PVC, 2021-2031F |
6.2 India Packaging Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Packaging Resins Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 India Packaging Resins Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.4 India Packaging Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 India Packaging Resins Market Revenues & Volume, By Industrial, 2021-2031F |
7 India Packaging Resins Market Import-Export Trade Statistics |
7.1 India Packaging Resins Market Export to Major Countries |
7.2 India Packaging Resins Market Imports from Major Countries |
8 India Packaging Resins Market Key Performance Indicators |
8.1 Recycling rate of packaging resins in India |
8.2 Adoption rate of sustainable packaging solutions in the market |
8.3 Research and development investment in eco-friendly packaging alternatives |
9 India Packaging Resins Market - Opportunity Assessment |
9.1 India Packaging Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Packaging Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Packaging Resins Market - Competitive Landscape |
10.1 India Packaging Resins Market Revenue Share, By Companies, 2024 |
10.2 India Packaging Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |