Product Code: ETC295524 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India injection molded plastics market import shipment experienced a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024. However, there was a notable uptick in growth between 2023 and 2024. Overall, the market showed signs of stabilization with a potential momentum shift towards positive growth in recent years.
The India injection molded plastics market is experiencing robust growth, driven by the increasing demand for lightweight and cost-effective plastic components in various industries, including automotive, electronics, and packaging. Key players in this market offer a wide range of injection molded plastics, including polypropylene, polyethylene, and polystyrene, to cater to the diverse needs of manufacturers. As India embraces plastic as a versatile material for various applications, the demand for injection molded plastics is on the rise. Additionally, the focus on sustainable materials and recycling is driving the development of eco-friendly and recyclable injection molded plastics in the India market.
The India injection molded plastics market is witnessing robust growth due to the increasing adoption of plastic components in various industries. The automotive, packaging, and consumer goods sectors are major contributors to the demand for injection molded plastics. Additionally, advancements in plastic manufacturing technologies and the need for lightweight and cost-effective products are driving market expansion. The growing focus on sustainable and eco-friendly materials also acts as a driver for this market.
The injection-molded plastics market faces challenges related to recycling and waste management of plastic materials. Manufacturers must prioritize sustainable practices and explore bio-based or biodegradable plastics to reduce environmental impact.
The pandemic impacted demand for plastics in some industries, such as automotive. Nevertheless, with the resumption of economic activities, the market for injection molded plastics is likely to recover.
The India injection molded plastics market is characterized by the presence of both multinational and domestic players. Some of the key players in this market include Reliance Industries Limited, Supreme Industries Limited, and Essel Propack Limited. These companies are among the largest producers of injection molded plastics in India and offer a wide range of plastic products for various industries, including packaging, automotive, and consumer goods. Additionally, global players like Berry Global Inc. and LyondellBasell Industries Holdings B.V. also have a significant presence in the India market, supplying high-quality injection molded plastics for diverse applications. Key players in this market are focused on sustainable and eco-friendly solutions, incorporating recycled materials and reducing the environmental impact of plastic production.
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 Injection Molded Plastics Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Injection Molded Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 India Injection Molded Plastics Market - Industry Life Cycle |
3.4 India Injection Molded Plastics Market - Porter's Five Forces |
3.5 India Injection Molded Plastics Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Injection Molded Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Injection Molded Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from industries such as automotive, packaging, and consumer goods |
4.2.2 Technological advancements leading to improved quality and efficiency in injection molding processes |
4.2.3 Government initiatives promoting the use of plastic in various applications |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations regarding plastic waste and pollution |
4.3.2 Fluctuating prices of raw materials such as polymer resins |
4.3.3 Competition from alternative materials like biodegradable plastics |
5 India Injection Molded Plastics Market Trends |
6 India Injection Molded Plastics Market, By Types |
6.1 India Injection Molded Plastics Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Injection Molded Plastics Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 India Injection Molded Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.4 India Injection Molded Plastics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.5 India Injection Molded Plastics Market Revenues & Volume, By High-Density Polyethylene (HDPE), 2021-2031F |
6.1.6 India Injection Molded Plastics Market Revenues & Volume, By Polystyrene (PS), 2021-2031F |
6.1.7 India Injection Molded Plastics Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Injection Molded Plastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Injection Molded Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 India Injection Molded Plastics Market Revenues & Volume, By Consumables & Electronics, 2021-2031F |
6.2.4 India Injection Molded Plastics Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.5 India Injection Molded Plastics Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.6 India Injection Molded Plastics Market Revenues & Volume, By Medical, 2021-2031F |
6.2.7 India Injection Molded Plastics Market Revenues & Volume, By Others, 2021-2031F |
7 India Injection Molded Plastics Market Import-Export Trade Statistics |
7.1 India Injection Molded Plastics Market Export to Major Countries |
7.2 India Injection Molded Plastics Market Imports from Major Countries |
8 India Injection Molded Plastics Market Key Performance Indicators |
8.1 Percentage increase in the adoption of recycled plastics in injection molding processes |
8.2 Number of new product developments or innovations in the injection molded plastics industry |
8.3 Growth in the number of partnerships or collaborations between manufacturers and technology providers in the sector |
9 India Injection Molded Plastics Market - Opportunity Assessment |
9.1 India Injection Molded Plastics Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Injection Molded Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Injection Molded Plastics Market - Competitive Landscape |
10.1 India Injection Molded Plastics Market Revenue Share, By Companies, 2024 |
10.2 India Injection Molded Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |