Market Forecast By Product Types (Sacks, Drums, FIBC, Other), By Applications (Pharmaceutical Factory , Laboratory, Chemical Plant , Others) And Competitive Landscape
Product Code: ETC006884 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | India Chemical Packaging Market |
Forecast period | 2025-2031 |
CAGR | 5.7% |
Growing Sector | Pharmaceutical |
The India Chemical Packaging Market Report thoroughly covers the market by product types and applications. The India Chemical Packaging Market Outlook report provides an unbiased and detailed analysis of the ongoing India Chemical Packaging Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The India chemical packaging market is expected to grow at a faster growth rate in the future. This growth can be attributed to the increasing demand for chemicals in various industries such as automotive, pharmaceuticals, food and beverages, and agriculture.
According to 6Wresearch, India Chemical Packaging Market size is projected to rise at a CAGR of 5.7% during 2025-2031. One of the major drivers for the growth of the chemical packaging market in India is the increasing demand for chemicals in various industries. The country's rapid industrialization and developing economy have led to a surge in demand for chemicals used in sectors such as pharmaceuticals, agriculture, food and beverage, and construction. With this increasing demand comes a need for efficient packaging solutions that can protect these chemicals during transportation and storage. This has resulted in a significant boost to the India Chemical Packaging Market Growth.
However, the market also faces some challenges that may hinder its growth. One of the major challenges is the fluctuation in raw material prices. Plastic, which is one of the most commonly used materials for chemical packaging, is derived from crude oil and is subject to fluctuations in its pricing. This can have a significant impact on the overall cost of chemical packaging, making it difficult for manufacturers to maintain a stable pricing strategy.
The key players in this market include multinational companies like DuPont, Dow Chemicals, BASF, and local players such as Essel Propack Ltd, Flexible Packaging India Pvt. Ltd., and Uflex Ltd. These companies are constantly investing in research and development to improve the quality of their packaging materials and cater to the diverse needs of their customers.
The Indian government has taken several steps to promote the use of environmentally friendly packaging materials. The 'Swachh Bharat Abhiyan' (Clean India Mission) launched by Prime Minister Narendra Modi aims at making India plastic-free by 2022. The government has also implemented regulations and policies to encourage the use of biodegradable and recyclable materials in packaging. Such initiatives are expected to drive the growth of the chemical packaging market in India. In addition, with increasing consumer awareness about sustainable packaging, companies are also focusing on developing eco-friendly and biodegradable packaging solutions.
The chemical packaging market in India is expected to continue its growth trajectory due to various factors such as fluctuating oil prices, increasing demand for sustainable packaging, and advancements in technology. As the market continues to evolve, players will need to stay updated on industry trends and adapt to changing consumer preferences in order to stay competitive. This presents an exciting opportunity for growth and innovation in the chemical packaging sector in India.
According to Abhishek, Senior Research Analyst, 6Wresearch, the sacks segment is expected to continue its dominance in the India chemical packaging market, growing at a significant growth rate. This can be attributed to the wide application of sacks in various industries, including pharmaceuticals, chemicals, agriculture and food & beverages.
Among the different applications of chemical packaging, the pharmaceutical factory segment is anticipated to experience the highest growth rate.
The report provides a detailed analysis of the following market segments:
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 Chemical Packaging Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Chemical Packaging Market Revenues & Volume, 2021 & 2031F |
3.3 India Chemical Packaging Market - Industry Life Cycle |
3.4 India Chemical Packaging Market - Porter's Five Forces |
3.5 India Chemical Packaging Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 India Chemical Packaging Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Chemical Packaging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Chemical Packaging Market Trends |
6 India Chemical Packaging Market, By Types |
6.1 India Chemical Packaging Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 India Chemical Packaging Market Revenues & Volume, By Product Types, 2020-2030F |
6.1.3 India Chemical Packaging Market Revenues & Volume, By Sacks, 2020-2030F |
6.1.4 India Chemical Packaging Market Revenues & Volume, By Drums, 2020-2030F |
6.1.5 India Chemical Packaging Market Revenues & Volume, By FIBC, 2020-2030F |
6.1.6 India Chemical Packaging Market Revenues & Volume, By Other, 2020-2030F |
6.2 India Chemical Packaging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Chemical Packaging Market Revenues & Volume, By Pharmaceutical Factory , 2020-2030F |
6.2.3 India Chemical Packaging Market Revenues & Volume, By Laboratory, 2020-2030F |
6.2.4 India Chemical Packaging Market Revenues & Volume, By Chemical Plant , 2020-2030F |
6.2.5 India Chemical Packaging Market Revenues & Volume, By Others, 2020-2030F |
7 India Chemical Packaging Market Import-Export Trade Statistics |
7.1 India Chemical Packaging Market Export to Major Countries |
7.2 India Chemical Packaging Market Imports from Major Countries |
8 India Chemical Packaging Market Key Performance Indicators |
9 India Chemical Packaging Market - Opportunity Assessment |
9.1 India Chemical Packaging Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 India Chemical Packaging Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Chemical Packaging Market - Competitive Landscape |
10.1 India Chemical Packaging Market Revenue Share, By Companies, 2024 |
10.2 India Chemical Packaging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |