India Plastics Market was worth US$ 36.07 Bn in 2020 and total revenue is expected to grow at a rate of 6.6% CAGR from 2021 to 2027, reaching almost US $ 56.42 Bn in 2027.
India Plastics Market Overview
The market overview focuses on analyzing the dynamics of the India Plastics industry, including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market’s current state and future trends, providing valuable insights for industry stakeholders.
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India Plastics Market Report Scope and Research Methodology
The report on India Plastics Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for India Plastics market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the India Plastics industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
The India Plastics Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in India Plastics market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the India Plastics market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the India Plastics market size.
India Plastics Market Regional Insights
The report provides a comprehensive examination of the factors driving growth, constraints, future prospects, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one..
India Plastics Market Segmentation
A similar pace of growth is expected to continue during the projection period. India’s plastics industry is progressing at one of the fastest rates in the world, with plastics consumption increasing at a pace of 16 percent per year. Considering a growing middle class with low per capita plastic consumption. This rapid rate of progress is projected to continue as per capita usage of plastics rises. Although India’s plastics industry has been impacted by the country’s general economic crisis over the previous two years, with the sinking rupee, the underlying economic movement remains robust as the usage of plastic expands in more and more segments, opening new markets and substituting older materials.
Rapid globalisation, rapid technological change, and expanding consumption have resulted in inventive changes and plentiful opportunities for petrochemical enterprises in the Indian plastics industry to grow both domestically and abroad. Meanwhile, due to the rapidly rising market size, large investments are expected in the Indian plastics sector throughout the projection period. The plastic sector in India is one of the fastest growing segments, and it is expected to grow further due to rising demand for low-cost packaging.
The producers of plastic goods have demanded an immediate ban on the export of the raw material, polymer, from the country in order to alleviate supply and control price increases by imposing zero tax on polymer imports. With China, there are over 50,000 PPU, 90 percent of which are MSME. The sector openly employs over fifty lakh people and contributes more than ‘three lakh crore to the nation’s GDP.
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India Plastics Market Key Players
1. Zodiac Aerospace Group
2. RECARO India Plastics GmbH & Co. KG
3. B/E Aerospace, Inc.
4. JAMCO Corporation
5. Aviointeriors S.p.A
6. Acro India Plastics
7. Geven S.p.A
8. Mirus India Plastics Ltd
9. Thompson Aero Seating Ltd
10. ZANKER PROMOTION GMBH
11. HAECO Americas LLC
12. Timco Aviation Services Inc.
13. STELIA Aerospace S.A.S.
14. TENRYU AERO COMPONENT CO., LTD.
15. Martin-Baker Aircraft Co. Ltd
16. PITCH India Plastics SYSTEMS LTD
17. Safran
18. Collins Aerospace
19. ZIM Flugsitz GmbH
20. Jacobucci HF Aerospace S.P.A.
21. Hong Kong Aircraft Engineering
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