The India plastic molding market size reached USD 17.94 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 33.46 Billion by 2033, exhibiting a growth rate (CAGR) of 7.17% during 2025-2033. The rising demand in the automotive, packaging, and consumer goods sectors is one of the factors propelling the growth of the market. Growth in construction, technological advancements in molding processes, and increasing adoption of sustainable materials further fuel market expansion.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 17.94 Billion |
Market Forecast in 2033 | USD 33.46 Billion |
Market Growth Rate 2025-2033 | 7.17% |
Expansion in Packaging Sector
India’s plastic molding market is witnessing substantial growth, supported by advancements in technology and increasing demand across various industries. Sectors like packaging, automotive, consumer goods, and construction are driving the need for molded plastic products. Additionally, the rise of e-commerce and FMCG has accelerated the demand for innovative packaging solutions. Companies are expanding production capacities and adopting eco-friendly materials, contributing to sustainable growth. With the government promoting domestic manufacturing, the sector is gaining momentum. Investments in automation and infrastructure are further enhancing efficiency and product quality. This upward trajectory is establishing the plastic molding industry as a significant contributor to India’s economic growth and industrial development. The Packaging Industry Association of India reports that the packaging sector currently holds the fifth-largest position in the Indian economy, highlighting its significant contribution to industrial growth and innovation. Growing at a rate of 22-25% annually, the sector has emerged as a leading destination for packaging solutions, driven by technological and infrastructural advancements.
Rising Demand for Injection-Molded Packaging Solutions
Manufacturers are increasingly expanding production capabilities to meet the surging demand for injection-molded packaging across key sectors like paints, food, and pharmaceuticals. Investments in additional capacity enable companies to cater to evolving consumer preferences and industry needs, particularly in regions with rapidly growing consumption. This expansion also reflects the growing reliance on durable, lightweight, and customizable plastic packaging. By scaling up operations, companies position themselves to capitalize on the increasing adoption of advanced packaging solutions, driven by factors like convenience, product protection, and sustainability initiatives. This development indicates a broader shift toward efficient and scalable manufacturing processes in the packaging sector. For instance, in January 2024, Mold-Tek Packaging Ltd announced its plan to invest INR 120 Crore to expand its production capacity by 5,500 Metric Tons annually. The expansion would support the growing demand for injection-molded products in the paints, food, FMCG, and pharma sectors, further strengthening its presence in the Indian plastic molding market.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, resin, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes injection molding, blow molding, extrusion molding, thermoforming, rotational molding, and others.
Resin Insights:
The report has provided a detailed breakup and analysis of the market based on the resin. This includes polyethylene, polypropylene, polystyrene, acrylonitrile butadiene styrene, polyvinyl chloride, polyurethane, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes automotive, packaging, building and construction, electrical and electronics, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Injection Molding, Blow Molding, Extrusion Molding, Thermoforming, Rotational Molding, Others |
Resins Covered | Polyethylene, Polypropylene, Polystyrene, Acrylonitrile Butadiene Styrene, Polyvinyl Chloride, Polyurethane, Others |
Applications Covered | Automotive, Packaging, Building and Construction, Electrical and Electronics, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |