INDUSTRY OUTLOOK

Market Size & Growth (in INR)

• Estimates suggest rapid growth in the Indian RPP market:
• ₹40,000 – ₹50,000 crore in FY2024
• Expected to grow to ₹80,000 – ₹1,20,000 crore by FY2030–32Implying a CAGR of 8–10% depending on source
• Growth is driven by rising consumption of packaged goods, regulatory shifts, and circular economy policies.

Key Growth Drivers

Boom in FMCG, Beverages & Pharma

• High demand for PET bottles, HDPE jars, and rigid containers.
• Dairy (milk, curd), edible oil, personal care, and OTC medicine packaging continue expanding.

E-commerce & Food Delivery Growth

• Need for tamper-proof, durable containers that can withstand transit.
• Urban and semi-urban adoption of online grocery & pharmacy boosts plastic demand.

Fuel Packaging & Government Mandates

• Ethanol blending initiatives by MoPNG create large-scale demand for HDPE jerry cans.
• BIS & FSSAI regulations support organized, compliant packaging producers.

Sustainability Push

• Introduction of mandatory 30% recycled plastic in certain packaging by 2025.
• Big brands (Coca-Cola, PepsiCo, Unilever) demanding 100% rPET bottles.

India’s Rigid Plastic Packaging industry is poised for double-digit growth in value terms over the next 5–7 years. Companies that embrace recycled content , expand capacity in high-growth zones, and offer regulatory-compliant innovation will dominate.

Latest shareholding pattern for Manjushree Technopack India Ltd.