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Plastics Industry in India to Reach USD 68.41 Billion by 2032, Driven by Packaging and Pharmaceutical Demand – Reports Mordor Intelligence

GlobeNewswire Inc.·
Plastics Industry in India to Reach USD 68.41 Billion by 2032, Driven by Packaging and Pharmaceutical Demand – Reports Mordor Intelligence

India's plastics industry is projected to grow from USD 49.98 billion in 2027 to USD 68.41 billion by 2032 at a CAGR of 6.48%, driven by packaging demand, electric vehicle lightweighting, pharmaceutical requirements, and construction activity. Key growth drivers include polymer capacity expansions, quick-commerce growth, and electric two-wheeler adoption, though raw material cost fluctuations and regulatory compliance remain challenges.

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