The India High Density Polyethylene (HDPE) market has reached approximately 3450 thousand tonnes in FY2023 and is anticipated to grow at a healthy CAGR of 6.79% by FY2030.
HDPE demand is anticipated to increase due to a surge in demand for high-density polyethylene pipes in agriculture for supplying water, and other agricultural activities like drainage and irrigation, owing to their remarkable corrosion resistance. Launch of Pradhan Mantri Krishi Sinchai Yojana (PMKSY) by the Government of India aimed at the development of irrigation sources in agricultural fields to escalate the demand for HDPE-derived pipes in the forecast period. Moreover, domestic refiners actively planning to expand their petrochemicals and chemicals footprint will drive the growth of the HDPE market in the years to come. Moreover, increasing demand for HDPE-derived buckets, containers, wires & cable insulation is also expected will drive the India HDPE market during the forecast period. The use of HDPE in blow molding for plastic production is also gaining popularity and preference in automotive, packaging, sports, and other industries. The High Density Polyethylene (HDPE) market volume is estimated to reach approximately 5500 thousand tonnes by FY2030.
Based on region, the India HDPE Market is segregated into North, South, East, and West. As of FY2022, West India has been dominating the market and consumed approximately 38% of the HDPE. North India stands next to West India in terms of consumption. States like Gujarat, Rajasthan, and Maharashtra have been the leading consumers of High Density Polyethylene due to the presence of leading polymer and plastic manufacturers located in these states coupled with the presence of ports in these locations. The western region is expected to dominate the market through FY2030, owing to the growing demand for HDPE for numerous applications in the country.
Based on type, the High Density Polyethylene (HDPE) market is segregated into Blow Molding, Raffia, HM/HDPE Film, Pipe, Injection Moulding, Monofilament, and others. Among these, Blow Molding is the most prominently used type, accounting for around 24% of the market share as of FY2023. This is strongly attributed to the increasing popularity of blow-molded HDPE bottles in dairy, medical applications, water, and other packaging sectors. Blow-molded HDPE offers desirable properties such as tensile strength and temperature resistance for these applications. Other major applications of blow molding HDPE include chemical tanks, pharmaceutical bottles and lubricant packaging, etc.
Based on end-use, the India High Density Polyethylene (HDPE) market is bifurcated into Containers & Bottles, Woven Sack & General Purpose Nets, Packaging Films, Pressure Pipes, Consumer Goods, and Others. Containers & Bottles is the leading consumer of HDPE in India and held roughly 24% of the HDPE market in FY2022. HDPE has a linear structure with a high density ratio. Owing to the fact that it won't leach into the contents of the bottles, HDPE is excellent for blow-molding applications, especially for food and beverage containers. HDPE is also recyclable, which makes it a fantastic material for these basically disposable goods. HDPE is also suitable for the plumbing and outdoor applications such as high-performance pipes because of its strength and UV resistance. HDPE pipes are anticipated due to the country's agriculture sector's stronger expansion and the Indian government's persistent efforts to improve water transportation infrastructure in the agricultural sector by incentivizing farmers to use water-saving technologies.
Major players in the India High Density Polyethylene (HDPE) market are Reliance Industries Ltd., GAIL (India) Limited, Haldia Petrochemicals Limited, Indian Oil Corporation Limited, ONGC Petro additions Limited, Brahmaputra Cracker and Polymers Limited, and HPCL-Mittal Energy Limited (HMEL).
Years considered for this report:
Historical Period: FY2015-FY2023
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2030
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Objective of the Study:
• To assess the demand-supply scenario of High Density Polyethylene (HDPE) which covers production, demand and supply of High Density Polyethylene (HDPE) market in India.
• To analyse and forecast the market size of High Density Polyethylene (HDPE) in India.
• To classify and forecast India High Density Polyethylene (HDPE) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of High Density Polyethylene (HDPE) market in India.
To extract data for India High Density Polyethylene (HDPE) market, primary research surveys were conducted with High Density Polyethylene (HDPE) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India High Density Polyethylene (HDPE) market over the coming years.
ChemAnalyst calculated High Density Polyethylene (HDPE) demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of High Density Polyethylene (HDPE) to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• High Density Polyethylene (HDPE) manufacturers and other stakeholders
• Organizations, forums and alliances related to High Density Polyethylene (HDPE) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as High Density Polyethylene (HDPE) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India High Density Polyethylene (HDPE) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2023
3450 thousand tonnes
Market size Volume by FY2030
5500 thousand tonnes
Growth Rate
CAGR of 6.79% from FY2024 to FY2030
Base year for estimation
FY2024
Historic Data
FY2015 – FY2023
Forecast period
FY2025 – FY2030
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2030
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: (Containers & Bottles, Woven Sack & General Purpose Nets, Packaging Films, Pressure Pipes, Consumer Goods, and Others)
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of High Density Polyethylene (HDPE) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for High Density Polyethylene (HDPE).
3. Capacity By Location
To better understand the regional supply of High Density Polyethylene (HDPE) by analyzing its manufacturers' location-based capacity.
4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
5. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
6. Production By Company [Quarterly Update]
Study the historical annual production of High Density Polyethylene (HDPE) by the leading players and forecast how it will grow in the coming years.
7. Demand by Type
Learn about the various types of High Density Polyethylene (HDPE)-Blow Molding, Raffia, HM/HDPE Film, Pipe, Injection Moulding, Monofilament, and others, and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
8. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Containers & Bottles, Woven Sack & General Purpose Nets, Packaging Films, Pressure Pipes, Consumer Goods, and Others) are creating a market and the forecast for the growth of the High Density Polyethylene (HDPE) market.
9. Demand by Region
Analyzing the change in demand of High Density Polyethylene (HDPE) in different regions across India, i.e., Northern India, Southern India, Eastern India, Western India, that can direct you in mapping the regional demand.
10. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell High Density Polyethylene (HDPE). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
11. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of High Density Polyethylene (HDPE).
12. Company Share
Figure out what proportion of the market share of High Density Polyethylene (HDPE) is currently held by leading players across India.
13. Country-wise Export
Get details about quantity of High Density Polyethylene (HDPE) exported by major countries.
14. Country-wise Import
Get details about quantity of High Density Polyethylene (HDPE) imported by major countries.
15. Manufacturing Process
Discover insights into the intricate manufacturing process of High Density Polyethylene (HDPE).
16. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the High Density Polyethylene (HDPE) market.
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What was the India market size of High Density Polyethylene (HDPE) in terms of volume in FY2023?
Ans:
The India market size of High Density Polyethylene (HDPE) in terms of volume stands at approximately 3450 thousand tonnes in FY2023.
Q2.
Which region is dominating the India High Density Polyethylene (HDPE) market?
Ans:
As of FY2023, West India is dominating the High Density Polyethylene (HDPE) market in India with a market share of roughly 38%.
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