India Plastic Pipes Market [2029]: Analysis & Forecast
India Plastic Pipes Market was valued at INR474.47 billion in 2023 and is expected to exhibit a 14.18% CAGR during the forecast period. The Indian government is making substantial investments in infrastructure development, leading to an increased demand for plastic pipes. These pipes are extensively used in various infrastructure projects, including water supply, sewerage, and gas distribution. India is actively focused on expanding its infrastructure to achieve its 2025 economic growth target of INR5 trillion. Moreover, under the Budget 2023-24, the capital investment outlay for infrastructure is being raised by 33% to INR10 lakh crore (USD122 billion), which would account for 3.3% of GDP and nearly three times the outlay in 2019-20. As the government continues to prioritize this target, the India Plastic Pipes Market is projected to experience a significant growth rate during the forecast period. Plastic pipes, which are hollow cylinders made of plastic, are primarily us...