Bengaluru-based rigid packaging solution provider, Manjushree Technopack, is extremely bullish about the high-density polyethylene (HDPE) and polypropylene (PP) segments in the overall plastic container packaging segment.
“These (HDPE and PP) have been the fastest growing segments within containers and the growth has been at 18% CAGR for us in the last three years. We supply the products to all the customers in home care, personal care, pharma and lube oil segments, among others,” says Sanjay Kapote, chief executive officer of Manjushree Technopack.
HDPE is usually used in extrusion blow molding technology products while PP is used for extrusion blow molding, injection molding (caps and closures) and now for some applications in injection stretch blow molding as well. HDPE is a popular and versatile plastic because of its unique properties right from heavy-duty, damp-proof bottles like milk cartons to flexible plastic films. Even though PET is the most commonly used packaging application, HDPE has its own applications in a wide range of market segments in the plastic industry.
Today, a huge chunk of Manjushree Technopack’s container business is contributed by HDPE and PP packaging. The company has a nameplate capacity of 30,000 metric tons per year, which is 20% of its total capacity. Some of the brands that it offers its HDPE and PP packaging solutions to include ITC, Unilever, Patanjali, P&G, Nestle, GSK, Himalaya and Dabur.
Manjushree has installed a range of technologies to produce its HDPE and PP bottles and containers. “A lot of our recent investments in machines/molds are towards PP and HDPE applications,” says Kapote.
Highlighting some of the advantages, Kapote says HDPE and PP containers have very high moisture barrier, hence are used for applications like food supplement powders. They have high chemical resistance and hence they are excellent materials for packaging surface and toilet cleaners. PP is extensively used for caps and closure applications because one can create a hinge-like structure (usually seen in flip caps) through the molding process. Apart from the physical properties, HDPE and PP are also highly recyclable, Kapote says.
Healthy pipeline of projects
With robust growth visible in the HDPE and PP segments, Manjushree has lined up a healthy pipeline of projects in HDPE/PP applications for its existing as well as potential customers. New applications are in the dairy segment for PP bottles (which are retorted), HDPE bottles for health and food supplements. The company is working on growing the pharma and agrochemical portfolio as well, which mostly have applications of HDPE.
“We are also investing towards an HDPE/PP recycling line, which should be operational by March 2020,” Kapote says.