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PACKAGING SECTOR OVERVIEW

Statistics, news & updates: everything you need to know about the Packaging Industry in India

Packaging Industry in India - Maier Vidorno Altios India

Summary/Snapshot​

Packaging Industry

  • The global pharmaceutical packaging market is set to reach $149 billion within ten years, and India is currently a major producer of plastic pharmaceutical packaging.

  • The Indian online retail packaging market is expected to grow threefold, with a strong demand for flexible packaging, bubble wraps, and corrugated boxes, driven by the growth in FMCG segments like packaged food, beverages, and personal care products. The fastest-growing segments are laminates and flexible packaging, specifically PET and woven sacks.

 

  • In recent years, the packaging industry has become a crucial sector driving technology and innovation growth in India and adding value to various manufacturing sectors, including agriculture and FMCG.

  • The Indian packaging industry has gained recognition through its exports, such as flattened cans, printed sheets and components, crown cork, lug caps, plastic film laminates, craft paper, paperboard, and packaging machinery. Meanwhile, its imports include tinplate, coating and lining compounds, and other materials.

Packaging Industry Graph - Maier Vidorno Altios

Growth Drivers

  • Lower transportation costs, and packaging materials can be reduced through the use of thinner, stronger, lighter, and simpler materials.
  • Smart packaging can also be implemented through the use of rapid printing technology that is aligned with real-time campaigns and offers.
  • Additionally, more RFID technology can be utilized for electronic tagging and tracking of stock, as the cost of RFID tags decreases. Biodegradable packaging can be created through the use of materials such as starch-based plastics and cardboard.
  • Aseptic packaging can also be employed, which uses ultra-high temperature (UHT) films to extend the shelf-life of juice and other beverage bottles and tetra packages.
  • Moreover, the market has been growing due to solid demand from the food and pharma industries.
  • Also, the fast-moving consumer goods (FMCG) sector represents the largest opportunity for flexible packaging. India has a good export market.

Sub industries

  • Paper and Paper board
  • Plastics
  • Metal
  • Glass

Opportunities

  • Paper & Packaging Industry in India is expected to grow at a CAGR of 26.7% between 2022-2027.
  • Factors such as rising population, increased income levels, changing lifestyles, and a growing economy are driving up packaging demand, especially in the pharmaceutical and food and beverage sectors.
  • The packaging market in India is one of the fastest-growing industries in the country, with significant investments in the food processing, personal care, and pharmaceutical sectors driving its expansion.
  • The emergence of the middle class, organised retail, export growth, and the e-commerce sector are all contributing to the packaging industry’s growth in India.
  • The Indian Institute of Packaging estimates that packaging consumption in India has increased by 200% over the last decade, from 4.3 kg pppa to 8.6 kg pppa.

Challenges

  • Paper & Packaging Industry in India is expected to grow at a CAGR of 26.7% between 2022-2027.
  • Factors such as rising population, increased income levels, changing lifestyles, and a growing economy are driving up packaging demand, especially in the pharmaceutical and food and beverage sectors.
  • The packaging market in India is one of the fastest-growing industries in the country, with significant investments in the food processing, personal care, and pharmaceutical sectors driving its expansion.
  • The emergence of the middle class, organised retail, export growth, and the e-commerce sector are all contributing to the packaging industry’s growth in India.
  • The Indian Institute of Packaging estimates that packaging consumption in India has increased by 200% over the last decade, from 4.3 kg pppa to 8.6 kg pppa.
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Key Investment Opportunities

  • The pharmaceutical packaging market is predicted to reach $149 billion within a decade.
  • The retail packaging market in India is expected to grow from INR 1.7 billion in 2019 to INR 4.79 billion by 2025.
  • The food and beverage packaging market in India is expected to increase from INR 29.95 tn in 2019 to INR 59.35 tn by 2025.
  • The personal care packaging market in India grew from INR 0.74 billion in 2016 to INR 1.34 billion in 2017 and is expected to continue growing by 2025.

Recent Developments

  • The India Paper and Paperboard Packaging Market was valued at USD 10.77 Bn in 2021 and is expected to reach USD 15.69 bn by 2027, registering a CAGR of 6.63% during the forecast period of 2022-2027.
  • Polymer utilization for this industry has been higher than the global average signifying a increasing share of plastic packaging in the country.
  • India has been growing as a net exporter of packaging material and accounts for ~2% of the global packaging exports.
  • 70% paper and board is contributed by non-wood sectors of the Industry.
  • Focus States of Paper: Andhra Pradesh, Karnataka, Maharashtra, and Gujarat

Key Players in India

National

  • Essel Propack
  • Uflex
  • Balmer Lawrie
  • Ess Dee
  • Max India Ltd
  • Ecoplast
  • Oricon Ent
  • Bajaj
  • AMD Industries
  • Jindal Poly Films Ltd.
  • Flexituff
  • Polyplex Corp.
  • Xpro India
  • Time Technoplast Ltd.

International

  • 3M
  • Tetra Pak
  • Huhtamaki
  • Perfect Pack S.r.l.
  • Ecobliss
  • Multivac
  • Bosch

Map Clusters

Packaging Industry In India

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