Maier and Vidorno

Overview of Packaging Industry in India

Home/Industry Expertise/Overview of Packaging Industry in India

PACKAGING SECTOR OVERVIEW-2020

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

Summary

As the Packaging Industry in India grows, this sector is becoming very interesting for investors and producers. Subsequently, the largest part of the industry still is rigid packaging with laminate. However, flexible packaging is on the growth path. Consequently, the sector is inter-related with other industries, such as food processing or pharmaceuticals. Therefore, their growth impacts the packaging industry as well. Either way, it has also helped pro-longing the shelf life of many products. In fact, this validates the increasing demand for packaged consumer goods. Moreover, in India, one can find a large base of raw materials to manufacture packaging products. Besides, there is an increasing trend of using eco-friendly or recyclable materials in packaging. Conversely, the comparatively low manufacturing costs opens opportunities to foreign companies and technology. Moreover, in 2019, the size of the global packaging industry was at USD 278.59 billion. Furthermore, out of this, the Packaging Industry in India stood at USD 75.95 billion in 2019. Also, with many innovations happening, it will reach USD 103.32 billion by 2025. Therefore, this makes it a good opportunity for companies wanting to enter or expand the market.
Covid Impact
Valued at USD 31.7 billion in 2015, the Indian packaging industry was pegged to touch USD 72.6 billion by 2020, as per the Associated Chambers of Commerce and Industry of India. The spread of Coronavirus side-tracked the forecasts considerably. However, the impact of the pandemic has varied, largely dependant on the end-user industry. Even with the ongoing- pandemic, the industry has continued to steadily rise—though not at the same scale as pre- Covid times—with the emergence of online retail and e-commerce brand. China, which is the leader in the packaging sector, lost its clients, and its economy is likely to decrease up to 50% during and after the pandemic. This is because all the companies who were relying on China for packing are now shifting their businesses to other second-world countries such as India. Following the pandemic, packaging companies will need to rebalance sustainability goals that incorporate heightened hygiene, normalize e-commerce, and take product cost into consideration. Demand will rise sharply for packaging for groceries, healthcare products, and e-commerce transportation. At the same time, demand for industrial, luxury, and some B2B-transport packaging could decline. The impact of the pandemic will have a positive effect on performance because these new trends will highlight customers’ needs across the industry.
How we can help you

Contact Us For More Case Studies




    Case studies of Specific IndustrySpecific query about industry or M+V services

    I have read the privacy policy and my data can be used for registration and communication.

    Yes, I agree

    Clients Speak

    LI Ping HR Director /BHS Corrugated Machinery(Shanghai) Co.Ltd

    Strong support in recruitment
    M+V is very professional in India HR market. They were able to provide us with strong support in our recruitment. We are satisfied with their service.

    Falk Tzchichholz Sales Manager Export /Kjellberg Vertrieb GmbH

    Incubation solution
    With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary

    Andreas Dauerbock Quality Assurance /Voestalpine Grobblech GmbH

    BIS registration project
    The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India - with the expert's advice you will need.

    Rajesh Nath Managing Director /VDMA India Services Pvt Ltd German Engineering Association

    Competent Partner
    India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows - Maier+Vidorno is a competent partner to efficiently set up and run business.

    Bjoern Becker Export Sales /Jumo GmbH & Co KG

    Market Presence and Profitability
    The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India - and provides hands-on solutions.

    Rene Pluss CFO, Member of the Board /Regent Beleuchtungskorper AG

    Business Diagnostic and Implement Improvement
    Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.