The Packaging Industry in India was valued at USD 75.95 billion in 2019 and is expected to reach USD 103.32 billion by 2025, at a CAGR of 5% over the forecast period 2020 - 2025. The Indian packaging industry has made a mark with its exports and imports, thus driving technology and innovation growth in the country and adding value to the various manufacturing sectors.
- With fast-moving consumer goods being one of the primary growing segments across the retail sector, it is one of the biggest end users of the packaging industry in India. The boom in e-commerce and organized retail is expected to enhance the growth of plastic packaging and per-capita consumption in the near future. - The rising purchasing power, due to the growth in per-capita income of the Indian middle-class, is fueling the Indian packaging market in adopting better packaging methods, materials, and machinery, to ensure quality factors for Indian businesses. - The food processing sector is one of the biggest users of flexible packaging, accounting for more than 50% of the total demand. It uses plastics that help in improving the hygiene quotient and shelf life of products, especially across the food and beverage segment.
Key Market Trends Food Industry is Expected to Hold Significant Share in the Market
- In India, ready-to-eat meals are gaining high traction, owing to busy work schedules, rising number of working women, and shift toward on-the-go consumption, which is, in turn, expected to ascend the utilization of packaging across the food sector. This is likely to fuel the market’s growth over the forecast period. - With the aim of developing active materials for the use in the design of packages, coatings, and packaging technologies, which helps in maintaining and improving the sensorial and nutritional characteristics and safety of foodstuffs, as well as increase their shelf life, nanofabrication technologies are emerging as valuable solutions across the region. - The organized food processing sector is a major link between the agriculture and manufacturing industry across the country, contributing as much as 9-10% of the total GDP, thus significantly contributing to the national economy
Competitive Landscape The packaging industry in India is moderately competitive, owing to the several players competing to improve their market share. With the rising demand for packaging applications, along with technological advancement across the Indian economy, many companies are increasing their market presence by expanding their business footprint across various end-user markets.
- April 2019 - Tetra Pak announced the launch of its connected packaging platform, which may transform milk and juice cartons into interactive information channels, full-scale data carriers, and digital tools. Driven by the trends behind Industry 4.0, and with code generation, digital printing, and data management at its core, the connected packaging platform may offer new benefits to food producers, retailers, and shoppers.? - December 2018 - Cosmo Films launched sterilizable conduction sealing film for wad and lidding applications for PP and PE containers. This film can withstand high temperatures during the sterilization process, which is used to increase the shelf-life of the product. The newly developed sealing film is a clear, one side corona treated, and other side heat sealable film. The film offers exceptional seal integrity, as well as improved convenience to the consumers, as it is easy to open and peel cleanly without splitting.
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