India Packaging Market

Introduction of the India Packaging Market Report

Packaging refers to the technology of enclosing or protecting products for the distribution, storage, sales and usage of the products. It also helps in improving the safety of the products, thus preventing them from damages during transportation and storage. The packaging allows the self-service of the products, which helps individuals to choose products on their own without any further assistance.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing rate of population, rising income level, followed by the changing lifestyle of individuals are some of the major factors that are contributing to the India packaging market. The packaging sector is one of the growing sector in the Indian economy. Moreover, the continuous growth in the pharmaceuticals and food & beverage sector is another factor that will have a positive impact on the growing demand of the market. As per the data released by the Associated Chambers of Commerce and Industry of India, the organized packaged food market is projected to reach INR 780 million in 2020, which amounted to INR 530 million in 2016. In addition to this, the increasing middle class population, followed by the expansion of the retail sector is further driving the growth of the packaging industry.

The e-commerce industry in India is transforming the way business is done in the country. The leading global players are making huge investments in the Indian e-commerce industry to capture the highest share in the market. For instance, Facebook invested with Reliance Jio to enter into the e-commerce market. Moreover, Google also reported its first investment worth USD 4.5 billion in Jio Platforms. All these factors are responsible for the expansion of the e-commerce sector in India. The rising preference of the Indian consumers towards online shopping rather than physically visiting the store, is further propelling the growth of the packaging market share in terms of revenue. The food packaging industry of India is having numerous innovations in terms of branding and packaging. Major players such as Patanjali, Mother Dairy, and Amul, are using the UV-protected films, color-changing films and holographic films to minimize the chances of adulteration. iD Fresh has launched the Smart Sip Tender Coconut and iD Grated Coconut in innovative eco-friendly packaging.

The emerging trend of ordering food from different platforms such as Zomato, Swiggy, and other applications, is further surging the need for packaging of food products. As per a study conducted by the Ministry of corporate affairs (India), the total profit earned by Zomato and Swiggy for the FY 2018 amounted to INR 4.42 billion and INR 4.66 billion respectively. This factor is opening new doors for the growth of the Indian packaging market. The outbreak of the COVID-19 pandemic has caused disruption in the supply chain and decreased the manufacturing at the site in various parts of the world. To avoid this disruption, Global Food Safety Initiative (GFSI) certification program was launched to offer six-months certification extensions by conducting a remote audit and risk assessment pertaining to COVID-19. This factor will further energize the growth of the Indian packaging industry.

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Material – Segment Analysis

Based on the material, the paper & paperboard segment is anticipated to grow at a higher CAGR during the forecast period. The drastic shift in the individual’s preference towards paper and plastic packagings such as folding, corrugated board, protective mailers, or cardboard is a major factor that is boosting the segment’s demand in the market.

Application – Segment Analysis

Based on the application, the food and beverage segment is expected to grow at a higher CAGR during the forecast period. The growing preference of the individual towards ready-to-eat food products and the increasing penetration of online food delivery services are the two major factors that are boosting the segment’s demand.

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Key Developments:

• • In 2020, Parksons Packaging Ltd., and HP India entered into a partnership to launch the new digital printing press for cartoon packaging. The Parksons installed its first HP Indigo 3000 digital press, which is the first B2-format digital press in the Indian folding cartoon sector.

Segments covered in the Report:

The India Packaging market is segmented on the basis of material, application. Based on the material, the market has been segmented into paper & paperboard, rigid plastics, flexible, metal, glass, and others. Based on the application, the market has been segmented into food, beverage, healthcare, cosmetics, industrial, and others.

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Key questions answered in this research report:

• • At what pace is India Packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India Packaging market? What will be the impact of drivers and restraints in the future?
  • Which material generated maximum revenues in 2019 and identify the most promising material during the forecast period?
  • What are the various application areas of India Packaging market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

India Packaging Market by Material

• • Paper & Paperboard
  • Rigid Plastics
  • Flexible
  • Metal
  • Glass
  • Others

India Packaging Market by Application

• • Food
  • Beverage
  • Healthcare
  • Cosmetics
  • Industrial
  • Others