The packaging required to protect products during circulation, facilitate storage and transportation, and promote sales. It also refers to the use of containers, materials, and auxiliary materials. Packaging elements include packaging objects, materials, modeling, structure, protection technology, visual communication, etc.
The India Packaging market has the potential to grow with USD 110.23 billion with historical CAGR in the forecast period from 2020-2027. The factors that are driving the market demand of India packaging market are inadequate infrastructure, bolstering market of ready to eat food, emerging demand for seafood and lack of sufficient refrigeration conditions are propelling its market.
India has a vast packaging market and consumes a lot of packaging materials every year. The packaging industry’s market demand for various types of packaging materials (paper, plastic, aluminum foil, glass, and other packaging materials) is continually expanding, and its scale will gradually develop as the population grows.
Popular packaging machinery products in the Indian market include automatic bag-filling-sealing packaging machines, Tetra Pak aseptic filling machines, and inspection instruments. India’s small packaging machinery manufacturers usually produce some general-purpose equipment to meet the basic needs of the industry, and aluminum beverage can provide equipment also has good market potential.
The demand for packaging in the FMCG and pharmaceutical industries is enormous. With the increase in consumption of the middle class, the development of the white goods market also promoted the development of the packaging industry. The growth of e-commerce in India is also very rapid, and the demand for corrugated boxes is higher, which will further promote the development of the packaging industry. In the next few years, food packaging will become the main driving force for the rapid growth of Indian polymer consumption. The Indian manufacturing industry’s demand for the packaging industry will also increase rapidly.
Furthermore, the rapid development of India’s food industry, manufacturing, and e-commerce has increased the market’s demand for packaging materials. At present, the printing and packaging industry has become one of the fastest-growing sectors in India, and its vast market potential has recognized globally.
Besides, product packaging has also become a prerequisite for products to enter the market, which plays a vital role in promoting product sales. Also, in the fields of construction, advertising, and retail, print advertising has become an indispensable part of an enterprise’s marketing process.
Moreover, the exhibition will focus on displaying the newer development trends of packaging processing technology and packaging processing in India. The more modern packaging equipment and materials fully reflect the changing market demand and the vitality of the industry, which is conducive to more understanding of the packaging industry in countries around the world.
With more than 1.3 billion young people, the improvement of modern retail concepts and the development of urbanization will continue to drive consumption. The growth of the middle class and the increase in national income urgently require advanced, flexible, and sustainable packaging solutions.
The latest development trends and packaging equipment and materials in Indian packaging processing technology and packaging processing fields, and fully explores changes. Market demand and business opportunities in the industry. Moreover, packaging helps in influencing high internationality and diversity of supply provide a one-stop solution for global packaging needs, and also build an efficient communication platform for exhibitors and visitors.
Based on the material, the India Packaging market segmented into Paper, Plastic, Metal, Glass, Other Material Types. The plastic-packaging material segment accounted for the largest share in the Indian packaging market. It is mainly owing to the growth of FMCG products bolstering the demand for the retail sector. Moreover, with emerging capital income, people have a busy schedule and coupled with rising demand for packaging food, especially ready to eat meals, meats and seafood are fueling the plastic packaging market in India. Furthermore, emerging technological advancement and development of the packaging industry is propelling the market share of logistics and online food services. Therefore, for maintaining shelf life, hygiene level, and ensuring quality are also driving the food processing industry. Thus, the demand for plastic in food processing and packaging of FMCG products is propelling the market share of the Indian packaging market.
Based on the end-user, India Packaging market classified into Food, Beverage, Pharmaceutical, Consumer Electronics, Personal/Homecare, Other End-user. The beverages the segment has dominated the largest share in the Indian packaging market. It is mainly due to the highest consumption of milk in plastic packaging that dominates the packaging in the beverages segment. Moreover, demand for hot drinks and tetra packaging is bolstering owing to its interactive and secure packaging that enables to provide information to the consumer about shelf life and packaging date and other information as well. Furthermore, with the advancement in technology, beverages packaging requires sterilization with conduction sealing wad and lidding application for PE and PP containers. Thus, it offers various flexibility to the user while opening the lid without splitting, and among other benefits, it improves shelf life and maintains hygiene level.
Based on geography, the India Packaging market segmented into North, South, East, West. West region is dominating the market share of the India packaging market. According to the Central Pollution Control Board (CPCB), the data collected from 60 cities in India, Mumbai has the largest share in the consumption of packaging food. It is mainly due to the emerging working population, and also rising women working population is propelling the market for packaged food. Thus, the west region in India is bolstering the market share of the Indian packaging market.
Companies such as Jindal Poly Films Ltd, Positive Packaging Industries Ltd, Amcor Limited, Cosmo Films Limited, Essel Propack Limited, Tetra Pak International SA, Uflex Limited, Oji India Packaging Pvt Ltd, Umax Packaging Ltd, Polyplex Corporation Limited, Tri-Wall Pak Private Limited, and others are key players in the India Packaging market.
By Material Type