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The packaging market share in India is expected to increase by USD 15.80 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.01%.
This packaging market research report of India provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers packaging market segmentation in India by product (rigid packaging and flexible packaging) and end-user (food and beverages, pharmaceuticals, consumer electronics, and others). The packaging market report of India also offers information on several market vendors, including Amcor Plc, Constantia Flexibles Group GmbH, Cosmo Films Ltd., Essel Propack Ltd., Jindal Poly Films Ltd., Oji Holdings Corp., Tetra Laval International SA, TPCL Packaging Ltd., UFlex Ltd., and Uma Group among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The shift toward the use of flexible packaging is notably driving the packaging market growth in India, although factors such as government regulations on plastic recycling and the use of single-use plastics may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaging industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Packaging Market Driver in India
Flexible packaging makes use of the best characteristics of paper, aluminum foil, and plastic without compromising the freshness, durability, printability, and barrier protection of the packaged product. They are used as an effective packaging solution to improve the shelf life of products. The features of flexible packaging, such as lightweight, small size, and ease in deposal, have made it an effective option for packaging. Flexible packaging consumes less energy during the manufacturing, transportation, and disposal processes and is an economical packaging method. Flexible packaging also produces less packaging waste when compared to rigid packaging. Such factors have increased the demand for flexible packaging among food and beverage, consumer durable, and pharmaceutical manufacturing companies.
Key Packaging Market Trend in India
The growth of the organized retail sector in India, one of the critical packaging market trends in India, will significantly influence market growth. Retailers prefer flexible packaging as it helps in preserving the quality of products and lengthening their shelf life and can also influence buyers during the purchase decision-making process. Because of the increasing Internet penetration and the growing e-commerce industry in the country, the organized retail industry in India will witness considerable growth. The retail industry is developing in tier-2 and tier-3 cities in India, in addition to the major cities and metros. Factors such as changing demographic profiles, rising disposable incomes, growing urbanization, and changing consumer tastes and preferences are driving the growth of the organized retail market in India.
Key Packaging Market Challenge in India
Generally, some of the plastics used for packaging are non-degradable in nature, and their disposal generates landfill problems. The process of disposing of plastics incurs a high labor and equipment cost. Moreover, due to the rising focus on recyclability, by governments and environmental organizations, plastic manufacturers are focusing on adopting alternate packaging solutions to reduce plastic landfills. The Government of India announced a plan on October 2, 2019, to phase out single-use plastics by 2022. As a result of this, the government has asked e-commerce and manufacturing companies to reduce the use of single-use plastics for packaging. The government has also proposed a plan to curb single-use plastics, including plastic bags, small bottles, cups, plates, straws, and sachets. Such regulations are expected to directly impact the vendors in the market and force end-users to adopt biodegradable packaging materials during the forecast period.
This packaging market analysis report of India also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The growth in the global metal and glass containers market will be driven by factors such as the growing packaging industry, high demand for plastic packaging, and growing use of glass packaging. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the packaging market in India during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the packaging market in India encompasses successful business strategies deployed by the key vendors. The packaging market in India is fragmented and the vendors are offering sustainable packaging and smart packaging solutions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The packaging market forecast report of India offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the packaging market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the metal and glass containers market includes the following core components:
The report has further elucidated on other innovative approaches being followed by vendors to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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