Press release
India Packaging Industry Market Growth, Size, Report & Forecast to 2020-2026
India's packaging industry market is anticipated to exhibit a considerable CAGR during the forecast period (2020-2026). The packaging is the fifth largest sector in India’s economy and is one of the highest growth sectors in the country. According to the Packaging Industry Association of India (PIAI), each year the sector is growing at 22% to 25%. With the growing pharmaceutical industry, the country’s pharmaceutical packaging industry players are working towards the creation of innovative features like digital timers and alarms on pill bottles, dose monitoring and innovative mechanized blister packs. However, the high use of plastic is this kind of packaging is a major factor to restrain its market growth.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/india-packaging-industry-market
With the rising internet penetration and use of online platforms the demand for e-commerce has increased considerably in India. India’s growing e-commerce market is creating demand for rigid packaging that includes cartons and corrugated boxes. This is due to the packaging’s firm structure, and to offer protection from potential damage against India’s poor road infrastructure. The growing consumer awareness regarding the use of packaged food, specifically packaged food deliveries is promoting the growth of the food packaging industry market in the country. In food packaging rules and regulations plays a critical role for instance, as per the Food Safety and Standards Authority of India (FSSAI), the use of recycled plastics and newspaper for food packaging has been banned.
A Full Report of India Packaging Industry Market is Available at:https://www.omrglobal.com/industry-reports/india-packaging-industry-market
Market Coverage
Market Number Available for – 2019-2026
Base Year- 2019
Forecast Period- 2020-2026
Segment Covered- By Material Type, By End-User Industry Vertical
Competitive Landscape-Essel Propack, Ltd., Ester Industries, Ltd., TCPL Packaging, Ltd., Uflex, Ltd., and WestRock India Pvt, Ltd.
Key questions addressed by the report
What is the market growth rate?
Which segment dominates the market in the base year?
Which segment will project the fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
India Packaging Industry Market report Segment
By Material Type
Plastic
Metal
Paper
Glass
By End-User Vertical
Food
Beverage
Healthcare
Cosmetics & Personal Care
Industrial
Others (Household Items)
Company Profiles
Balmer Lawrie & Co. Ltd.
Cosmo Films, Ltd.
Essel Propack, Ltd.
Ester Industries, Ltd.
Flexituff Ventures International, Ltd.
Hindustan Tin Works, Ltd.
Jindal Poly Films, Ltd.
Kapco Packaging
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/india-packaging-industry-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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