India Paper and Paperboard Packaging Market 2022 Business Scenario – rident Paper Box Industries, - TGI Packaging Pvt. Ltd., - Kapco Packaging, - OJI India Packaging Pvt. Ltd.

Market Insights Reports has added new statistical data to its repository titled as, Global India Paper and Paperboard Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The India Paper and Paperboard Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Paper and Paperboard in India are expected to grow at CAGR of 5.3% during the forecast period of 2021-2026.

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Top Key Players in the Global India Paper and Paperboard Packaging Market is -  Trident Paper Box Industries, - TGI Packaging Pvt. Ltd., - Kapco Packaging, - OJI India Packaging Pvt. Ltd., - Chaitanya Packaging Pvt. Ltd, - Packman Packaging, - TCPL Packaging Ltd, - Parksons Packaging Ltd., - Horizon Packs Pvt Ltd, -  P.R. Packagings Ltd., and others. 

Industry News and Update:

- April 2020: PR Packaging completed the deal of Iecho digital-cutter, EngView CAD software, and PaSharp pre-press software to increase their production facility. Moreover, Iecho BK1311 has a bed size of 1300-1100-mm and can operate at a speed of 1,000-mm/sec. PR Packaging will use these machines for cutting packaging applications and corrugation packaging.

- February 2020: Parksons Packaging and HP India introduced a digital printing press for carton packaging. This new agreement will help this company to produce 20 x 30-inch applications for the carton industry. According to Parkson's expectation, this agreement will also enable its capability to meet the demand of different end-user industries.

Key Market Trends:

Folding Cartons will Hold the Significant Market Share

- Carton boards or paperboards are mostly used for folding cartons owing to its stiffness, rigidity, and toughness, which can provide compression strength to protect products during transportation. According to the Indian Paper Manufacturers Association (IPMA), the production of packaging paper and paperboard reached 8.710 million metric tons, and it is growing at 8.37% year on year.
- Folding carton packaging is witnessing significant demand from food and beverage, pharmaceuticals, and retail, among others. According to the India Folding Carton Association, the Indian consumer packaging market is expected to reach 1,500 billion by 2021, due to the widespread adoption of organized retail. Additionally, Emami Paper Mills is also investing USD 285 million to set up a 4,50,000 metric ton per annum multi-layer coated paper and packaging board manufacturing plant at Bharuch in Gujarat to cater to the market potential of this untapped market.
- These Folded carton boards are mostly used in the e-commerce, food, and beverages industry. Moreover, owing to the COVID 19 pandemic, the retail sales of essential and staple foods have increased significantly. Additionally, different food delivery centers have increased the contactless food delivery service for its customers. Hence this ongoing trend is stimulating the growth of this market.
- Moreover, the significant local and international in this market are focusing on built new capacities and expanding their existing capabilities to meet the massive demand for Folding carton products. For instance, Nine Dragons Paper of China invested USD 630 million to establish a paper and paperboard making plant in Maharashtra.

India Paper and Paperboard Packaging Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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This Global India Paper and Paperboard Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global India Paper and Paperboard Packaging market:

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– Where are the greatest dangers?              

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