Packaging Industry in India Market Business Opportunities, Growth and Scope 2022 to 2027

The Packaging Industry in India Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Packaging Industry in India market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Packaging Industry in India market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Packaging Industry in India market.

The Indian packaging market was valued at USD 50.5 billion in 2019, and it is expected to reach USD 204.81 billion by 2027, registering a CAGR of 26.7% during the period of 2022-2027.

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Top Leading Companies of Packaging Industry in India Market are - WestRock India Pvt. Ltd, Kapco Packaging, OJI India Packaging Pvt. Ltd, Parksons Packaging Ltd, PR Packagings Ltd, Autofits Packaging Private Limited, Deccan Cans & Printers Pvt. Ltd, Hindustan Tin Works Ltd, Hi-Can Industries Pvt. Ltd, Hindusthan National Glass & Industries Ltd (HNGIL), HSIL Group, Piramal Glass Private Limited, Borosil Glass Works, Haldyn Glass Limited (HGL)Ê, Uflex Ltd, TCPL Packaging Ltd, Pearl Polymers Ltd, Essel Propack Limited, Parekhplast India Limited and others.

Industry News and Updates:

- February 2022 - Parksons Packaging and HP India introduced a digital printing press for carton packaging. Parksons installed its first HP Indigo 30000 digital press, which is also the first B2-format (20 x 30 inch) digital press in the Indian folding carton industry.

- October 2019 - Piramal Glass recently outlined its investment plans of EUR 30 million, in its premium perfume manufacturing unit. It may invest EUR 15 million into its Kosamba, India container glassmaking site, add three production lines, and meet the increased demand.

Key Market Trends:

Food Industry is Expected to Hold Largest Share in the Market

- The food packaging industry in India witnessed major innovations, in terms of branding and packaging. For instance, iD Fresh has introduced Smart Sip Tender Coconut and iD Grated Coconut, in innovative eco-friendly packaging. Many popular brands, like Amul, Mother Dairy, Patanjali, and others, use UV-protected films, color-changing films, and holographic films to reduce the chance of adulterating their products.
- Packaged food is the fastest-growing segment in the Indian packaging industry. It is expected to fuel the demand for plastic packaging, as it ensures food quality, safety, and long shelf life. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), the expenditure on packaged foods is increasing (at inflection point), due to an increase in per capita income, urbanization, and an increase in the number of working women. According to Agriculture and Agri-food Canada, the sales of packaged food in India amounted to USD 76,284.2 million in 2018, and it is expected to register a CAGR of 18% during the forecast period.

Plastic Packaging to Have Significant Market Share

- The industries where plastic bottles and jars are mostly used in the country include food and beverage, cosmetics and personal care, and pharmaceutical industries. Polyethylene terephthalate (PET) and HDPE are the preferred materials for manufacturing bottles and jars in India. There are some applications where PVC is still being used to manufacture bottles, jars, and vials. However, due to the increasing environmental concerns, the manufacturers are trying to shift to PET and HDPE.
- Companies, such as Bizongo, is manufacturing the first biodegradable spill-proof meal tray to promote sustainability in the packaging ecosystem.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Packaging Industry in India Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Packaging Industry in India Market (%),2016 - 2026
- Packaging Industry in India Market Share, By Brand
- Packaging Industry in India Market Share, By Company
- Packaging Industry in India Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Packaging Industry in India Market Value Analysis & Forecast
- Promising Packaging Industry in India Development by Major Companies
- Detailed Packaging Industry in India Portfolio of the Major Companies
- Major Deals in the Packaging Industry in India Market
- Major Companies Analysis

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