India Packaging Market: Unveiling Growth Trajectory and Revenue Surge

In 2021, the India Packaging Market exhibited a valuation of US$ 81.07 billion, and projections indicate a remarkable growth trajectory at 26.1% from 2021 to 2027, culminating in an anticipated total revenue of nearly US$ 325.95 billion.

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The India Packaging Market report represents a thorough exploration of the industry, market dynamics, and key participants. Delving into both the demand and supply aspects across various segments, the report encompasses trends in market segments, technology, and investment while providing insights into the competitive landscape.

Overview of the India Packaging Market:

Packaging assumes a pivotal role in shaping customers' interactions with trademarks and overall purchasing experiences. The four primary functions of packaging-containment, protection, communication, and utility-are strategically designed to optimize sales, minimize losses, and enhance customer satisfaction. In traditional brick-and-mortar commerce, packaging was a tool for differentiation and increased shelf visibility through vibrant colors, distinctive shapes, and engaging graphics. In contrast, the repercussions of a damaged product in the e-commerce realm can be detrimental. With online purchases driven by a simple click, customers facing a damaged product and extended delivery times may decide against the online retailer. Notably, 83% of customers, as per eMarketer, are unlikely to make future purchases from an online retailer following a poor experience.

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Rise of the Indian E-commerce Sector:

Over the past 6 to 7 years, India has witnessed a significant surge in its e-commerce sector, projected to grow to USD 200 billion by 2027 from USD 38.5 billion in 2017. This growth is fueled by increased internet and smartphone penetration, coupled with the ongoing digital revolution. Despite a brief decline in the e-commerce sector following India's lockdown in March 2020, markets and direct brand websites experienced a substantial 130% surge in online orders upon reopening.

Factors such as first-time online shoppers and a digital-first approach contribute to this e-commerce boom. While major metropolitan cities continue to dominate the e-commerce landscape, Tier II and III cities are progressively joining the trend, facilitated by platforms like Amazon and Flipkart offering content in local languages.

E-commerce Surge Post-Pandemic:

Post-lockdown statistics indicate a systemic shift in customer preferences from offline to online shopping. Local retail outlets are adapting by digitizing and offering online services to align with changing consumer behavior and avoid losing business to major players like Amazon and Flipkart. This shift towards online shopping is likely to persist post-pandemic, as consumers become accustomed to the convenience, ease, and discounts associated with it.

Impact of E-commerce on the Packaging Segment:

The surge in e-commerce has led to robust growth in the Indian packaging industry. According to the MMR Report, packaging consumption in India has doubled in the last decade, reaching 8.6 kgs per person per annum in 2021.

India Packaging Market by Material
• Paper & Paperboard
• Plastics
• Metal
• Glass
• Others

India Packaging Market by End User
• Bakery & Confectionary
• Dairy Product
• Fruits & Vegetables
• Meat & Seafood
• Sauces & Dressing
• Others

India Packaging Market by Product
• Rigid
• Semi-rigid
• Flexible

The packaging segment is divided into rigid and flexible packaging, with rigid packaging holding a 64% market share. Plastics dominate packaging materials, comprising 55% of the market, followed by paper and cardboard (20%) and glass (10%). The largest consumers of packaging are the food processing sector (45%), followed by pharmaceuticals (25%) and personal care products (10%).

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Food and Beverages Packaging:

The packaged food and beverages segment is witnessing growth due to increased demand for essential food products and shelf-stable foods. Grocery and dairy sectors drive demand for vacuum packaging, trays, and protective films, while offline food chains, such as cafes and restaurants, negatively impact the market.

Objective of the Report:

The comprehensive report aims to provide stakeholders in the industry with a detailed analysis of the India Packaging Market. It presents the industry's past and current status, forecasts market size and trends, and simplifies complex data for better understanding. The report covers all facets of the industry, offering a dedicated study of key players, including market leaders, followers, and new entrants.

India Packaging Market Key Players

• Amcor
• Ball Corporation
• Crown Holdings
• Genpak
• Graham Packaging
• Pactiv
• Tetra Pak International
• AGI Glasspec
• Pirama Glass Ltd
• Parksons Packaging
• Essel Propack Limited
• Pearl Polymers Ltd.
• Piramal Glass Limited
• Hindustan Tin Works Ltd.
• Autofits Packaging Private Limited
• P.R. Packagings Ltd.
• WestRock India Private Limited.

Table of content for the India Packaging Market includes:

Part 01: Executive Summary

Part 02: Scope of the India Packaging Market Report

Part 03: Global India Packaging Market Landscape

Part 04: Global India Packaging Market Sizing

Part 05: Global India Packaging Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.