Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The India Packaging market is growing owing to propelling ready to eat food and changing the working scenario
The India Packaging market has the potential to grow with USD 110.23 billion with historical CAGR in the forecast period from 2020-2027. Factors driving the market demand for India Packaging are emerging demand for ready to eat food, increasing shelf life and hygiene level of the food is propelling the market demand for the India Packaging market.
Appropriate packaging shape is conducive to storage, transportation, and display, as well as product sales. Therefore, the way is an indispensable combination element in packaging. With the bolstering development of the packaging industry, the role of packaging production in promoting the construction of the national economy and improving the material and cultural life of the people is becoming increasingly apparent.
Moreover, the increase in people's living standards and the increase in medical expenses caused by the aging of the population increase the development of new drugs are rising the packaging industry growth. Thus, the pace of reform of the medical security system has accelerated, and the expansion of urban residents' medical insurance, the industry will continue to maintain the rapid momentum of growth.
Moreover, our lives are inseparable from all kinds of packaging, especially the food industry. For food, the packaging is not only a container but also plays a role in quality preservation. Food industry packaging materials widely used paper packaging, plastic packaging, metal packaging, and glass packaging. In addition to bottle packaging for special drinks, most snack foods are either paper or plastic. However, plastic packaging is not easy to degrade, and it is easy to produce garbage. Thus, the packaging industry is going to replace plastic with paper to promote green packaging.
Material overview in the India Packaging Market
Based on the material, the India Packaging market segmented into Paper, Plastic, Metal, Glass, Other Material Types. The plastic-packaging material segment accounted for the largest share in the Indian packaging market. It is mainly owing to Plastic inflatable packaging used for puffed food to prevent moisture, oxidation, flavor, block sunlight, and avoid squeezing. Moreover, the demand for FMCG products and seafood and ready to eat products are fueling the market of plastic in packaging. It helps in increasing the shelf life of the food and maintain the hygiene level as well.
End-User overview in the India Packaging Market
Based on the end-user, India Packaging market classified into Food, Beverage, Pharmaceutical, Consumer Electronics, Personal/Homecare, Other End-user. The beverages segment has dominated the largest share in the Indian packaging market. It is mainly due to the unique advantages of plastic packaging materials, such as performance, price, and freight, traditional packaging materials are more and more replaced by plastic packaging. Moreover, emerging technology in the packaging industry tetra packs is used for maintaining the shelf life and for sterilization of the beverage. Also, the consumption of the packet milk sector has increased in recent years. Thus, contributing to propelling the market share of packaging in the Indian market.
Region overview in the India Packaging Market
Based on geography, the India Packaging market segmented into North, South, East, West. West region is dominating the market share of the India packaging market. It is mainly owing to the changing lifestyle of the people living in the west. Due to the rise in industries and the cooperative sector, it has emerged in the working population. Thus, it drives the demand for packaging food in the west region.
India Packaging Market: Competitive Landscape
Companies such as Jindal Poly Films Ltd, Positive Packaging Industries Ltd, Amcor Limited, Cosmo Films Limited, Essel Propack Limited, Tetra Pak International SA, Uflex Limited, Oji India Packaging Pvt Ltd, Umax Packaging Ltd, Polyplex Corporation Limited, Tri-Wall Pak Private Limited, and others are key players in the India Packaging market.