INDIA PACKAGING MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)

 The Indian packaging market is anticipated to grow at a CAGR of 12.60% between 2022 and 2027. The fast rise of consumer markets, particularly in the processed food, personal care, and pharmaceutical end-user industries, has greatly increased packaging demand in India. One of the industries in India with the highest growth is packaging. The industry has been a major force behind technology and innovation over the past few years, bringing benefits to many manufacturing sectors, including agriculture and the fast-moving consumer goods (FMCG) sectors. Rising population, rising income levels, and changing lifestyles are all expected to increase consumer spending across a variety of businesses, which will increase the demand for packaging product solutions. 

The packaging sector is significant and essential to the global commerce of goods. Depending on how it will be used, packaging can be categorised as primary, secondary, tertiary, or accessory packaging. Additionally, it is divided into different categories based on the materials utilised, including metals, glass, paper, plastic, and paperboard. A variety of end-user businesses, including those in the food and beverage, healthcare, and cosmetics sectors, among others, employ packaging. The packaging machinery industry in India's packaging sector is also examined in the report.

India exported a total of USD 17.19 billion worth of agricultural products between March 2020 and February 2021, according to the Indian Brand Equity Foundation (IBEF). In April 2021, grape exports totalled USD 47.36 million. In FY21, grape exports came to a total of USD 313.61 million. In April 2021, India sold dairy goods for USD 12.63 million and pulses for USD 17.73 million. Given that rigid plastics are incredibly light and transport more affordably than any other kind of packaging, such an export rate would stimulate demand for packaging. This might result in considerable shipping cost reductions and a decrease in the amount of fossil fuel required to transport the goods.

Major Players: 

  1. Gerresheimer AG

  2. ITC Limited

  3. Westrock India

  4. Hitech Plast (Hitech Group)

  5. Jindal Poly Films Limited














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