A report on the India Packaging market has been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information.
The research covers a wide range of market – and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for the India Packaging Market. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data.
India Packaging Market Overview:
By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of the India Packaging Market may be better understood. In order to assess the importance of numerous aspects, including threats provided by diverse agents, competitive strength, and the understanding of a resource by ambitious young enterprises, the study examines Porter’s five forces. The study looked at each country at the micro level to establish the total market size by countries and market categories. With the use of a method known as bottom-up forecasting, the size of the regional and global markets is determined. A micro level analysis of each country will reveal how much the underground market contributes to the growth of the larger market. The findings were supported by in-depth interviews with well-known local business owners. The information used in secondary research is obtained from both for-profit and open-access sources, and it is th en analysed. The sources for consumption by category and supply by each player in each country are actual government data, commercial databases, and annual reports of publicly traded companies.
The market for India Packaging Overview size was valued at US$ 81.07 Bn in 2021 and the total revenue is expected to grow at 26.1% through 2021 to 2027, reaching nearly US$ 325.95 Bn.
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India Packaging Market Segmentation:
The market for India Packaging is anticipated to be dominated by the infrastructural sector in terms of type. The use of railway traffic management systems in high-speed trains and other urban transportation systems, such as metros, is a key element in the growth of the India Packaging industry. Rail traffic management systems enable centralised oversight and management of the whole rail network’s traffic.
by Material
• Paper & Paperboard
• Plastics
• Metal
• Glass
• Others
Flexible and rigid packaging make up the two primary divisions of the packaging market, with rigid packaging holding a 64 percent market share. Plastics account for 55% of the packaging materials market, followed by paper and cardboard (20%), glass ( 10%), and plastics (55%) in that order.
Food processing consumes the most packaging, at a rate of 45%, followed by the pharmaceutical industry (25%), and personal care items ( 10%). These end-user industries’ increasing demand is creating a huge opportunity for development.
by End User
• Bakery & Confectionary
• Dairy Product
• Fruits & Vegetables
• Meat & Seafood
• Sauces & Dressing
• Others
The analysis of the market segments and projection of market size in the research also aids in understanding the dynamics and structure of the India packaging industry. The study serves as an investor’s guide with its clear depiction of competitive analysis of top companies by Material, price, financial situation, Material portfolio, growth plans, and geographical presence in the India Packaging Market.
by Product
• Rigid
• Semi-rigid
• Flexible
The need for shelf-stable goods and essential food items has increased, which is driving growth in the packaged food and beverage market. The need for vacuum packing, trays, protective films with PVC film, shelf life-extending better atmospheric packaging, among other products, has been driven by demand from the grocery and dairy product industries. The market is being adversely affected by demand from offline food establishments, including cafés and restaurants that are either entirely closed or partially operational.
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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.
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