India Packaging Market Report Overview:
The India Packaging Market, valued at $128.91 billion in 2023, is poised for a remarkable expansion, with projections indicating it will reach approximately $653.57 billion by 2030, growing at a compound annual growth rate (CAGR) of 26.1% between 2024 and 2030. This surge is primarily driven by the robust growth of India’s e-commerce sector, which has fueled a dramatic increase in the demand for packaging, particularly in the food, pharmaceuticals, and personal care sectors.
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key Drivers: E-Commerce & Consumer Preferences
India’s e-commerce industry, already on track to surpass $200 billion by 2027, is the principal catalyst behind the explosive growth in the packaging market. With online shopping becoming a staple of modern consumer behavior, the demand for packaging that ensures product protection and enhances customer experience has skyrocketed. Furthermore, the shift toward first-time online shoppers, particularly in Tier II and Tier III cities, is contributing to the growing packaging requirements. Major players like Amazon and Flipkart are playing a key role in this transition, with local language support helping to expand their reach.
Packaging Materials & Sectors Driving Growth
India’s packaging market is segmented into rigid and flexible packaging, with rigid packaging accounting for 64% of the market share. Plastic remains the dominant material, representing 55% of the market, followed by paper and cardboard at 20%. Notably, the food and beverage sector, which consumes the largest share of packaging (45%), is benefiting from increasing demand for vacuum packaging and shelf-life extending materials.
Mergers & Acquisitions in the Packaging Sector
The India Packaging Market is seeing significant consolidation as global and regional players vie for market share. In recent months, there have been strategic mergers and acquisitions that have enhanced technological capabilities and expanded product portfolios in the packaging industry. Companies are increasingly investing in India, attracted by the rapid market expansion and high demand for innovative packaging solutions.
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India Packaging Market Segmentation:
by Material
Paper & Paper board
Plastics
Metal
Glass
Others
by End User
Bakery & Confectionary
Dairy Product
Fruits & Vegetables
Meat & Seafood
Sauces & Dressing
Others
The surge in demand for essential food items and shelf-stable foods is driving growth in the packaged food and beverage sector. The demand for vacuum packing, trays, protective films with PVC film, shelf life-extending better atmospheric packaging, and other items has been driven by the grocery and dairy product industries. The market is being adversely affected by the demand from offline food establishments, including cafés and restaurants, which have either shut down entirely or are just partially operational.
by Product
Rigid
Semi-rigid
Flexible
India Packaging Market Key Players:
1. Amcor
2. Ball Corporation
3. Crown Holdings
4. Genpak
5. Graham Packaging
6. Pactiv
7. Tetra Pak International
8. AGI Glasspec
9. Pirama Glass Ltd
10. Parksons Packaging
11. Essel Propack Limited
12. Pearl Polymers Ltd.
13. Piramal Glass Limited
14. Hindustan Tin Works Ltd.
15. Autofits Packaging Private Limited
16. P.R. Packagings Ltd.
17. WestRock India Private Limited.
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Recent Developments in the M&A Landscape
The market has witnessed increased activity in mergers and acquisitions, particularly by leading players in Southeast Asia, Japan, South Korea, and Europe. For example, global packaging leader, Tetra Pak, has made key acquisitions in the Indian market to tap into the growing demand for sustainable and technologically advanced packaging solutions. Additionally, in Vietnam and Thailand, packaging companies are consolidating to meet the rising demand from the growing e-commerce sector.
In the U.S. and European markets, companies are also expanding their reach into India, with packaging technology advancements such as smart packaging and sustainable materials becoming a key focus. Companies in these regions are forming joint ventures and acquiring local players to leverage India’s growing packaging needs.
Key Questions answered in the India Packaging Market Report are:
- What are the market segments?
- Which production technology is utilized for India Packaging?
- What trends are driving the market growth?
- Who are the global key players in the India Packaging market?
- What is the global market status of the India Packaging market?
- What was volume, manufacture value, price, and revenue of India Packaging market?
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Key Offerings:
- Market Overview: A comprehensive introduction to the market landscape.
- Market Share Analysis: Insight into the competitive positioning of market players.
- Market Size Estimates: Detailed projections based on extensive research.
- Revenue Forecasts: Anticipated financial performance over the coming years.
- Market Dynamics: In-depth exploration of growth drivers, restraints, investment opportunities, and key trends.
- Market Segmentation: A meticulous analysis of segments, sub-segments, and regional performance.
- Competitive Landscape: Overview of top key vendors and other significant market participants.
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