India Paper Packaging Market Valued at USD 1,226.90 Million in 2023: Projected to Grow at a CAGR of 7.75%

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India Paper Packaging Market Overviews

India Paper Packaging Market was valued at US$ 1226.90 Mn. in 2023. Global India Paper Packaging Market size is estimated to grow at a CAGR of 7.75 %.

Paper packaging is a suitable solution for high protection to a wide range of products during its transporation. Moreover, it delivers more benefits like recyclability, light weight, ease of use, and biodegradability to transport firms. Packaging is the fifth largest sector and paper packaging is one of the highest growth sectors in the country.

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India Paper Packaging Market Scope and Methodology:

In India, Government is undertaking numerous initiatives to minimize the usage of single-use plastics, that is influencing business firms to adopt sustainable and eco-friendly packaging solutions to form their presence in the india packging market growth. E-commerce is the one of the largest end-users in the country, which is driven by a young demographic profile, internet penetration, better economic performance. The , paper packaging is expected to witness a more than 5.75% rate of CAGR during the forecast period.

India Paper Packaging Market Regional Insights

In India, consumers across the country are increasingly buying online groceries, food items, daily essentials through online platform. An increase in online sales is expected to boost the demand for sustainable packaging solutions. The e-commerce and retail industry are major areas that drive the demand for paper packaging solution in the country. The demand for paper packaging is increasing rapidly because of presence of end-user industries like food and beverages, cosmetics, and other industries. The government initiatives to reduce plastic wastes are expected to boost the India paper packaging market growth. The FMCG industry is one of the largest end-users in India Paper Packaging Market. According to IBEF, India is one of the largest countries of food and beverages in the world, which is expected to contribute more than 60% of global sales.

India Paper PackagingMarket Segmentation

An increase in demand of the usage of folding cartons is one of the key drivers in the India paper packaging market. high adoption of folding carton is mainly because of certain factors such as growing FMCG and food & beverages sector. Additionally, corrugated box production has increased which is driven by the country’s logistics sector and surging exports in the country.

India Paper Packaging Market Key Players

WestRock India
Trident Paper Box Industries
TGI Packaging Pvt. Ltd
Kapco Packaging
OJI India Packaging Pvt. Ltd
Chaitanya Packaging Pvt. Ltd
Packman Packaging
TCPL Packaging Ltd
Parksons Packaging Ltd
P.R. Packagings Ltd.
Huhtamaki PPL Limited

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Key questions answered in the India Paper Packaging Market are:

What is India Paper Packaging ?
What was the India Paper Packaging market size in 2023?
What is the growth rate of the India Paper Packaging Market?
Which are the factors expected to drive the India Paper Packaging market growth?
What are the different segments of the India Paper Packaging Market?
What growth strategies are the players considering to increase their presence in India Paper Packaging ?
What are the upcoming industry applications and trends for the India Paper Packaging Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the India Paper Packaging Market?
Who are the leading companies and what are their portfolios in India Paper Packaging Market?
What segments are covered in the India Paper Packaging Market?
Who are the key players in the India Paper Packaging market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Stellar Market Research:

Stellar 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.

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