Technavio has been monitoring the packaging market in India and it is poised to grow by USD 81.07 billion during 2020-2024, progressing at a CAGR of over 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Packaging Market in India 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The rigid packaging is expected to be the leading segment in the global market during the forecast period.
What are the major trends in the market?
Growth of organized retail sector in India is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 18%, the incremental growth of the market is anticipated to be USD 81.07 billion.
Who are the top players in the market?
Amcor Plc, Constantia Flexibles Group GmbH, Cosmo Films Ltd., Essel Propack Ltd., Jindal Poly Films Ltd., Oji India Packaging Pvt. Ltd., Tetra Laval International SA, TPCL Packaging Ltd., UFlex Ltd., and Uma Group. are some of the major market participants.
What are the key market drivers and challenges?
The shift toward use of flexible packaging is one of the major factors driving the market. However, the government regulations on plastic recycling and the use of single-use plastics restraints the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amcor Plc, Constantia Flexibles Group GmbH, Cosmo Films Ltd., Essel Propack Ltd., Jindal Poly Films Ltd., Oji India Packaging Pvt. Ltd., Tetra Laval International SA, TPCL Packaging Ltd., UFlex Ltd., and Uma Group are some of the major market participants. The shift toward the use of flexible packaging will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Packaging Market in India 2020-2024: Segmentation
Packaging Market in India is segmented as below:
Food and Beverages
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Packaging Market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The packaging market in India report covers the following areas:
Packaging Market Size in India
Packaging Market Trends in India
Packaging Market Analysis in India
This study identifies the growth of organized retail sector in India as one of the prime reasons driving the packaging market growth in India during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Packaging Market in India 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist packaging market growth in India during the next five years
Estimation of the packaging market size in India and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the packaging market in India
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of packaging market vendors in India
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
Rigid packaging - Market size and forecast 2019-2024
Flexible packaging - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Comparison by End user placement
Food and beverages - Market size and forecast 2019-2024
Pharmaceuticals - Market size and forecast 2019-2024
Consumer electronics - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End user
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Constantia Flexibles Group GmbH
Cosmo Films Ltd.
Essel Propack Ltd.
Jindal Poly Films Ltd.
Oji India Packaging Pvt. Ltd.
Tetra Laval International SA
TPCL Packaging Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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