- It is projected that Packaging Films Market in India will be positively impacted amidst the Novel coronavirus Outbreak as the sales by China would be Impacted as they would not be able to sell to other countries & India can use this opportunity to Export Materials.
- The packaging material the industry is operating much below its installed capacity as it faces issues in supply lines and shortage of manpower due to the lockdown. Some organized retailers have also pointed out that the new batches of the FMCG products, manufactured after the lockdown, lack standard packing format and this is mainly because of disruption in the supply of packaging materials.
Packaging Consultancy is the Way Forward: Organizations are intrinsically wired to think about aspects like the product, its quality, its usability, and its benefits. This often takes away the spotlight from the packaging. In some cases, businesses lack awareness of how their packaging is impacting their business top line and bottom line, and, in most cases, this can be tied back to their inadequate understanding of the packaging supply chain. Online B2B Platforms such as ‘Bizongo’ have started providing information at every phase and helps businesses to realize their product’s full potential in the market through better packaging designs, not just as a product protection tool but as a marketing & advertising tool as well.
Growth in Indian E-commerce Market: The e-commerce retail packaging sector has grown to 65 million monthly unique visitors, accumulating an annual increase of ~55.0%. India’s e-commerce revenue is predicted to be the highest rate in the world, growing at an annual rate of 51.0% and increasing to USD 120bn in 2020 from USD 30bn in 2016. The sector has witnessed an increasing demand for rigid packagings, such as corrugated boxes and cartons due to the packaging’s firm structure, preventing potential damage against India’s poor road infrastructure, which in result has pushed the growth of the packaging industry in the last few years.
Environmental Consciousness: As environmental awareness is increasing globally due to several global warming & virus outbreak awareness campaigns, there is a strong momentum towards sustainable packaging solutions. Stakeholders across the value chain are voicing their concerns regarding the use of unsustainable packaging products & how organizations needs to follow environmental guidelines to ensure safety and less wastage to ensure a safer future for our next generation.
Solving Industry Challenges with Technology: The problems of industry uncertainty can only be tackled with the help of technology. However, with technology, an all-embracing approach would be necessary. Every stage of the procurement process will need automation. Business leaders can empower their teams with the visibility of their supply chain in real-time. This would help them absorb demand fluctuations faster. The packaging industry has immense potential in terms of manufacturing capacity. This combined with an automated supply chain system facilitated via an Online Vertical B2B platform can create a sustainable ecosystem that can be used by generations to come. The digitalization of the supply chain is what will enable the packaging industry to operate at its full potential.
Analysts at Ken Research in their latest publication ” India Packaging Industry Outlook to FY’2025 and Operational Analysis of Online B2B Platforms in India “ observed that the fast-growing Indian packaging industry needs to focus on key areas such as Safety, Environment Protection, Reusability and Recyclability of packaging material along with innovative ways to increase sustainable use of the materials with a view to promoting the growth of the sector in a more sustainable way. The India packaging industry is expected to grow at a CAGR of ~14.0% during the period FY’2019-FY’2025.
Key Segments Covered: –
By Nature of Packaging
Flexible Packaging
Rigid Packaging
By Type of Packaging Material
Plastic
Paper
Glass
Metal
Wood
Others (Special Laminate Sheets, Woven Materials)
By End Users
Food & Beverage
Pharmaceutical
Consumer Electronics
Personal & Home care
Other End Users (Automobile, Textile, Construction, Medical Devices)
By Regions
Tier 1 Cities
Tier 2 Cities
Tier 3 Cities
Key Target Audience
Packaging Manufacturers
Packaging Distributors
Machinery Industry
Plastic Industry
Glass Industry
Paper Industry
FMCG Industry
Online Commerce Industries
Online B2B facilitating Entities
Packaging Industry Associations
Government Associations
Government Agencies
Private Equity and Venture Capitalist Firms
Time Period Captured in the Report:
Historical Period: FY’2014-FY’2019
Forecast Period: FY’2019-FY’2025
Companies Mentioned:
Indian Packaging Industry Competitive Ecosystem
Balmer & Lawrie
Jindal Polyfilms
Cosmo Films
Ester
Essel
Polypack
TCPL
Time Technoplast
Uflex
Radha Madha Corp. Ltd
Other Players- Pharpur 3P, Amcor Limited, Huhtamaki PPL, Hindustan Tin Works Ltd, Shetron & Umax Packaging Ltd.
Online B2B Platform Competitive Ecosystem
IndiaMart
Trade India
Bizongo
Udaan
Industry Buying
Moglix
Power 2 SME
Other Players include Alibaba, Ninjacart etc.
Key Topics Covered in the Report: –
Online B2B Platform for the packaging Industry
Production Costs of Packaging in India
Operating Model Packaging Industry
India MSME Packaging Manufacturers
Total Packaging Manufacturers India
India Packaging Per Capita Consumption
MSME Digital Adoption Rate India
Online B2B Platform Competition India
Online B2B Platform Bottlenecks India
India Balmer & Lawrie Packaging Industry Revenue
Jindal Polyfilms Production Capacity Analysis
Preference of the B2B Marketplace in India in 2019
For More Information on The Research Report, Refer to Below Link: –
India Packaging Industry Growth
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
