India Packaging Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 7.21% through 2020 to 2026, reaching nearly US$ XX Mn.
India Packaging Market
The India Packaging Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The India Packaging Market report also provides trends by market segments, technology, and investment with a competitive landscape.
India Packaging Market Overview:
Packaging plays a crucial role in customers’ experience with respect to the trademark & the complete purchasing experience. There are 4 key functions of packaging containment, protection, communication & utility that is proposed to maximize sales & returns while reducing losses & wastage; & all of them are serious for increasing customer experience. In old-style brick-&-mortar commerce, packaging was used to make difference & increase shelf occurrence through attractive & easy-to-spot colors, shapes & graphics. In an e-commerce domain, the effects of a damaged product are very different. A customer makes a purchasing decision at the click of a button & struggles with a damaged product, after delivery wait time, which can lead to a definite decision against the online retailer. As per eMarketer, 83 percent of customers are unlikely to buying from an online retailer again after a poor experience.
Increase of the Indian e-commerce segment:
India has been seeing a surge in its e-commerce segment over the last 6 to 7 years. The Indian e-commerce market is anticipated to grow to USD 200 Bn by 2027 from USD 38.5 Bn in 2017. This development is likely to be pushed by a rise in internet & smartphone penetration & the ongoing digital revolution in the country. After India locked down in March 2020, the e-commerce sector saw a quick decline for a few weeks; however, re-opening of markets managed to recovery & subsequently, an upsurge. Markets, as well as direct brand websites, observed an overall 130 percent spike in online orders.
Another motivating aspect for this surge in e-commerce transactions is the occurrence of 1st-time shoppers & the digital-first approach. Social distancing has led to a major development of 1st time online shoppers. While India’s top five metropolitan cities endure dominating the e-commerce segment, Tier II & III cities have also combined the race with an increasing share of online shoppers. Amazon & Flipkart have gone a step further in supporting this development in smaller cities by proposing their platform content in local languages.
Surge in e-commerce to endure post pandemic:
The post-lockdown statistics indicate a systemic shift in customer buying preferences from offline to online. Consumers are gradually getting used to the eases of online shopping.
Local retail outlets are also digitizing & starting to supply online to keep up with changing consumer preferences & not lose business to large markets like Amazon & Flipkart. This is mainly adding to the ease of consumers in having everything delivered to their entrance & saving time. In a post-pandemic situation, whether customers go back to their old ways of buying or will the ease, ease & discounts of online shopping endure to lure them rests a question. Nonetheless, it can be supposed that not all customers will switch back to in-store shopping & continue purchasing online in the near future.
Impact of e-commerce on the packaging segment:
Amid the e-commerce surge, the Indian packaging industry is seeing steep development & is one of the robust rising sectors. According to the MMR Report packaging consumption in India improved 200 percent in the last decade, from 4.3 kgs per person per annum to 8.6 kgs per person per annum. The industry is anticipated to reach USD XX BN by 2026 from USD 50.5 BN in 2019 at 26.7 percent annually. The e-commerce sector of the packaging market was expected at USD 451.4 Mn in 2019 & is expected to reach US$ XX Mn by 2026 at 13.8 percent annually.
The packaging segment is categorized into 2 main segments rigid & flexible packaging, with rigid packaging accounting for 64 percent market share. In terms of packaging materials, 55 percent of the segment is dominated by plastics, followed by paper and cardboard (20 percent) & glass (10 percent).
Food processing is the largest consumer of packaging at 45 percent, followed by pharmaceuticals (25 percent) & personal care products (10 percent). Growing demand from these end-user sectors is making an enormous potential for growth.
Food & beverages packaging:
The packaged food & beverages segment is seeing an increase owing to a demand spike for vital food products & shelf-stable foods. Demand from the grocery & dairy product sectors has subsequently powered the demand for vacuum packaging, trays & protective films with PVC film & shelf life-extending improved atmospheric packaging & others. However, demand from offline food chains counting cafes & restaurants, which have been either completely closed or operating partially, is negatively impacting the market.
India Packaging Market 1
The objective of the report is to present a comprehensive analysis of the India Packaging Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the India Packaging Market dynamics, structure by analyzing the market segments and project the India Packaging Market size. Clear representation of competitive analysis of key players by Material, price, financial position, Material portfolio, growth strategies, and regional presence in the India Packaging Market make the report investor’s guide.
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India Packaging Market Scope: Inquire before buying
India Packaging Market, by Region
• North India
• South India
• East India
• West India
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.
This Report Is Submitted By : Maximize Market Research Company
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