The Indian packaging industry market is anticipated to at a CAGR of 5% during the forecast period. According to the trade and commerce trade association (Assocham), the packaging industry in India is anticipated to reach $73.6 billion by the end of 2020. The growing population, awareness related to the use of packaged items, rise in e-commerce, and the considerable presence of several end-user verticals in the country are among the key factors driving the packaging industry market in India. 

The ongoing digital transformation in the country is expected to increase the total internet user base of India to 829 million by 2021 from 560.01 million as of September 2018, according to the India Brand Equity Foundation (IBEF).  The internet economy of India is expected to double from $125 billion as of April 2017 to $250 billion by 2020, primarily supported by e-commerce. The growing e-commerce market in India tends to expand the market share of the packaging industry market.

The packaging industry market is segmented on the basis of material type and end-user vertical. Based on the material type, the packaging industry market is segmented into plastic, metal, paper, and glass. Based on end-user vertical, the market is segmented into food, beverage, healthcare, cosmetics & personal care, industrial, and others (household items). Food packaging is anticipated to hold major market share based on end-user vertical. The huge market for ready to eat food items due to working conditions is a major aspect driving the food packaging segment during the forecast period. 

Amcor Ltd., Balmer Lawrie & Co. Ltd,  Berry Global Group, Cosmo Films Ltd, Essel Propack Ltd, Ester Industries Ltd, Flexituff Ventures International Ltd, Jindal Poly Films Ltd, Kapco Packaging., OJI India Packaging Pvt. Ltd., among others, are the key players operating in the India packaging industry. The presence of key market players in the region along with their motive to produce high-end packaging solutions is a key factor contributing to the high share of the market in the country. These players operating in the market are adopting several innovative packaging technologies to thrive in the market place. 

Research Methodology

The market study of the India packaging industry market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Packaging Industry Market Research and Analysis by Material Type
2. India Packaging Industry Market Research and Analysis by End-User Vertical

The Report Covers

• Comprehensive research methodology of the India packaging industry market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian packaging industry market.
• Insights about market determinants which are stimulating the Indian packaging industry market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.