Pharmaceutical; Retail; Food & Beverage Packaging to Flourish India Packaging Industry Market

India's packaging industry market is anticipated to exhibit a considerable CAGR during the forecast period (2020-2026). The packaging is the fifth largest sector in India’s economy and is one of the highest growth sectors in the country. According to the Packaging Industry Association of India (PIAI), each year the sector is growing at 22% to 25%. With the growing pharmaceutical industry, the country’s pharmaceutical packaging industry players are working towards the creation of innovative features like digital timers and alarms on pill bottles, dose monitoring and innovative mechanized blister packs. However, the high use of plastic is this kind of packaging is a major factor to restrain its market growth.

Browse the full report description India Packaging Industry Market Size, Share & Trends Analysis Report by Material Type (Plastic, Metal, Paper, Glass) By End-User Vertical (Food, Beverage, Healthcare, Cosmetics & Personal Care, Industrial, Others) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/india-packaging-industry-market 

With the rising internet penetration and use of online platforms the demand for e-commerce has increased considerably in India. India’s growing e-commerce market is creating demand for rigid packaging that includes cartons and corrugated boxes. This is due to the packaging’s firm structure, and to offer protection from potential damage against India’s poor road infrastructure. The growing consumer awareness regarding the use of packaged food, specifically packaged food deliveries is promoting the growth of the food packaging industry market in the country. In food packaging rules and regulations plays a critical role for instance, as per the Food Safety and Standards Authority of India (FSSAI), the use of recycled plastics and newspaper for food packaging has been banned.

Market Coverage

• Market Number Available for – 2019-2026
• Base Year- 2019
• Forecast Period- 2020-2026
• Segment Covered- By Material Type, By End-User Industry Vertical
• Competitive Landscape-Essel Propack, Ltd., Ester Industries, Ltd., TCPL Packaging, Ltd., Uflex, Ltd., and WestRock India Pvt, Ltd.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

India Packaging Industry Market report Segment

By Material Type

• Plastic
• Metal
• Paper
• Glass

By End-User Vertical

• Food
• Beverage
• Healthcare
• Cosmetics & Personal Care
• Industrial
• Others (Household Items)