In pre-historic India, packaging started with big leaves and animal skins for food, and coconut shells and dry skins of vegetables. Leather bags and jars were later used. Plastic packaging first came into existence in 1946 by Tupperware in India. India has achieved immense growth in industrialization in the past few years. The growth of the flexible packaging market is mainly driven by the food and pharmaceutical industries. Because of the green revolution, India has achieved a huge rise in food production. Because of these factors, India is expected to grow rapidly in the flexible packaging market during the forecast period. Flexible packaging is the best solution for this. Also, the growing organised retailing industry is fuelling the growth of the flexible packaging market. Consumer preferences for the use of convenient packaging and in affordable quantities are also driving factors for the growth. Manufacturers are striving for the most cost-effective solutions in the country. The growing investments in the food processing sector will give rise to the growth of the flexible packaging market during the forecast period. The fast moving consumer goods (FMCG) sector provides the largest opportunity for the flexible packaging market in India. The growth of this sector will lead to a rise in demand for flexible packaging solutions for the safe handling and transportation of the products. For a sustainable solution, flexible materials provide safe packaging that has less impact on the environment and also protects the products from damage and external environments, extending the shelf life of the products. According to the research report, "India Flexible Packaging Market Overview, 2027," published by Bonafide Research, the flexible packaging market is anticipated to grow at a CAGR of more than 6% in terms of value during the forecast period. Another major factor driving the growth of the flexible packaging market is India's export activities, which necessitate superior flexible packaging solutions for international markets. Faster delivery of products is the major trend in the e-commerce industry. To provide the best services to consumers, flexible packaging is the best solution. The government is also implementing rules regarding the use of packaging materials for manufacturers. India is the largest country in terms of the growth of the flexible packaging market in the Asia-Pacific region. According to the report, the market is divided into food, beverage, pharmaceuticals, personal care, and others based on application. India is an emerging country in food production. The food industry accounts for the lion's share of the flexible packaging market. The rising trend of online food delivery and packaged food in India is witnessing robust growth in the flexible packaging market. Growing awareness of sustainable packaging solutions in food packaging will result in a high demand in the country for flexible packaging solutions. Food packaging is directly connected to the dietary habits of each culture, and dietary habits are a key part of each culture. Understanding these habits is crucial for success in the food packaging business. The beverage industry is the second-largest user of the flexible packaging market in India. The changing packaging trends in the beverage industry are leading to the growth of the flexible packaging market. Based on material type, the market is segmented into plastic, paper, aluminium foil, and other materials. The plastic segment is leading the market for flexible packaging in India. The Indian packaging market is considered the fastest growing market. The growth of the e-commerce sector is the major reason for the growth of the plastics segment. More than 65% of the value market share in flexible packaging is held by the plastic segment. The aluminium foil and paper packaging segments are also the fastest growing in flexible packaging. The changes in the food habits of people and the growing demand for ready-to-eat confectionaries and pharmaceutical products have increased the demand for the aluminium foil segment. Based on the packaging type, the market is segmented into bags, wraps, pouches, and others. The pouch segment covers the highest market share in flexible packaging. The pouch segment has turned out to be one of the most efficient and economical flexible packaging solutions for manufacturers operating in the packaged food industry. India is one of the fastest-growing economies in the world. It plays a crucial role in the global market and supply chain. UFLUX is known as India’s largest flexible packaging company which caters to several national companies along with renowned multinationals across the globe. They are known for the manufacturing of various types of flexible packaging pouches. One of the best-known in India, “Zip Pouch” is a product of this company that helps to carry or store food in the refrigerator. They are equipped with modern and advanced technologies with prompt customer support for the smooth functioning of their businesses, both nationally and internationally. They are a name in the packaging industry for providing effective and diligent solutions. COVID-19 Impact: The COVID-19 pandemic heavily impacted countries all over the world. The production of the flexible packaging industry has decreased at the time of the pandemic, but on the other hand, the need for food and pharmaceutical products is increasing. The demand for food and pharmaceutical products is increased at the time of a pandemic. People are moving towards panic buying, so this has led to the high demand for flexible packaging. Considered in this report • Geography: India • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • India Flexible Packaging market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five force models • Top profiled companies • Strategic recommendation Types of Material in the report: • Plastic • Paper • Aluminum Foil • Others By End-Use in the report: • Food • Beverages • Pharmaceuticals • Personal care • Others Types of Packaging in the report: • Bags • Wraps • Pouches • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flexible packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample