According to study, “Trends and Opportunities in the
Indian Packaging Industry: Analysis of changing packaging trends in the food,
cosmetics & toiletries, beverages, and other industries”
some of the major companies that are currently working in the Indian packaging
industry are Balmer Lawrie & Co. Ltd,Ester Industries Ltd,Flexituff
International Ltd,Jindal Poly Films Ltd, Parekh Aluminex Ltd,TCPL Packaging Ltd,
Time Technoplast Ltd,Uflex Ltd, Polyplex Corp Ltd, Bilcare Limited, Essel
propack, Ess Dee Aluminium Ltd.
India is the sixth largest
packaging market in the world. Packaging is a process of covering, wrapping of
goods into a package. It involves designing & producing the wrapper for a
product. It is essential for offering goods in safe and secured position to
consumer. Industrial packaging is focuses on the handling convenience & protection
during transportation. It is classified into three types: primary packaging,
secondary packaging and tertiary packaging. Some primary functions of packaging
are presentation, convenience, protection, preservations and economy. Secondary
packaging is used to group the primary packets together, outside the primary
packaging. Some secondary functions are containment, identification,
suitability, labeling and handling etc. Additionally, tertiary packaging is
used for bulk handling, warehouse storage and transport shipping e.g.
palletized unit loads.
Some packaging types of industry
packaging included flexible packaging, rigid plastics, rigid metal, glass and
paper & board. Flexible packaging is any package or any part of a package
whose shape can be readily changed, e.g. bags and pouches. A rigid-plastic
material is defined as a material exhibiting no elastic deformation and perfect
plastic deformation. Glass packaging is used for the production of glass
containers, such as bottles, jars, drinkware, and bowls. Paper board is a
thick, paper-based material that is generally thicker than regular paper. Paperboard
comes in several different grades that possess unique characteristics making
each grade suitable for different requirements and needs such as cereal,
medicinal and cosmetic boxes.
Some functions of packaging are
protective function, convenient function, graphic design and psychological
function. Protective functions are included heat, pressure, vibration, water or
moisture and shock or drop etc. Convenient functions are included
transportation, stocking, image, design, size protection and after re-use
productivity etc. Graphic designware included design, color and size.
Some growth drivers
of packaging industry include retail growth & increased consumerism, rising
in fast-moving consumer goods (FMCG) sector, high demand from food & beverage
industry, growth in pharmaceutical market & paint or lubricant industry and
increasing demand from rural sector & logistics advantage etc. Some key
trends of packaging industry are growth in consumer packaged goods, growth of
organized retail, increasing use of flexible packaging, growth in the usage of
metal packaging, usage of glass packaging for beverages, increasing usage of tetra
packs for diary and juice products, coding and marking, aseptic packaging, usage
of recyclable packaging material, vacuum packaging, modified atmosphere packaging,
aerosol packaging, skin packaging, shrink and stretch packaging and temper
evident packaging etc. Additionally, some challenges of packaging industry are rapid
changes in technology, shortage and rising cost of raw material, costly skilled
manpower, rising input costs, highly inadequate credit flow, lack of market
access & advanced technology, lack of exposure to best management and
manufacturing practices, lack of 100% commitment to the quality standards and non-availability
of skilled man-power etc. Moreover some technologies are involved in packaging
industry such as multi-layer films, bulk containers, specialty film and
laminates, injection molded containers, two piece metal containers, roto molded
containers and thin-wall glass containers etc.
In 2016, the Indian packaging
market was valued at 231,542.5 million units and fixed packaging market was
valued at 159,337.4 million. In 2018, the per capita packaging consumption is
quite low rate at 8.7 kg. Strong favorable demographic factors such as
increasing disposable income levels, rising consumer awareness and demand for
packaged food are expected to drive the growth of packaging industry in
country. It is estimated that packaging market will be grow at a CAGR of 9.2%
to reach 359,421.9 million units in 2021.
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