India Flexible Packaging Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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In 2021, the flexible packaging market was valued at INR 615.27 Billion. It is expected to reach INR 1610.88 Billion by 2027, expanding at a CAGR of 21.22% during the FY 2021 to FY 2027 period.
Market insights:
The rigid packaging market held the largest share (~80%) in 2019; however, currently flexible packaging is the fastest-growing segment of the overall packaging industry. Increase in income of the middle-class population, rise in the standard of living, and growth of the e-commerce industry have propelled market development. — Food products account for 36% of packaging, followed by non-alcoholic beverages (18%), and alcoholic beverages (5%) in the packaged food segment. The spurt in demand for handy and small packs has also fueled market growth.
Segment insights:
Based on raw materials used, the flexible packaging market can be segmented into flexible plastic, paper, and foil packaging. The flexible plastic packaging segment accounts for the largest share. Plastic can be modified by co-polymerization and uses additives to match the exact commodity requirement, thereby making it the most suitable raw material. The most commonly used raw materials for plastic packaging are polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). PE finds application in diverse industries and accounts for the largest share of the flexible plastic packaging segment.
Impact of COVID-19:
The COVID-19 pandemic had a mixed impact on the market players, depending on the portfolios of different end-user industries. Key segments catering to essential services, such as fresh and processed food, hygiene and home care products, healthcare consumables, and e-commerce, witnessed a spike in demand for flexible packaging. The segments that serve non-essential services experienced a short-term contraction in demand. As a result, established players capitalized on this opportunity and strategically allocated their resources, and covered up for the losses incurred for the other end-user industries.
Competitive insights:
The flexible packaging industry is occupied by several unorganized players, which makes it highly fragmented. At present established players are extending their services to various end-user industries to enhance their presence in the market.
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Our most recent research report showcases the thriving expansion of the India Flexible Packaging Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the India Flexible Packaging market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Flexible Packaging in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Flexible Packaging market?
- What is the market share of the top 5 players in the India Flexible Packaging market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Flexible Packaging market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Flexible Packaging market?
- What are the challenges related to the supply chain and logistics that India Flexible Packaging market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Flexible Packaging market?
- What are the potential risks and uncertainties associated with investing in the India Flexible Packaging market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Flexible Packaging market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Flexible Packaging market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Flexible Packaging market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Flexible Packaging business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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