India Flexible Packaging Market Size & Outlook, 2023-2030
India flexible packaging market, 2018-2030 (US$M)
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India flexible packaging market highlights
- The India flexible packaging market generated a revenue of USD 21,415.2 million in 2023 and is expected to reach USD 33,251.1 million by 2030.
- The India market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 21,415.2 million |
| Market revenue in 2030 | USD 33,251.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, India accounted for 7.9% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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India flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 68.11% in 2023. Horizon Databook has segmented the India flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for packaging in India has increased significantly owing to the growing demand from the processed food, pharmaceutical, and personal care applications. Factors such as rising population, rising income levels, and changing lifestyles are expected to drive consumption of the packaged food cosmetics, and pharmaceutical products resulting in increased demand for flexible packaging solutions.
Indian sauce and soup brands, such as Kisan and Knorr (brands of Unilever), and juice brands, such as Paper Boat Foods, use flexible pouches to pack their products. In addition, there is an increasing demand for organic food products such as wheat, grains, and chia seeds.
Organic food products are priced higher than conventional agricultural products, hence, they are packed in smaller flexible pouches to prevent spoilage and damage to the contents within. The growing organically grown food consumption is also expected to drive the demand for flexible packaging over the forecast period.
The social media viewership rate is growing in India. The trend of following online influencers on social media platforms is witnessing growth in the country. This has driven cosmetic product manufacturers to promote their products on social media platforms. To attract the population, cosmetic companies are investing in increasing the appeal of their product packaging. Flexible packaging products, such as tubes and pouches, are being adopted by cosmetic manufacturers to package their products.
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Target buyers of India flexible packaging market databook
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into India flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India flexible packaging market size, by raw material, 2018-2030 (US$M)
India Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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