India Protective Packaging Market Size & Outlook
India protective packaging market, 2018-2030 (US$M)
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India protective packaging market highlights
- The India protective packaging market generated a revenue of USD 4,347.9 million in 2023 and is expected to reach USD 7,152.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, flexible was the largest revenue generating type in 2023.
- Flexible is the most lucrative type segment registering the fastest growth during the forecast period.
Protective packaging market data book summary
| Market revenue in 2023 | USD 4,347.9 million |
| Market revenue in 2030 | USD 7,152.1 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Flexible |
| Fastest growing segment | Flexible |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flexible, Foam, Rigid |
| Key market players worldwide | Sealed Air Corp, Sonoco Products Co, Smurfit Kappa Group PLC, WestRock Co, Huhtamäki Oyj, DS Smith PLC, Pregis, Pro-Pac Packaging (Aust) Pty Ltd, Dow Inc, Intertape polymer group, Storopack, International Paper Co, EcoEnclose, Point Five Packaging, Universal Protective Packaging |
Other key industry trends
- In terms of revenue, India accounted for 12.2% of the global protective 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 protective 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 7,152.1 million by 2030.
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Protective Packaging Market Scope
Protective Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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India protective 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 protective packaging market will help companies and investors design strategic landscapes.
Flexible was the largest segment with a revenue share of 66.52% in 2023. Horizon Databook has segmented the India protective packaging market based on flexible, foam, rigid covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of India protective packaging market anticipated to heavily influence by changing demographics such as urbanization and rising disposable income of middle class population. These factors drive the need for new packaging formats such as size, material, and strength.
Growth in protective packaging market in India can be attributed to remarkable surge in ecommerce industry in the past few years. Presence of major e-commerce players such as Amazon, Flipkart, Snapdeal, e-bay, and Alibaba is encouraging the consumers in the country.
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Target buyers of India protective packaging market databook
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Our clientele includes a mix of protective 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 protective packaging market , including forecasts for subscribers. This country databook contains high-level insights into India protective packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India protective packaging market size, by type, 2018-2030 (US$M)
India Protective Packaging Market Outlook Share, 2023 & 2030 (US$M)
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