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May 04, 2023

Flexible packaging market in India to grow by USD 18.65 billion between 2022 and 2027; Amcor Plc, Berry Inc., among others identified as key vendors

NEW YORK, May 8, 2023 /PRNewswire/ -- The flexible packaging market size in

NEW YORK, May 8, 2023 /PRNewswire/ -- The flexible packaging market size in India is estimated to increase by USD 18.65 billion between 2022 and 2027, with a CAGR of 12.6% during the forecast period, according to the recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report - Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have been analyzed and rated to provide a holistic view of market favorability.Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.

Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

Furthermore, market adoption rates for all regions have been covered.

Vendor Analysis

The flexible packaging market in India is fragmented due to the presence of several global and domestic players. Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. The presence of a large number of vendors in India has increased the competition among vendors. Growing innovation by vendors to offer improved packaging solutions has led to increased rivalry among the players. Thus, the threat of rivalry was moderate in 2022, and it is expected to remain the same during the forecast period. Some of the key vendors covered in the report include:

Amcor Plc - The company offers flexible packaging solutions that help brands to keep their products safe, fresh, and convenient for consumers.

Berry Global Inc. - The company offers flexible packaging solutions that enhance the frozen food image through quality appearance and descent functionality which includes a range of containers, trays, and films.

Constantia Flexibles Group GmbH - The company offers flexible packaging solutions with several specifications obtainable for a variety of applications and improved tear resistance due to peelable heat seal lacquer.

Cosmo Films Ltd. - The company offers flexible packaging solutions ranging from optical properties, superior printability, and low sealing temperature, to high hot tack, low COF, and stable COF, which are required for any flexible packaging application.

GARWARE HI TECH FILMS Ltd.

Huhtamaki Oyj

Jindal Poly Films Ltd.

Multiflex Packaging

Packone Solutions LLP

Paharpur 3P

Polyplex Corp. Ltd.

Pouch Makers Canada Inc.

SOLOS POLYMERS PVT. LTD.

Sonoco Products Co.

Tetra Pak Group

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Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Flexible packaging market in India

The market is segmented by end-user (food and beverage industry, pharmaceutical industry, personal care industry, and others), and material (plastic, paper, and aluminum).

The market growth in the food and beverage industry segment will be significant over the forecast period. The growth of the segment is driven by the increased demand for convenient and ready-to-eat food products among consumers in India. In addition, the increasing population of young working professionals in cities such as Bengaluru, Pune, Mumbai, and Delhi is another major factor driving the growth of the segment.

Market Dynamics

Driver – The market is driven by the growing retail industry in India. Organized retail is growing in India with transforming demographic profiles, rising disposable incomes, growing urbanization, and changing consumer tastes and preferences. Also, the shift of consumers, especially millennials, from traditional retail to online channels has boosted the share of organized retail in India. In addition, rural FMCG is growing steadily in the country and is expected to reach USD 220 billion by 2025. All these factors are expected to drive the growth of the flexible packaging market in India during the forecast period.

Trend – The increasing use of stand-up pouches is identified as the key trend in the market. A stand-up pouch weighs just about 5% of the total weight of a glass bottle. The lightweight of stand-up pouches has increased their use of substitutes to cans to store processed food. They come with zips that can be closed if the content in them has to be reused. In addition, stand-up pouches can be designed in different shapes and prints with high-quality graphics. Such benefits are increasing the use of stand-up pouches among end-users, which is expected to positively influence market growth.

Challenge – The volatility in raw material prices is a major challenge hindering the growth of the market. Packaging materials such as cartons are produced either from recycled fiber mills or virgin fiber. The prices of these raw materials fluctuate constantly, which is emerging as a major concern for end-users such as carton producers. The instability in the prices of raw materials also affects the profit margins of vendors due to the increasing production cost. Also, the price of aluminum, a key raw material used in manufacturing food cans, is also facing fluctuations. Such factors are expected to reduce the growth potential of the market.

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What are the key data covered in this flexible packaging market in India report?

CAGR of the market during the forecast period

detailed information on factors that will drive the growth of the flexible packaging market in India between 2023 and 2027

precise estimation of the size of the flexible packaging market in India and its contribution to the parent market

accurate predictions about upcoming trends and changes in consumer behavior

growth of the flexible packaging market across India

a thorough analysis of the market's competitive landscape and detailed information about vendors

comprehensive analysis of factors that will challenge the growth of flexible packaging market vendors in India

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Related Reports:

The flexible packaging market is estimated to grow at a CAGR of 4.82% between 2022 and 2027. The size of the market is forecast to increase by USD 54.42 billion. The market is segmented by product (pouches, bags, films and wraps, and others), type (food and beverage, healthcare, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The rigid packaging market is estimated to grow at a CAGR of 4.84% between 2022 and 2027. The size of the market is forecast to increase by USD 108.59 billion. The market is segmented by type (plastic, metal, and glass), application (food and beverages, pharmaceuticals, personal care, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Flexible Packaging Market in India: Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.6%

Market growth 2023-2027

USD 18.65 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.99

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amcor Plc, Berry Inc., Bilcare Ltd., Constantia Flexibles Group GmbH, Cosmo Films Ltd., GARWARE HI TECH FILMS Ltd., Huhtamaki Oyj, Jindal Poly Films Ltd., Multiflex Packaging, Packone Solutions LLP, Paharpur 3P, Polyplex Corp. Ltd., Pouch Makers Canada Inc., SOLOS POLYMERS PVT. LTD., Sonoco Products Co., Tetra Pak Group, TPCL Packaging Ltd., UFlex Ltd., and Uma Polymers Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Materials Market Reports

Table of contents:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 flexible packaging market in India 2017 - 2021

4.2 End-user Segment Analysis 2017 - 2021

4.3 Material Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Food and beverage industry - Market size and forecast 2022-2027

6.4 Pharmaceutical industry - Market size and forecast 2022-2027

6.5 Personal care industry - Market size and forecast 2022-2027

6.6 Others - Market size and forecast 2022-2027

6.7 Market opportunity by End-user

7 Market Segmentation by Material

7.1 Market segments

7.2 Comparison by Material

7.3 Plastic - Market size and forecast 2022-2027

7.4 Paper - Market size and forecast 2022-2027

7.5 Aluminum - Market size and forecast 2022-2027

7.6 Market opportunity by Material

8 Customer Landscape

8.1 Customer landscape overview

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

10.3 Landscape disruption

10.4 Industry risks

11 Vendor Analysis

11.1 Vendors covered

11.2 Market positioning of vendors

11.3 Amcor Plc

11.4 Berry Inc.

11.5 Bilcare Ltd.

11.6 Constantia Flexibles Group GmbH

11.7 Cosmo Films Ltd.

11.8 GARWARE HI TECH FILMS Ltd.

11.9 Huhtamaki Oyj

11.10 Jindal Poly Films Ltd.

11.11 Multiflex Packaging

11.12 Packone Solutions LLP

11.13 Paharpur 3P

11.14 Polyplex Corp. Ltd.

11.15 Tetra Pak Group

11.16 TPCL Packaging Ltd.

11.17 UFlex Ltd.

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

12.3 Currency conversion rates for US$

12.4 Research methodology

12.5 List of abbreviations

About UsTechnavio is a leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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