The flexible packaging market share in India is expected to post an incremental growth of USD 12.72 billion, progressing at a CAGR of 10.63% during the forecast period. The growing investments in the food processing sector will offer immense growth opportunities to market vendors. The flexible packaging market in India is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Flexible Packaging Market in India by End-user and Material - Forecast and Analysis 2021-2025” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The flexible packaging market in India is segmented by end-user (food and beverage industry, pharmaceutical industry, personal care industry, and others) and materials (plastic, paper, and aluminum).
The growth of the flexible packaging market size in India by the food and beverage industry segment will be significant during the forecast period. The research report provides estimations of the contribution of all segments to the growth of the flexible packaging market size in India.
The growing investments in the food processing sector will directly influence the sales of flexible packaging in India. In addition, the growing retail industry in India is one of the major flexible packaging market trends in India that will positively impact the market growth. However, factors such as the growing prices of raw materials will hamper the flexible packaging market growth in India.
The market is fragmented due to the presence of several players. Some of the major flexible packaging market vendors in India are Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, Cosmo Films ltd., Garware Polyester Ltd., Huhtamaki Oyj, Jindal Poly Films Ltd., Polyplex Corp. Ltd., Tetra Laval International SA, UFlex Ltd.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Browse through the other Flexible Packaging Market reports for more insights:
What are the key data covered in the Flexible Packaging Market in India report?
Precise market size estimation during the forecast period 2021-2025.
CAGR of the Flexible packaging market in India forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the flexible packaging market share in India.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the flexible packaging market in India.
Flexible packaging industry growth across India.
