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 - Technavio

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).

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 flexible packaging market in India 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on flexible packaging market in India 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Material Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Material Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 6.3 Food and beverage industry - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Food and beverage industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Food and beverage industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Food and beverage industry - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Food and beverage industry - Year-over-year growth 2022-2027 (%)

• 6.4 Pharmaceutical industry - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Pharmaceutical industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Pharmaceutical industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Pharmaceutical industry - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Pharmaceutical industry - Year-over-year growth 2022-2027 (%)

• 6.5 Personal care industry - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Personal care industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Personal care industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Personal care industry - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Personal care industry - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 45: Market opportunity by End-user ($ billion)
• Exhibit 46: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Material

• 7.1 Market segments
• Exhibit 47: Chart on Material - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Material - Market share 2022-2027 (%)

• 7.2 Comparison by Material 
• Exhibit 49: Chart on Comparison by Material
• Exhibit 50: Data Table on Comparison by Material

• 7.3 Plastic - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Plastic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Plastic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Plastic - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Plastic - Year-over-year growth 2022-2027 (%)

• 7.4 Paper - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Paper - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Paper - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Paper - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Paper - Year-over-year growth 2022-2027 (%)

• 7.5 Aluminum - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Aluminum - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Aluminum - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Aluminum - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Aluminum - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Material 
• Exhibit 63: Market opportunity by Material ($ billion)
• Exhibit 64: Data Table on Market opportunity by Material ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 66: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 67: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 68: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 69: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 70: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 71: Matrix on vendor position and classification

• 11.3 Amcor Plc
• Exhibit 72: Amcor Plc - Overview
• Exhibit 73: Amcor Plc - Business segments
• Exhibit 74: Amcor Plc - Key news
• Exhibit 75: Amcor Plc - Key offerings
• Exhibit 76: Amcor Plc - Segment focus

• 11.4 Berry Inc.
• Exhibit 77: Berry Inc. - Overview
• Exhibit 78: Berry Inc. - Business segments
• Exhibit 79: Berry Inc. - Key news
• Exhibit 80: Berry Inc. - Key offerings
• Exhibit 81: Berry Inc. - Segment focus

• 11.5 Bilcare Ltd.
• Exhibit 82: Bilcare Ltd. - Overview
• Exhibit 83: Bilcare Ltd. - Product / Service
• Exhibit 84: Bilcare Ltd. - Key offerings

• 11.6 Constantia Flexibles Group GmbH 
• Exhibit 85: Constantia Flexibles Group GmbH - Overview
• Exhibit 86: Constantia Flexibles Group GmbH - Product / Service
• Exhibit 87: Constantia Flexibles Group GmbH - Key news
• Exhibit 88: Constantia Flexibles Group GmbH - Key offerings

• 11.7 Cosmo Films Ltd.
• Exhibit 89: Cosmo Films Ltd. - Overview
• Exhibit 90: Cosmo Films Ltd. - Product / Service
• Exhibit 91: Cosmo Films Ltd. - Key offerings

• 11.8 GARWARE HI TECH FILMS Ltd. 
• Exhibit 92: GARWARE HI TECH FILMS Ltd. - Overview
• Exhibit 93: GARWARE HI TECH FILMS Ltd. - Product / Service
• Exhibit 94: GARWARE HI TECH FILMS Ltd. - Key offerings

• 11.9 Huhtamaki Oyj
• Exhibit 95: Huhtamaki Oyj - Overview
• Exhibit 96: Huhtamaki Oyj - Business segments
• Exhibit 97: Huhtamaki Oyj - Key news
• Exhibit 98: Huhtamaki Oyj - Key offerings
• Exhibit 99: Huhtamaki Oyj - Segment focus

• 11.10 Jindal Poly Films Ltd. 
• Exhibit 100: Jindal Poly Films Ltd. - Overview
• Exhibit 101: Jindal Poly Films Ltd. - Business segments
• Exhibit 102: Jindal Poly Films Ltd. - Key offerings
• Exhibit 103: Jindal Poly Films Ltd. - Segment focus

• 11.11 Multiflex Packaging
• Exhibit 104: Multiflex Packaging - Overview
• Exhibit 105: Multiflex Packaging - Product / Service
• Exhibit 106: Multiflex Packaging - Key offerings

• 11.12 Packone Solutions LLP 
• Exhibit 107: Packone Solutions LLP - Overview
• Exhibit 108: Packone Solutions LLP - Product / Service
• Exhibit 109: Packone Solutions LLP - Key offerings

• 11.13 Paharpur 3P
• Exhibit 110: Paharpur 3P - Overview
• Exhibit 111: Paharpur 3P - Product / Service
• Exhibit 112: Paharpur 3P - Key offerings

• 11.14 Polyplex Corp. Ltd.
• Exhibit 113: Polyplex Corp. Ltd. - Overview
• Exhibit 114: Polyplex Corp. Ltd. - Product / Service
• Exhibit 115: Polyplex Corp. Ltd. - Key offerings

• 11.15 Tetra Pak Group
• Exhibit 116: Tetra Pak Group - Overview
• Exhibit 117: Tetra Pak Group - Business segments
• Exhibit 118: Tetra Pak Group - Key news
• Exhibit 119: Tetra Pak Group - Key offerings
• Exhibit 120: Tetra Pak Group - Segment focus

• 11.16 TPCL Packaging Ltd.
• Exhibit 121: TPCL Packaging Ltd. - Overview
• Exhibit 122: TPCL Packaging Ltd. - Business segments
• Exhibit 123: TPCL Packaging Ltd. - Key offerings
• Exhibit 124: TPCL Packaging Ltd. - Segment focus

• 11.17 UFlex Ltd.
• Exhibit 125: UFlex Ltd. - Overview
• Exhibit 126: UFlex Ltd. - Business segments
• Exhibit 127: UFlex Ltd. - Key news
• Exhibit 128: UFlex Ltd. - Key offerings
• Exhibit 129: UFlex Ltd. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 130: Inclusions checklist
• Exhibit 131: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 132: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 133: Research methodology
• Exhibit 134: Validation techniques employed for market sizing
• Exhibit 135: Information sources

• 12.5 List of abbreviations 
• Exhibit 136: List of abbreviations

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