India's Flexible Packaging Market Size was valued at USD 22.8 Billion in 2022. The Flexible Packaging industry is projected to grow from USD 24.00 Billion in 2023 to USD 36.29 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 5.30% throughout the forecast period (2024 - 2032). Rising demand for flexible packaging in the food & beverages industry and growing utilization of stand-up pouches are the main market drivers expected to propel the Flexible Packaging market in India.
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
The growing demand for flexible packaging from food and pharmaceutical packaging has positively increased due to the large and increasing middle-class population in India. The rapid growth of exports that requires superior packaging standards for the international market is increasing market growth. India's packaging industry is dominating the market for flexible plastic packaging. The shift towards convenience, hygiene, and sustainability boosts the adoption of flexible packaging in the food industry. It provides different features like durability, lightweightness, and extended shelf life, which are especially beneficial for perishable food items. The growth of urbanization and busy lifestyles has led to a rising preference for ready-to-eat meals, beverages, and snacks, and the demand for efficient packaging solutions is growing. Moreover, flexible packaging allows manufacturers to include features such as resealable closures and portion control, improving convenience for consumers. This increase in demand for such packaging in the food sector boosts the overall growth of India's market.
Furthermore, in order to ensure the efficacy, safety, and compliance of medical products, the pharmaceutical industry depends heavily on flexible packaging. Materials like blister packs, pouches, and sachets offer a barrier against moisture, contaminants, and oxygen, ensuring the quality of pharmaceutical products throughout their shelf life. Flexible packaging provides flexibility in printing and design, helping companies align with regulatory requirements, offering patient information, and improving brand visibility. With the surging prevalence of chronic diseases, rising healthcare awareness, and broadening access to medication, the demand for pharmaceutical packaging continues to rise in India. Further, the growing government initiatives promoting food safety standards, sustainable packaging practices, and hygiene further boost the demand for flexible packaging solutions in the country. Thus, driving the Flexible Packaging market revenue.
According to TCPL Packaging Ltd, sustainable packaging solutions such as compostable films and biodegradable materials have been under research and development since 2021. They have incorporated a division TCPL Innofilms which specializes in the production of blown polyethylene PE films, one of their sustainable packaging strategies.
The India Flexible Packaging market segmentation, based on material type, includes Plastic, Paper, containers Glass, Metal Cans and containers. The plastics category dominates the market due to its moldability, durability, and cost-efficiency compared to other raw materials utilized to design flexible packaging solutions. The plastics are lightweight, which helps reduce handling and shipping costs. They can be converted into different shapes, designs, and sizes. Flexible plastic packaging provides high barrier and puncture-resistant properties, making it suitable for industrial and consumer packaging applications. It is commonly utilized for packaging non-durable, fast-moving unit loads and flexible intermediate bulk containers in industrial applications, boosting market growth.
The India Flexible Packaging market segmentation, based on end user, includes Food & Beverage, Retail & E-Commerce, Paints & Commercial, Industrial, Personal Care & Cosmetics, and Others. The food and beverage category dominates the market due to the convenience of the available ready-to-eat food and rising disposable income, increasing the purchasing power of individuals. The growing concern about sustainability and hygiene, changing lifestyles, and growing urbanization have made manufacturers innovate with new technologies. Therefore, the increasing consumption of packaged food and beverages will raise the demand for flexible packaging in India.
Figure 1: India Flexible Packaging Market, by End User, 2023 & 2032 (USD Billion)
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
The flexible packaging market in India is witnessing robust growth driven by different factors. With the fastest-growing economies globally, India's rising middle class and urbanization are fueling demand for packaged goods across various sectors like food and beverage, pharmaceuticals, personal care, and more. Flexible packaging offers advantages like convenience, cost-effectiveness, and sustainability, aligning with consumer preferences and industry needs. Moreover, the government's initiatives, like "Make in India" and the implementation of Goods and Services Tax (GST), have bolstered manufacturing activities and supply chain efficiency, further propelling the flexible packaging market. Additionally, technological advancements in printing, laminating, and barrier materials have enhanced the quality and versatility of flexible packaging solutions, catering to diverse product requirements. Furthermore, increasing awareness about environmental sustainability is driving the adoption of eco-friendly packaging materials and practices. This shift towards sustainable packaging solutions aligns with India's commitment to reducing plastic waste and promoting a circular economy.
Leading market players are investing heavily in research and development in order to extend their product lines, which will help the Flexible Packaging market grow even more. Market players are also undertaking different strategic activities to expand their footprint, with important market developments including contractual agreements, mergers and acquisitions, new product launches, higher investments, and collaboration with other organizations. To expand and sustain in a more competitive and rising market climate, the Flexible Packaging industry must offer cost-effective items.
Major players in the Flexible Packaging market are trying to increase the market demand by investing in research and development operations, including Berry Global Inc., Bilcare Ltd., Constantia Flexibles Group GmbH, Cosmo Films Ltd., GARWARE HI TECH FILMS Ltd., Huhtamaki Oyj, Jindal Poly Films Ltd., Multiflex Packaging India, Nichrome Packaging Solutions, Packone Solutions LLP.
Bilcare Ltd.
Constantia Flexibles Group GmbH
Cosmo Films Ltd.
Huhtamaki Oyj
Jindal Poly Films Ltd.
Multiflex Packaging India
Nichrome Packaging Solutions
Packone Solutions LLP
In February 2023, ITC Limited’s YiPPee! has also announced the introduction of ‘Terra By YiPPee!’ an invention scheme whose slogan is “YiPPee! - A Better World”. In this case, the company makes use of some of their recyclable wrappers and other recycled YiPPee! Wrappers to create environmentally friendly products such as totes, laptop sleeves, and stationary pouches aimed at the eco-conscious clientele.
In September 2022, Berry Global Group Inc. in collaboration with Mars Inc. issued a press release that its pantry sized treats would be packaged in PET jars containing 15% recycled content post-consumer resin (PCR).
In September 2022, Sonoco Products Company acquired S.P. Holding, which is a dominant manufacturer of high-quality paperboard made of 100% recycled paper designed for rigid paper containers, cores, tubes and other uses.
in April 2023, Huhtamaki pioneered mono-material flexible packaging structures by launching several pliable alternatives namely PAPER, PE retort, and PP retort. Such requirements come from the fact that these solutions are designed for mobility and reliability. These advancements are out of this world with a mono-material content of up to 95% for PE and at least 90% of PAPER and PP. While being entirely recyclable, such alternatives do not comprise effective protection and value characteristics.
UFlex Limited promoted its environment friendly flexible packaging products at World Food India on September 20, 20241.As per the statement, they are attacking market trends relating to environmental sustainability in a rather innovative way by focusing more on eco-friendly materials and designs.
In October 2023 Pakka Limited introduced India’s first compostable flexible packaging2. This type of packaging is made from bagasse, which is of local origin reinforcing their pledge to sustainability.
Plastic
Paper
Container Glass
Metal Cans and Container
Food & Beverage
Retail & E-Commerce
Paints & Commercial
Industrial
Personal Care & Cosmetics
Others
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 22.8 Billion |
| Market Size 2023 | USD 24.00 Billion |
| Market Size 2032 | USD 36.29 Billion |
| Compound Annual Growth Rate (CAGR) | 5.30% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material Type, End User, and Region |
| Countries Covered | India |
| Key Companies Profiled | Berry Global Inc., Bilcare Ltd., Constantia Flexibles Group GmbH, Cosmo Films Ltd., GARWARE HI TECH FILMS Ltd., Huhtamaki Oyj, Jindal Poly Films Ltd., Multiflex Packaging India, Nichrome Packaging Solutions, Packone Solutions LLP. |
| Key Market Opportunities | Strategic alliance between young or local Flexible Packaging players and multinational beverage businesses Rise in the number of new investors and robust R&D efforts by current market participants. |
| Key Market Dynamics | Growth in the functional beverage market Rising interest in new non-alcoholic beverage options |
Frequently Asked Questions (FAQ) :
The India Flexible Packaging market size was valued at USD 24.00 Billion in 2023.
The market is foreseen to rise at CAGR of 5.30% throughout the forecast period, 2024-2032.
The prime players in the market are Berry Global Inc., Bilcare Ltd., Constantia Flexibles Group GmbH, Cosmo Films Ltd., GARWARE HI TECH FILMS Ltd., Huhtamaki Oyj, Jindal Poly Films Ltd., Multiflex Packaging India, Nichrome Packaging Solutions, Packone Solutions LLP, and others.
The plastic segment dominated the market in 2023.
The food & beverage category had the largest share of the market.
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