The Indian food packaging market is projected to grow at a significant CAGR of 9.3% during the forecast period. The key factors that drive the growth of the market include the rising food industry in the country. The India Brand Equity Foundation in 2019 estimated that the packaged food industry in India will cross $65 billion by 2020 and become the third-largest market for packaged food. Thus, this creates a wide scope for the growth of the Indian food packaging market over the forecast period. Further, the sector has also witnessed an inclination in investments with cumulative FDI inflows that reached up to $8.45 billion between April 2000 and March 2018. Organized dairies in the country are expected to invest $2.17 billion during the year 2018-2021.
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Moreover, there are numerous food as well as food packaging companies in India that contribute to the growth of the Indian food packaging industry. For instance, UFlex is among the major company that is also engaged in R&D activities to deliver innovative and good quality packaging solutions to customers across the country. UFlex provides rigid as well as flexible packaging products that are safe and enhances the shelf life of food products without letting it be exposed to environmental conditions, thus, ensuring maintained quality of food products. This, in turn, is likely to contribute to the growth of the Indian food packaging market over the forecast period.
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India Food Packaging Market – Segmentation
By Material
- Plastic
- Paper & Paperboard
- Others
By Packaging
- Flexible Packaging
- Semi-Rigid Packaging
- Rigid Packaging
By Application
- Dairy Products
- Fruits & Vegetables
- Bakery & Confectionery
- Poultry & Meat Products
- Convenience Food
- Others
Company Profiles
- Avon Flex Pvt. Ltd
- Overview
- Avon Flex Pvt. Ltd. in Food Packaging Landscape
- Recent Developments
- AS Food Packaging Greendale
- Ball Corp.
- Ecoware Solutions Pvt. Ltd.
- Evirocor – OKO
- MG Packaging Pvt. Ltd.
- Mondi Group Plc
- Rich Offset Pvt Ltd.
- TCPL Packaging Ltd.
- UFlex Ltd.
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