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.
Market Coverage
· Market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Material, By Packaging, and Application
· Competitive Landscape- Amcor Plc, AS Food Packaging, Avon Flex Pvt. Ltd., Ball Corp., Berry Global, Inc., Evirocor – OKO, Mondi Plc, and UFlex Ltd.
Key questions addressed by the report
· What is the market growth rate?
· Which segment dominates the market in the base year?
· Which segment will project the fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from the pre-COVID-19 scenario
· Most affected segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of India Food Packaging Market is Available at: https://www.omrglobal.com/industry-reports/india-food-packaging-market
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
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
