Flexible Packaging Market in India 2024-2028

The flexible packaging market in India is forecasted to grow by USD 15.57 bn during 2023-2028, accelerating at a CAGR of 12.69% during the forecast period. The report on the flexible packaging market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the shift toward flexible packaging due to high logistics costs in India, the growing retail industry in India, and the increase in demand for digitally printed packaging.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.04%
CAGR	12.69%
Incremental Value	$15.57bn

Technavio's flexible packaging market in India is segmented as below:

By End-user

Food and beverage industry
Pharmaceutical industry
Personal care industry
Others

By Material

Plastic
Paper
Aluminum

By Product

Pouches
Bags
Films and wraps
Others

This study identifies the increasing use of stand-up pouches as one of the prime reasons driving the flexible packaging market in India growth during the next few years. Also, growing popularity of aseptic packaging in India and rising demand for single-serve and multi-packs will lead to sizable demand in the market.

The report on the flexible packaging market in India covers the following areas:

Flexible packaging market in India sizing
Flexible packaging market in India forecast
Flexible packaging market in India industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading flexible packaging market in India vendors that include Amcor Plc, 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, Paharpur 3P, Polyplex Corp. Ltd., Pouch Makers Canada Inc., SOLOS POLYMERS PVT. LTD., Sonoco Products Co., Tetra Pak Group, TPCL Packaging Ltd., UFlex Ltd., and Uma Polymers Ltd.. Also, the flexible packaging market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR41571

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 Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 14: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on India: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Flexible packaging market in India 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on flexible packaging market in India 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Material Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - Material Segment 2018 - 2022 ($ billion)
4.4 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 27: Chart on End-user - Market share 2023-2028 (%)
Exhibit 28: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 29: Chart on Comparison by End-user
Exhibit 30: Data Table on Comparison by End-user
6.3 Food and beverage industry - Market size and forecast 2023-2028
Exhibit 31: Chart on Food and beverage industry - Market size and forecast 2023-2028 ($ billion)
Exhibit 32: Data Table on Food and beverage industry - Market size and forecast 2023-2028 ($ billion)
Exhibit 33: Chart on Food and beverage industry - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Food and beverage industry - Year-over-year growth 2023-2028 (%)
6.4 Pharmaceutical industry - Market size and forecast 2023-2028
Exhibit 35: Chart on Pharmaceutical industry - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Data Table on Pharmaceutical industry - Market size and forecast 2023-2028 ($ billion)
Exhibit 37: Chart on Pharmaceutical industry - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Pharmaceutical industry - Year-over-year growth 2023-2028 (%)
6.5 Personal care industry - Market size and forecast 2023-2028
Exhibit 39: Chart on Personal care industry - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Data Table on Personal care industry - Market size and forecast 2023-2028 ($ billion)
Exhibit 41: Chart on Personal care industry - Year-over-year growth 2023-2028 (%)
Exhibit 42: Data Table on Personal care industry - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 43: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 45: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 46: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by End-user
Exhibit 47: Market opportunity by End-user ($ billion)
Exhibit 48: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Material

7.1 Market segments
Exhibit 49: Chart on Material - Market share 2023-2028 (%)
Exhibit 50: Data Table on Material - Market share 2023-2028 (%)
7.2 Comparison by Material
Exhibit 51: Chart on Comparison by Material
Exhibit 52: Data Table on Comparison by Material
7.3 Plastic - Market size and forecast 2023-2028
Exhibit 53: Chart on Plastic - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Data Table on Plastic - Market size and forecast 2023-2028 ($ billion)
Exhibit 55: Chart on Plastic - Year-over-year growth 2023-2028 (%)
Exhibit 56: Data Table on Plastic - Year-over-year growth 2023-2028 (%)
7.4 Paper - Market size and forecast 2023-2028
Exhibit 57: Chart on Paper - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Data Table on Paper - Market size and forecast 2023-2028 ($ billion)
Exhibit 59: Chart on Paper - Year-over-year growth 2023-2028 (%)
Exhibit 60: Data Table on Paper - Year-over-year growth 2023-2028 (%)
7.5 Aluminum - Market size and forecast 2023-2028
Exhibit 61: Chart on Aluminum - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Data Table on Aluminum - Market size and forecast 2023-2028 ($ billion)
Exhibit 63: Chart on Aluminum - Year-over-year growth 2023-2028 (%)
Exhibit 64: Data Table on Aluminum - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Material
Exhibit 65: Market opportunity by Material ($ billion)
Exhibit 66: Data Table on Market opportunity by Material ($ billion)

8 Market Segmentation by Product

8.1 Market segments
Exhibit 67: Chart on Product - Market share 2023-2028 (%)
Exhibit 68: Data Table on Product - Market share 2023-2028 (%)
8.2 Comparison by Product
Exhibit 69: Chart on Comparison by Product
Exhibit 70: Data Table on Comparison by Product
8.3 Pouches - Market size and forecast 2023-2028
Exhibit 71: Chart on Pouches - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Pouches - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Pouches - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Pouches - Year-over-year growth 2023-2028 (%)
8.4 Bags - Market size and forecast 2023-2028
Exhibit 75: Chart on Bags - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Bags - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Bags - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Bags - Year-over-year growth 2023-2028 (%)
8.5 Films and wraps - Market size and forecast 2023-2028
Exhibit 79: Chart on Films and wraps - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Films and wraps - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Films and wraps - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Films and wraps - Year-over-year growth 2023-2028 (%)
8.6 Others - Market size and forecast 2023-2028
Exhibit 83: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Others - Year-over-year growth 2023-2028 (%)
8.7 Market opportunity by Product
Exhibit 87: Market opportunity by Product ($ billion)
Exhibit 88: Data Table on Market opportunity by Product ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 89: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 90: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 91: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 92: Overview on factors of disruption
11.4 Industry risks
Exhibit 93: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 94: Vendors covered
12.2 Market positioning of vendors
Exhibit 95: Matrix on vendor position and classification
12.3 Amcor Plc
Exhibit 96: Amcor Plc - Overview
Exhibit 97: Amcor Plc - Business segments
Exhibit 98: Amcor Plc - Key news
Exhibit 99: Amcor Plc - Key offerings
Exhibit 100: Amcor Plc - Segment focus
12.4 Berry Global Inc.
Exhibit 101: Berry Global Inc. - Overview
Exhibit 102: Berry Global Inc. - Business segments
Exhibit 103: Berry Global Inc. - Key news
Exhibit 104: Berry Global Inc. - Key offerings
Exhibit 105: Berry Global Inc. - Segment focus
12.5 Constantia Flexibles Group GmbH
Exhibit 106: Constantia Flexibles Group GmbH - Overview
Exhibit 107: Constantia Flexibles Group GmbH - Product / Service
Exhibit 108: Constantia Flexibles Group GmbH - Key news
Exhibit 109: Constantia Flexibles Group GmbH - Key offerings
12.6 Cosmo Films Ltd.
Exhibit 110: Cosmo Films Ltd. - Overview
Exhibit 111: Cosmo Films Ltd. - Product / Service
Exhibit 112: Cosmo Films Ltd. - Key offerings
12.7 GARWARE HI TECH FILMS Ltd.
Exhibit 113: GARWARE HI TECH FILMS Ltd. - Overview
Exhibit 114: GARWARE HI TECH FILMS Ltd. - Product / Service
Exhibit 115: GARWARE HI TECH FILMS Ltd. - Key offerings
12.8 Huhtamaki Oyj
Exhibit 116: Huhtamaki Oyj - Overview
Exhibit 117: Huhtamaki Oyj - Business segments
Exhibit 118: Huhtamaki Oyj - Key news
Exhibit 119: Huhtamaki Oyj - Key offerings
Exhibit 120: Huhtamaki Oyj - Segment focus
12.9 Jindal Poly Films Ltd.
Exhibit 121: Jindal Poly Films Ltd. - Overview
Exhibit 122: Jindal Poly Films Ltd. - Business segments
Exhibit 123: Jindal Poly Films Ltd. - Key offerings
Exhibit 124: Jindal Poly Films Ltd. - Segment focus
12.10 Multiflex Packaging India
Exhibit 125: Multiflex Packaging India - Overview
Exhibit 126: Multiflex Packaging India - Product / Service
Exhibit 127: Multiflex Packaging India - Key offerings
12.11 Packone Solutions LLP
Exhibit 128: Packone Solutions LLP - Overview
Exhibit 129: Packone Solutions LLP - Product / Service
Exhibit 130: Packone Solutions LLP - Key offerings
12.12 Paharpur 3P
Exhibit 131: Paharpur 3P - Overview
Exhibit 132: Paharpur 3P - Product / Service
Exhibit 133: Paharpur 3P - Key offerings
12.13 Polyplex Corp. Ltd.
Exhibit 134: Polyplex Corp. Ltd. - Overview
Exhibit 135: Polyplex Corp. Ltd. - Product / Service
Exhibit 136: Polyplex Corp. Ltd. - Key offerings
12.14 Pouch Makers Canada Inc.
Exhibit 137: Pouch Makers Canada Inc. - Overview
Exhibit 138: Pouch Makers Canada Inc. - Product / Service
Exhibit 139: Pouch Makers Canada Inc. - Key offerings
12.15 SOLOS POLYMERS PVT. LTD.
Exhibit 140: SOLOS POLYMERS PVT. LTD. - Overview
Exhibit 141: SOLOS POLYMERS PVT. LTD. - Product / Service
Exhibit 142: SOLOS POLYMERS PVT. LTD. - Key offerings
12.16 Sonoco Products Co.
Exhibit 143: Sonoco Products Co. - Overview
Exhibit 144: Sonoco Products Co. - Business segments
Exhibit 145: Sonoco Products Co. - Key offerings
Exhibit 146: Sonoco Products Co. - Segment focus
12.17 Tetra Pak Group
Exhibit 147: Tetra Pak Group - Overview
Exhibit 148: Tetra Pak Group - Business segments
Exhibit 149: Tetra Pak Group - Key news
Exhibit 150: Tetra Pak Group - Key offerings
Exhibit 151: Tetra Pak Group - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 152: Inclusions checklist
Exhibit 153: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 154: Currency conversion rates for US$
13.4 Research methodology
Exhibit 155: Research methodology
Exhibit 156: Validation techniques employed for market sizing
Exhibit 157: Information sources
13.5 List of abbreviations
Exhibit 158: List of abbreviations