Bharat Book Bureau Provides the Trending Market Research Report on “Flexible Packaging Market in India 2022-2027” under Heavy Industry Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports. India Flexible Packaging Market, Forecast 2022-2027 Market insights: The food and beverages industry is shifting preferences in favor of using flexible pouches for products, such as soups and juices, which have high liquid content. Flexible packaging is also used for products, such as snacks, frozen foods, ready-to-eat, and ready-to-cook food items. These are the major factors for the growth of the Indian flexible packaging market. Moreover, due to an increase in per capita income, India is witnessing a rise in the consumption of packaged foods, which, as a result, is expected to fuel the demand for flexible packaging in the upcoming years. The flexible packaging market in India was valued at INR 615.27 Bn in FY 2021 and is expected to reach INR 1491.56 Bn by FY 2027, expanding at a compound annual growth rate (CAGR) of ~13.12% during the FY 2022- FY 2027 period Segment insights: Based on the raw materials used, the flexible packaging market can be segmented into flexible plastic, paper, and foil packaging. The flexible plastic packaging segment accounts for the largest share. Plastic can be modified by co-polymerization and uses additives to match the exact commodity requirement, thereby making it the most suitable raw material. The most used raw materials for plastic packaging are polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). PE finds application in diverse industries and accounts for the largest share of the flexible plastic packaging segment. COVID-19 Impact Analysis: The lockdown had a mixed impact on flexible packaging players, depending on the portfolios of different end-user industries. The industry segments catering to essential services, such as fresh and processed food, hygiene and home care products, healthcare consumables, and e-commerce, witnessed a spike in demand for flexible packaging services, whereas the non-essential segments experienced a short-term contraction in demand. However, there were many consequences the industry had to face, such as: •Raw material price fluctuation: As polyethylene and polypropylene (the most significantly used raw material for the flexible packaging industry) are produced domestically and not imported; therefore, there is limited scope for raw material price fluctuation •Halt in production: Due to the lockdown, demand for food and pharmaceuticals, two important downstream businesses, unexpectedly increased. This had a ripple effect on the demand for flexible packaging •Disruption in the supply chain: Restrictions on road movement across state borders had impacted the domestic supply chain in the short term. Also, with the closing down of major ports in China, global disruption in the supply chain has affected the Indian flexible packaging industry Competitive insights: The FMCG industry involves production and sales of products including food and beverage, personal care, tobacco, and household care, which offer the biggest opportunity for the flexible packaging industry. Apart from traditional demands, India’s leading flexible packaging companies like Cosmo Films Limited, Essel Propack Limited, Jindal Poly Films Limited, and TCPL Packaging Limited, among others are serving the growing demands from e-commerce shipments. Browse our full report with Table of Content : https://www.bharatbook.com/report/1385820/flexible-packaging-market-in-india About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ sub sectors. Contact us at: Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com Website: www.bharatbook.com
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