DUBLIN--(BUSINESS WIRE)--The "India Food & Beverage Packaging Market: Growth, Trends and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The India Food & Beverage Packaging Market (henceforth, referred to as the market studied) is expected to register a CAGR of 5% over the forecast period, 2020-2025. India has seen sustainable packaging growth in Food & Beverage due to the increase of packaged food consumption and awareness, and demand for quality products.

Key Highlights

• The growth of the packaging market in India is largely driven by various logistic applications, technological advancements, as well as the development of the packaging sector across the country.
• Growing usage of packaging material in various food service outlets together with increasing demand for packaged beverage and expanding working class population has given impetus to food & Beverage packaging industry in India.
• The rising purchasing power, due to the growth in per-capita income of the Indian middle-class, is fueling the Indian packaging market in adopting better packaging methods, materials, and machinery, to ensure quality factors for Indian businesses.
• Coronavirus outbreak is expected to have positive impact on the packaging industry over the coming year. The demand for plastic packaging which limits the risk of contamination by reducing the exposure is expected to be favoured.The current scenario of inventory in India is facing scarcity of supplies due to the production shutdown in the countries like India & China which is expected to drive the prices over the coming months and remain in effect till the end of 2020.
• India and China are amongst the largest producers of flexible packaging in the worlds and hold prominent share of the global demand. With the recent lock down in India till 14th April 2020, the supply chain is expected to be influenced significantly.

Key Market Trends

Rising Demand for Innovative and Sustainable Food Packaging to Drive Market Growth

• In India, packaged foods are gaining high traction, owing to busy work schedules, rising number of working women, and shift toward on-the-go consumption, which is, in turn, expected to ascend the utilization of innovative and sustainable packaging across the food sector. This is likely to fuel the market's growth over the forecast period.
• With the aim of developing active materials for the use in the design of packages, coatings, and packaging technologies, which helps in maintaining and improving the sensorial and nutritional characteristics and safety of foodstuffs, as well as increase their shelf life, nanofabrication technologies are emerging as innovative solutions across the region.
• With the growing awareness, the requirement for eco-friendly and sustainable packaging is steadily on the rise.The country is focusing more on sustainable solutions, which is increasingly becoming a business imperative.
• Companies like Evirocor in India are providing eco friendly food packaging products to food outlets, restaurants, hotels, hospitals, factories, caterers, and all other users.The rise in usage of ecofriendly packaging is expected to drive the growth of market.

Growing Proliferation of Online Retailing and Emergence of Omnichannel Presence to Boost Market Growth

• With the increase in the usage of the internet across the country, the penetration of online retailing is growing. According to IBEF, internet users in India are expected to increase from 665.31 million, as of June 2019, to 829 million by 2021.Furthermore, with rise of the omnichannel business model in the country,where one can shop both online and offline, has also boosted India Food & Beverage Packaging Market.
• With the rise in online retailing,online retailers are also launching their own private label brands, thus providing consumers with a much wider choice of products and channels to choose from.The rise in online labels will further boost the food & beverage packaging market as online private labels are expected to grow 1.3 to 1.6 times faster than e-commerce platforms and continue to generate 1.8 to 2 times higher margins than external brands, according to a study by KPMG in India and Retailers Association of India.
• The rising internet penetration, increasing ordering frequency, favourable consumer disposition, expanding reach in smaller tiers and expanding network of restaurants on food-tech platforms pan-India continue to drive momentum in the Food & Beverage Packaging Market.

Competitive Landscape

The Food & Beverage packaging industry in India is moderately competitive, owing to the several players competing to improve their market share. Sustainable competitive advantage can be gained through innovation in design, technology, and application. Companies are increasing their market presence by expanding their business footprint across various end-user markets. Some of the key developments in the market are:

• April 2019 - Tetra Pak announced the launch of its connected packaging platform, which may transform milk and juice cartons into interactive information channels, full-scale data carriers, and digital tools. Driven by the trends behind Industry 4.0, and with code generation, digital printing, and data management at its core, the connected packaging platform may offer new benefits to food producers, retailers, and shoppers.

Key Topics Covered

1. INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.4 Assessment of COVID-19 impact on the Market

5. MARKET DYNAMICS

5.1 Market Drivers

5.1.1. Increasing Penetration of the Processed Food is Expected to Drive the Growth in Packaging

5.1.2 Acceleration in Packaging Machinery Imports, Leading to Proliferation of Food & Beverage Packaging Industry

5.2 Market Restraints

5.2.1 Lack of Exposure to Best Management and Manufacturing Practices

6. INDIA FOOD PACKAGING MARKET SEGMENTATION

6.1 By Material

6.1.1 Plastic

6.1.2 Paperboard

6.1.3 Metal

6.1.4 Glass

6.2 By Type of Product

6.2.1 Pouches and Bags

6.2.2 Bottles and Jars

6.2.3 Trays and Containers

6.2.4 Films and Wraps

6.2.5 Other Types of Product

6.3 By Application

6.3.1 Dairy Products

6.3.2 Meat, Poultry, and Seafood

6.3.3 Bakery and Confectionary

6.3.4 Fruits & Vegetables

6.3.5 Other Applications

7. INDIA BEVERAGE PACKAGING MARKET SEGMENTATION

7.1 By Material

7.1.1 Plastic

7.1.2 Paperboard

7.1.3 Metal

7.1.4 Glass

7.2 By Type of Product

7.2.1 Bottles

7.2.2 Cans

7.2.3 Pouches and Cartons

7.2.4 Caps and Closures

7.2.5 Other Types of product

7.3 By Application

7.3.1 Carbonated Soft Drinks and Fruit Beverages

7.3.2 Beer

7.3.3 Wine and Distilled Spirits

7.3.4 Bottled Water

7.3.5 Milk

7.3.6 Energy and Sports Drinks

7.3.7 Other Applications

8. COMPETITIVE LANDSCAPE - KEY VENDOR PROFILES

8.1 Parekhplast India Limited

8.2 Essel Propack Limited

8.3 Pearl Polymers Ltd.

8.4 TCPL Packaging Ltd.

8.5 Uflex Ltd.

8.6 Haldyn Glass Limited (HGL)

8.7 Piramal Glass Limited

8.8 HSIL Ltd.

8.9 Hindusthan National Glass & Industries Limited (HNGIL)

8.10 Hi-Can Industries Pvt. Ltd.

8.11 Hindustan Tin Works Ltd.

8.12 Deccan Cans & Printers Pvt. Ltd.

8.13 Autofits Packaging Private Limited

8.14 P.R. Packagings Ltd.

8.15 Parksons Packaging Ltd.

8.16 WestRock India Private Limited

9. INVESTMENT ANALYSIS

10. FUTURE MARKET OUTLOOK

For more information about this report visit https://www.researchandmarkets.com/r/9gvbw9

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