Why India's Packaging Solutions Industry is Booming

1. Why India's Packaging Solutions Industry is Booming: A Deep Dive

3. Being a developing economy with a growing consumer market, India is among the top destinations for new packaging solutions. Growing eCommerce, food delivery businesses & more have driven up packaging consumption in recent years. Packaging industry is now India's 5th largest sector. In this article, we will discuss some of the key factors influencing the packaging solutions industry in India. The Rise of India's Packaging Sector • Market Size and Growth: The Indian packaging industry is estimated to be worth USD 84.37 billion by 2024 and USD 142.56 billion by 2029 at a compound annual growth rate of 11.06% over this period. • Packaging Materials Segment: The segment includes materials like paper, plastic, glass and metal. For example, plastic packaging alone will reach USD 21.77 billion by 2024 and USD 25.35 billion by 2029.​ • Food Packaging Sector: This remains an important sector of the industry expected to reach USD 3.4 billion by 2027.  Mordor Intelligence

4. Key Factors Playing The Role   1.  Sustainable Packaging • The packaging industry of India is moving away from conventional plastics towards modern sustainable methods as per international norms and local laws.  • Material Innovations: Switching from conventional to renewable polylactic acid (PLA) and polyhydroxyalkanoates (PHA) has improved biodegradability. • Closed-loop Systems: Closing loop recycling systems aim to continuously recycle wastes to reduce dependence on new materials and also minimize landfill impact. • Legislative Compliance: Activities involve following the latest changes in the Plastic Waste Management Rules, which require the gradual elimination of single-use plastics and the use of recyclable or compostable packaging materials. 2. Innovative Packaging Technologies • Active and Intelligent Packaging: Addition of smart features in packaging, such as freshness indicators and time-temperature monitors, to help maintain product integrity throughout the supply chain.

5. Edible Packaging: Creation of edible packaging options using natural food ingredients has resulted in decreased waste and providing unique consumer interactions. • Integration of Tech: Utilizing QR codes and NFC technology to offer customers in - depth product details, tracking capabilities, and verification. 3. Expansion in the Food Packaging Sector • Standards set by FSSAI. Not too long ago, the FSSAI placed a strong focus on promoting the usage of environmentally friendly and safe materials for food packaging. Global safety standards are in accordance with these regulations to guarantee the safety and longevity of all materials that interact with food. • Hygiene and Safety: The pandemic raised awareness about hygiene and Safety in food packaging. Consumers today expect packaging that not only safeguards the product but also guarantees minimal contact as well as optimal hygiene throughout the process of handling and delivery. • Online Food Delivery Boom:  Covid-19 also boosted the online food ordering trend. Customers are choosing home delivery of food over conventional dining experiences, which has resulted in a boom in demand for platforms such as Zomato and Swiggy. Hence, tough, tamper-proof and innovative packaging solutions are needed to ensure food safety and quality during delivery.

6. Read our article onCost Reduction Methods for the Food Packaging Industry to learn how to control costs without sacrificing quality or customer safety. 4. Government Initiatives and Policy Impact • The goal of the Pradhan Mantri Kisan SAMPADA Yojana is to improve the food supply chain as well as logistics by upgrading packaging facilities to minimize wastage and improve productivity. • Extended Producer Responsibility (EPR): Implementation of EPR under plastic waste management rules encourages manufacturers to take responsibility for the whole lifecycle of their products - waste management and recycling. • Incentives for Green Packaging: Introduction of tax incentives and subsidies for companies using green packaging to reduce environmental impact. • Standardization of Packaging: Defining high-quality and safety packaging standards in line with international standards. • Learn about the factors to consider when selecting Packaging that meets industry standards in our article; A guide to Choosing the Right packaging solutions brought to you by the leading packaging solutions companies in India. 

7. The Challenges • Environmental Concerns: Despite the push for sustainability, the industry is having trouble managing plastic waste and transitioning to eco-friendly practices, especially in tier-2 and tier -3 cities.  • Lack of Skilled Workforce: Advanced packaging machinery and procedures demands trained and experienced workers who can operate and maintain them effectively. • Regulatory Compliance:  Proper checks and measures need to be outlined. Following rigorous guidelines and protocols, particularly in the food and pharmaceutical industries, is an ongoing responsibility for both the state and private players.  • Find out which challenges pharmaceutical packaging faces - from regulatory hurdles to technological requirements - in the7 key challenges in pharmaceutical packaging analysis. Conclusion: Packaging Solutions with a Purpose • The packaging solutions sector in India is experiencing rapid expansion thanks to economic development, creativity, and an emphasis on environmental responsibility. Meghmani Global, one of the leading packaging material manufacturers, is committed to influencing the future of packaging within India. Over the course of more than 40 years, we have transitioned from our origins in the dyestuff industry to establish a strong presence in the chemical as well as packaging industries.

8. Meghmani Global offers comprehensive packaging solutions for a range of industries such as FMCG, pharmaceuticals, food packaging, and others. Flexible packaging, rigid containers as well as bespoke solutions to individual product requirements are all part of our range. Get in touch with us to find out how our packaging options are able to enhance your brand and help create a far more sustainable world. Get in Touch Email:exports@meghmanidyes.com Contact: +91-79-26812827 Website: https://www.meghmaniglobal.com

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