India Flexible Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 18.31 Billion |
| Market Size (2029) | USD 31.51 Billion |
| CAGR (2024 - 2029) | 11.46 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
India Flexible Packaging Market Analysis
The India Flexible Packaging Market size is estimated at USD 18.31 billion in 2024, and is expected to reach USD 31.51 billion by 2029, growing at a CAGR of 11.46% during the forecast period (2024-2029). In terms of market size, the market is expected to grow from 11.5 million tonnes in 2024 to 19.40 million tonnes by 2029, at a CAGR of 11.02% during the forecast period (2024-2029).
- The increasing demand for lightweight and convenient packaging solutions is a primary driver, as consumers seek products that are easy to handle and store. Rising consumer awareness of sustainability issues has also led to a preference for eco-friendly packaging options. Technological advancements in the packaging industry have significantly improved shelf life and product protection, making flexible packaging more attractive to manufacturers.
- Flexible packaging's adaptability to various shapes and sizes allows for versatile product presentations, while its cost-effectiveness appeals to businesses looking to optimize their packaging expenses. In addition, the ease of transport associated with flexible packaging contributes to its growing popularity in the Indian market. These factors collectively contribute to expanding the flexible packaging sector in India as industries increasingly adopt these solutions to meet consumer preferences and operational needs.
- Flexible plastic packaging dominates India's plastic packaging market, comprising 75% of total usage. The FMCG sector prefers this packaging type for its versatility and cost-effectiveness. Small-scale manufacturers, focusing on cost, produce diverse multi-layered packaging compositions. This results in a wide range of non-recyclable flexible packaging entering the market.
- Companies are increasing their production capabilities in India in response to the growing demand for pouches, bags, and films. This expansion reflects the market's positive trajectory and the industry's efforts to meet consumer needs. As the Indian market continues to show strong demand for these packaging products, manufacturers are strategically scaling up their operations to capitalize on this trend and maintain a competitive edge in the region.
- In April 2023, SIG, a packaging solutions provider, announced the opening of its second production plant in Palghar, India. This facility manufactures SIG's bag-in-box and spouted pouch packaging, previously marketed under the Scholle IPN and Bossar brands. Located 90km north of Mumbai and near SIG's first Palghar plant, the new facility houses production assets for manufacturing components and finished packaging. These include blown film extruders, injection molding cells, bag-in-box manufacturing machines, and a mold-making facility for packaging fitments and closures for both bag-in-box and spouted pouches.
- Flexible packaging was crucial in supporting India's e-commerce sector during the pandemic. In the post-pandemic period, the demand for flexible packaging has increased significantly, expanding business opportunities and driving growth in the printing and packaging industry. The e-commerce boom has influenced flexible packaging sectors, including food, pharmaceutical, cosmetics, etc.
- The continued expansion of e-commerce is expected to further boost the demand for flexible packaging in 2024 and beyond. According to the India Brand Equity Foundation (IBEF), an organization under the Ministry of Commerce, India's e-commerce sector is projected to reach USD 200 billion in revenue by 2026. This growth is primarily attributed to the country's increasing penetration of internet services and smartphones.
- Evolving regulations, spurred by growing environmental concerns, present a challenge to India's flexible plastic packaging market. Responding to public pressure over plastic waste, the government is implementing strict rules to reduce environmental impact and improve waste management. In 2022, India banned the production, import, storage, distribution, sale, and use of specific single-use plastic items. This action is significant in the country's efforts to combat plastic pollution. However, these regulations may restrict the use of flexible plastics nationwide.
India Flexible Packaging Market Trends
Pouches to Hold Significant Market Share
- Pouches have become a versatile and environmentally friendly packaging option, meeting consumer and manufacturer needs. In recent years, significant improvements in pouch technology have been driven by increased focus on sustainability, technological advancements, and design flexibility.
- Pouches are widely used in various segments of the food and beverage industry, such as pet food, baby food, and liquid packaging (including tea, coffee, and juices). Their popularity stems from features like easy opening (through tear notches and laser perforations), user-friendliness (with zippers and customizable shapes), and reseal ability. Furthermore, their chemical inertness has extended their use beyond food into the pharmaceuticals, pet care, and cosmetics industries.
- The increasing demand for small packs has driven growth in the flexible pouch segment, aligning with the trend toward smaller-quantity packaging. India's transition from food scarcity to abundance presents significant opportunities for expanding its food processing capabilities. The country's food processing sector has experienced substantial growth, increasing its annual contributions to the global food trade. Urban areas are witnessing a notable increase in the consumption of processed foods, particularly ready-to-eat items and snacks. According to the India Brand Equity Foundation, annual household consumption of processed foods in India is expected to triple by 2030, reinforcing the country's position as a highly attractive market.
- The rising demand for convenient, portable, and single-serve food and beverage items aligns with modern, fast-paced lifestyles. Pouches, being lightweight and resealable, effectively meet this demand. Their versatility and ease of use make them increasingly popular among consumers seeking on-the-go options. In 2023, the retail sales value of chocolate pouches and bags in India exceeded USD 250 million, reflecting the growing preference for this packaging format.
- This figure is projected to reach approximately USD 458 million by 2028, with a compound annual growth rate of 12.3%. The substantial growth forecast underscores the continued expansion of the pouch market in India, driven by changing consumer preferences and pouches' adaptability to various product categories.
- Furthermore, stand-up pouches are evolving significantly, driven by sustainability imperatives, innovative packaging advancements, and printing innovations. Brands choosing biodegradable and compostable materials demonstrate their environmental commitment and appeal to the growing eco-conscious consumer base. Several factors contribute to this growth. For instance, in August 2023, Ferrero Rocher Moments revamped its packaging in India with pouches made in factory-packed hangsells and shelf-ready dispensers for modern and traditional trade and e-commerce platforms. The new packs maintain the premium essence and design codes of the original Ferrero Rocher through gold-colored packaging and contemporary design patterns.
Food Segment Expected to Hold Significant Share in the Market
- The online grocery market in India was valued at over USD 4.79 billion in 2022. It is projected to reach USD 14.1 billion by 2024. This growth is driven by the expanding e-commerce sector in India and increasing demand for online grocery products. Key categories contributing to this growth include dairy products, baked goods, frozen foods, fresh produce, snacks, ready-to-eat, baby food, and pet food products. The rise in these product categories subsequently creates demand for innovative, flexible packaging solutions in India.
- Confectionery manufacturers seek lightweight, protective, visually appealing packaging with high barrier properties. This trend is expected to drive sales in the confectionery packaging market. The multi-sensory aspect of confectionery packaging attracts purchases and significantly influences the market’s growth. Packaging is crucial in product differentiation and brand recognition, especially in the competitive confectionery sector. Manufacturers invest in innovative packaging solutions that preserve products and enhance shelf appeal and consumer engagement.
- Flexible packaging, preferred by consumers and producers of baked goods and snacks, offers superior convenience. Consumers particularly appreciate its reseal ability and ease of use, especially for products like cookies and bread that are often consumed over multiple occasions. This type of packaging addresses the need for freshness preservation and portion control, aligning with modern lifestyle demands. In addition, flexible packaging often requires less material, potentially reducing environmental impact and transportation costs, which are increasingly important factors for consumers and manufacturers in the food industry.
- Flexible packaging for frozen foods must ensure high product safety from production to consumption. These materials are designed to withstand extreme cold, maintaining packaging integrity. The increasing consumption of frozen fish, chicken, and other meats drives demand for packaging materials. Flexible packaging is preferred for its ability to protect against contaminants, preserve freshness, and provide convenient storage, making it particularly suitable for meat products.
- According to Ministry of Commerce & Industry data in June 2023, Frozen Fish became a leading export, generating INR 5,503.18 crore (USD 687.05 million). This year saw a significant increase in Frozen Fish exports: quantities rose by 62.65%, while Rupee and USD values increased by 58.51% and 45.73%, respectively. This growth in frozen fish exports is expected to drive demand for various flexible packaging formats across the country in the coming years.
India Flexible Packaging Industry Overview
The Indian Flexible Packaging market is fragmented, with significant players such as Uflex Limited, Cosmo Films Ltd, and JPFL Films Pvt. Ltd (Jindal Poly Films Limited), Jupiter Laminators Pvt. Ltd, and others. The country's companies are forming partnerships and mergers to increase their market share.
India Flexible Packaging Market Leaders
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Uflex Limited
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Cosmo Films Ltd
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JPFL films Pvt. Ltd (Jindal Poly Films Limited)
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Jupiter Laminators Pvt Ltd
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Purity Flexipack Pvt Ltd.
*Disclaimer: Major Players sorted in no particular order
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India Flexible Packaging Market News
- May 2024 - UFlex packaging films division has introduced 'B-UUB-M,' a high-performance barrier metalized BOPP film designed for packaging dry fruits, beverages, snacks, confectionery, and bakery products. This film offers an exceptional oxygen transmission rate (<0.1cc/m2/day) and moisture barrier (<0.05 gm/m2/day), ensuring extended product freshness and quality. It also provides effective aroma retention and migration prevention. The film's features include strong metal adhesion, chlorine-free PVDC coating, and the ability to replace aluminum foil, making it a versatile and more sustainable option. In addition, it is compatible with high-speed processing equipment.
- March 2024 - TOPPAN Inc. (TOPPAN), a subsidiary of TOPPAN Holdings Inc., and its India-based affiliate, TOPPAN Speciality Films Private Limited (TSF), have jointly developed GL-SP, a barrier film utilizing biaxially oriented polypropylene (BOPP) as its substrate.
India Flexible Packaging Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption 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 with Emphasis on Circular Economy
- 4.3 India Flexible Packaging Market - PESTEL Analysis
- 4.4 Packaging Industry Landscape in India and Key Trends
- 4.5 Packaging Regulations, Policies, and Subsidies in India and Key Changes Impacting the Packaging Operations
5. MARKET DYNAMICS
- 5.1 Market Drivers & Restraints Analysis
- 5.2 Demand Analysis and Industry Trends
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5.3 Demand Split for Flexible Packaging (%)
- 5.3.1 Organized vs. Unorganized
- 5.3.2 Direct vs. Indirect/Dealers Sales
- 5.4 Printing Technology Trends for Flexible Packaging
- 5.5 Production Trends over the Past Three Years for Key Flexible Packaging Formats
- 5.6 Raw Material Analysis for Flexible Packaging - Plastic Resins, Paper, & Aluminum Foil
- 5.7 Trade Scenario for Flexible Packaging
6. MARKET SEGMENTATION
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6.1 By Material Type
- 6.1.1 Plastic
- 6.1.1.1 Polyethylene (PE)
- 6.1.1.2 Bi-orientated Polypropylene (BOPP)
- 6.1.1.3 Cast polypropylene (CPP)
- 6.1.1.4 Polyvinyl Chloride (PVC)
- 6.1.1.5 Ethylene Vinyl Alcohol (EVOH)
- 6.1.1.6 Other Plastics (BoPET, Polyamide, Bioplastics, etc.)
- 6.1.2 Paper
- 6.1.3 Aluminum Foil
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6.2 By Product Type
- 6.2.1 Pouches
- 6.2.2 Bags
- 6.2.3 Films & Wraps
- 6.2.4 Other Product Types (Sachets, Sleeves, Blister Packs, Liners, Laminates, etc.)
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6.3 By End-use Industries
- 6.3.1 Food
- 6.3.1.1 Dairy Products
- 6.3.1.2 Baked Goods
- 6.3.1.3 Frozen Foods
- 6.3.1.4 Fresh Produce
- 6.3.1.5 Snacks & RTE Food Products
- 6.3.1.6 Other Food Products (Baby Food, Pet Food, etc.)
- 6.3.2 Beverage (Juices, Energy Drinks, Milk, etc.)
- 6.3.3 Pharmaceutical & Healthcare
- 6.3.4 Personal Care & Cosmetics
- 6.3.5 Household Care
- 6.3.6 Tobacco
- 6.3.7 Other End-Use Industries (Chemicals, Agriculture, etc.)
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6.4 By Region
- 6.4.1 East
- 6.4.2 West
- 6.4.3 North
- 6.4.4 South
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 Uflex Limited
- 7.1.2 Polyplex Corporation Limited
- 7.1.3 Cosmo Films Ltd
- 7.1.4 JPFL films Pvt. Ltd (Jindal Poly Films Limited)
- 7.1.5 Purity Flexipack Pvt Ltd.
- 7.1.6 Paharpur 3P
- 7.1.7 Jupiter Laminators Pvt Ltd
- 7.1.8 Safepack Solutions
- 7.1.9 Swiss Pac Pvt Ltd.
- 7.1.10 Huhtamaki Oyj
- 7.1.11 Solos Polymers Pvt. Ltd.
- 7.1.12 ESTER INDUSTRIES LIMITED
- 7.2 List of Customers by Region in India
- 7.3 List of Major Unorganized Market Players in India by Region
8. SUSTAINABILITY TRENDS FOR INDIA PACKAGING INDUSTRY
9. FUTURE OUTLOOK OF THE MARKET
** Subject To AvailablityIndia Flexible Packaging Industry Segmentation
Flexible packaging refers to packaging that can easily change shape when filled or during use. It is typically made from plastic films, foils, papers, or combinations. This packaging format offers advantages like lightweight construction, customizable designs, and efficient storage and transportation. Flexible packaging is widely used for various products, including food, beverages, personal care items, and household goods. The versatility of flexible packaging allows it to adapt to different product sizes and shapes, making it suitable for a wide range of industries. Its ability to extend shelf life, reduce material waste, and lower transportation costs has increased popularity in the packaging industry.
The Indian flexible packaging market is segmented by material type (plastic [polyethylene (PE), bi-orientated polypropylene (BOPP), cast polypropylene (CPP), polyvinyl Chloride (PVC), ethylene vinyl alcohol (EVOH) and other plastics [BoPET, polyamide, bioplastics, etc.], paper, and aluminum foil), product type (pouches, bags, films and wraps, and other product types [sachets, sleeves, blister packs, liners, laminates, etc]), end-user industries (food [dairy products, baked goods, frozen foods, fresh produce, snacks & RTE food Products and other food products {baby food, pet food, etc.}], beverage[juices, energy drinks, milk, etc.], pharmaceutical & healthcare, personal care & cosmetics, household, tobacco, and other end-user industries [chemicals, agriculture, etc.]) and by region (east, west, north and south). The market sizes and forecasts are provided in terms of value (USD) and volume (units) for all the above segments.
| By Material Type | Plastic | Polyethylene (PE) |
| Bi-orientated Polypropylene (BOPP) | ||
| Cast polypropylene (CPP) | ||
| Polyvinyl Chloride (PVC) | ||
| Ethylene Vinyl Alcohol (EVOH) | ||
| Other Plastics (BoPET, Polyamide, Bioplastics, etc.) | ||
| By Material Type | Paper | |
| Aluminum Foil | ||
| By Product Type | Pouches | |
| Bags | ||
| Films & Wraps | ||
| Other Product Types (Sachets, Sleeves, Blister Packs, Liners, Laminates, etc.) | ||
| By End-use Industries | Food | Dairy Products |
| Baked Goods | ||
| Frozen Foods | ||
| Fresh Produce | ||
| Snacks & RTE Food Products | ||
| Other Food Products (Baby Food, Pet Food, etc.) | ||
| By End-use Industries | Beverage (Juices, Energy Drinks, Milk, etc.) | |
| Pharmaceutical & Healthcare | ||
| Personal Care & Cosmetics | ||
| Household Care | ||
| Tobacco | ||
| Other End-Use Industries (Chemicals, Agriculture, etc.) | ||
| By Region | East | |
| West | ||
| North | ||
| South |
India Flexible Packaging Market Research FAQs
How big is the India Flexible Packaging Market?
The India Flexible Packaging Market size is expected to reach USD 18.31 billion in 2024 and grow at a CAGR of 11.46% to reach USD 31.51 billion by 2029.
What is the current India Flexible Packaging Market size?
In 2024, the India Flexible Packaging Market size is expected to reach USD 18.31 billion.
Who are the key players in India Flexible Packaging Market?
Uflex Limited, Cosmo Films Ltd, JPFL films Pvt. Ltd (Jindal Poly Films Limited), Jupiter Laminators Pvt Ltd and Purity Flexipack Pvt Ltd. are the major companies operating in the India Flexible Packaging Market.
What years does this India Flexible Packaging Market cover, and what was the market size in 2023?
In 2023, the India Flexible Packaging Market size was estimated at USD 16.21 billion. The report covers the India Flexible Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Flexible Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Flexible Packaging Industry Report
Statistics for the 2024 India Flexible Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Flexible Packaging analysis includes a market forecast outlook for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
