India Flexible Plastic Packaging Market Size (2024 - 2029)

India Flexible Plastic Packaging Market Analysis

The India Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 4.96 Million tonnes in 2024 to 6.11 Million tonnes by 2029, at a CAGR of 4.26% during the forecast period (2024-2029).

India's market growth hinges on factors such as a pivot toward flexible packaging to combat steep logistics costs, a burgeoning retail landscape, and a rising need for digitally printed packaging.

India's retail sector, among the world's swiftest, spearheads this surge. It is fueled by shifting demographics, surging incomes, urbanization, and evolving consumer preferences. The market's upswing is driven by a noticeable shift, particularly among millennials, from stores to online platforms.

Flexible packaging has become India's packaging industry, reshaping how products are packaged, stored, and shipped. Its adaptability, cost-efficiency, and eco-friendliness have made it a standout choice across sectors, notably in food and beverages, healthcare, and personal care.

India's flexible plastic packaging market thrives, propelled by several key factors. Firstly, evolving consumer preferences and lifestyles drive the demand for lightweight, convenient packaging. Flexible packaging, with features like resealability and easy opening, perfectly aligns with these modern needs. Moreover, the booming e-commerce landscape is fueling the demand for flexible packaging. As online shopping gains popularity, there is a heightened emphasis on packaging that ensures product safety during transit, stands out visually, and provides essential information.

Further, the sustainability narrative pushes manufacturers and consumers toward eco-conscious choices. Materials like recyclable plastics, bio-based films, and compostable options, prevalent in flexible packaging, are gaining favor for their lower carbon footprint and reduced waste compared to traditional formats.

Flexible packaging emerged as a lifeline for India's e-commerce sector. In the aftermath, the demand for flexible packaging has soared, opening up significant business opportunities and driving growth in the printing and packaging industry. With e-commerce poised for continued growth, projections from the India Brand Equity Foundation (IBEF), a body under the Ministry of Commerce, suggest that India's e-commerce revenues will hit USD 200 billion by 2026, propelled by the expanding reach of internet services and smartphones.

India Flexible Plastic Packaging Industry Segmentation

The study on the Indian flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material. It tracks the market size for respective end-user types. The Indian flexible plastic packaging market estimates include all the costs associated with flexible plastic packaging manufacturing, from raw material procurement to end-use industries. The estimates exclude the cost of the content that is or will be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using bottom-up and top-down approaches for segmentation, and volume has also been considered.

The India Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture ]). The report offers market forecasts and volume (tonnes) for all the above segments.