Market Size of India Food & Beverage Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 35.93 Billion |
| Market Size (2029) | USD 49.27 Billion |
| CAGR (2024 - 2029) | 6.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Packaging in India Market Analysis
The India Food & Beverage Packaging Market size is estimated at USD 35.93 billion in 2024, and is expected to reach USD 49.27 billion by 2029, growing at a CAGR of 6.52% during the forecast period (2024-2029).
India has seen sustainable packaging growth in food and beverage due to increased packaged food consumption and awareness and demand for quality products.
- India's food and beverage sectors are the main drivers of the packaging market's expansion. Growing investment in the food processing sector is opening up new packaging opportunities due to efforts to reduce agricultural crop waste.
- The expansion of organized retail, the rise in the middle-class population's purchasing power, and exports contribute to the market's growth. As a result, uniform packaging is now required to increase shelf life, maintain production speed, and guarantee quality.
- A greater level of living, increased wealth, and the fast-paced lifestyle of urban areas are all contributing to the expanding trend of online food delivery combined with packaged food. Presenters like Zomato, Swiggy, and Dunzo, among others, are examining the online food delivery business with rising acceptance and packaging innovation.
- The market is expected to be significantly challenged due to dynamic changes in regulatory standards, primarily due to increasing environmental concerns. Governments worldwide have been responding to public concerns regarding plastic packaging waste and implementing regulations to minimize environmental waste and improve waste management processes.
- However, supply chain disruptions owing to the COVID-19 pandemic created hindrances to the market's growth rate. Fluctuations in the prices of raw materials and stringent regulations imposed by the government on the application of plastic may further dampen the market's growth rate. The availability of environmentally friendly alternatives and rising environmental concerns are also anticipated to hamper the market's growth.
Food Packaging in India Industry Segmentation
Increasing organized retail, along with the boom in the e-commerce sector across the Indian food and beverage packaging industry, is growing exponentially. This resulted in thousands of packets being delivered every day across the country and demanded quality packaging of the products.
The Indian food and beverage packaging market is segmented into the food packaging market and the beverage packaging market. The food packaging market is segmented by material (plastic, paperboard, metal, glass), type of product (pouches and bags, bottles and jars, trays and containers, films and wraps, other types of products), and application (dairy products, meat, poultry, and seafood, bakery and confectionary, fruits and vegetables, other applications)). The beverage packaging market is segmented by material (plastic, paperboard, metal, glass), type of product (bottles, cans, pouches and cartons, caps and closures, other types of products), and application (carbonated soft drinks and fruit beverages, beer, wine and distilled spirits, bottled water, milk, energy and sports drinks, other applications).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
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India Food & Beverage Packaging Market Size Summary
The food packaging industry in India is experiencing significant growth, driven by the increasing consumption of packaged foods and beverages. This growth is supported by the expansion of organized retail, rising disposable incomes, and the burgeoning middle-class population, which is boosting demand for quality and convenient packaging solutions. The sector is also benefiting from advancements in packaging technologies, such as nanofabrication, which enhance the sensory and nutritional qualities of food products. The trend towards online food delivery services, facilitated by platforms like Zomato and Swiggy, is further propelling the need for innovative packaging solutions that ensure food safety and extend shelf life. However, the industry faces challenges from regulatory changes aimed at reducing plastic waste and environmental impact, prompting a shift towards sustainable and eco-friendly packaging alternatives.
The market is moderately competitive, with key players like Parekhplast India Limited, Essel Propack Limited, and UFlex Ltd. striving to expand their market presence through strategic acquisitions and the introduction of sustainable packaging solutions. The demand for flexible packaging, particularly pouches and bags, is on the rise due to their cost-effectiveness and versatility. This is complemented by the growing use of plastic bags, driven by the expansion of supermarket chains and retail outlets. Despite supply chain disruptions and fluctuating raw material prices, the market is poised for growth, supported by the increasing adoption of sustainable practices and the development of innovative packaging technologies. The focus on reducing environmental pollution and enhancing waste management processes is expected to shape the future of the food packaging industry in India.
India Food & Beverage Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitutes
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1.3.5 Intensity of Competitive Rivalry
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1.4 Market Drivers
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1.4.1 Increasing Penetration of the Processed Food is Expected to Drive the Growth in Packaging
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1.4.2 Acceleration in Packaging Machinery Imports, Leading to Proliferation of Food and Beverage Packaging Industry
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1.5 Market Restraints
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1.5.1 Lack of Exposure to Best Management and Manufacturing Practices
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1.6 Assessment of COVID-19 Impact on the Industry
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2. MARKET SEGMENTATION
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2.1 India Food Packaging Market Segmentation
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2.1.1 By Material
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2.1.1.1 Plastic
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2.1.1.2 Paperboard
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2.1.1.3 Metal
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2.1.1.4 Glass
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2.1.2 By Type of Product
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2.1.2.1 Pouches and Bags
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2.1.2.2 Bottles and Jars
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2.1.2.3 Trays and Containers
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2.1.2.4 Films and Wraps
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2.1.2.5 Other Types of Products
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2.1.3 By Application
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2.1.3.1 Dairy Products
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2.1.3.2 Meat, Poultry, and Seafood
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2.1.3.3 Bakery and Confectionary
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2.1.3.4 Fruits and Vegetables
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2.1.3.5 Other Applications
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2.2 India Beverage Packaging Market Segmentation
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2.2.1 By Material
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2.2.1.1 Plastic
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2.2.1.2 Paperboard
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2.2.1.3 Metal
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2.2.1.4 Glass
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2.2.2 By Type of Product
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2.2.2.1 Bottles
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2.2.2.2 Cans
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2.2.2.3 Pouches and Cartons
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2.2.2.4 Caps and Closures
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2.2.2.5 Other Types of Products
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2.2.3 By Application
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2.2.3.1 Carbonated Soft Drinks and Fruit Beverages
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2.2.3.2 Beer
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2.2.3.3 Wine and Distilled Spirits
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2.2.3.4 Bottled Water
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2.2.3.5 Milk
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2.2.3.6 Energy and Sports Drinks
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2.2.3.7 Other Applications
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India Food & Beverage Packaging Market Size FAQs
How big is the India Food & Beverage Packaging Market?
The India Food & Beverage Packaging Market size is expected to reach USD 35.93 billion in 2024 and grow at a CAGR of 6.52% to reach USD 49.27 billion by 2029.
What is the current India Food & Beverage Packaging Market size?
In 2024, the India Food & Beverage Packaging Market size is expected to reach USD 35.93 billion.
