Market Trends of India Food & Beverage Packaging Industry
This section covers the major market trends shaping the India Food & Beverage Packaging Market according to our research experts:
Rising Demand for Innovative and Sustainable Food Packaging to Drive the Market's Growth
- In India, packaged foods are gaining high traction owing to busy work schedules, the rising number of working women, and the 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.
- Nanofabrication technologies are emerging as ground-breaking solutions throughout the region intending to create active materials for use in the design of packages, coatings, and packaging technologies that help maintain and improve sensory and nutritional characteristics and safety of foodstuffs and increase their shelf life.
- With growing awareness, the requirement for eco-friendly and sustainable packaging is steadily rising. The country is focusing more on sustainable solutions, which is increasingly becoming a business imperative.
- Food outlets, restaurants, hotels, hospitals, industries, caterers, and all other users can get eco-friendly food packaging goods from companies like Evirocor in India. The increased use of eco-friendly packaging is anticipated to fuel the market's expansion.
- Moreover, the country is witnessing a change in government regulations to reduce environmental pollution. Therefore, vendors in the market are introducing innovative and sustainable packaging. For instance, WestRock planned to release a packaging collection from sustainably derived wood fiber in June 2021. When emptied and flattened, WestRock EverGrow packaging is curbside recyclable, furthering the company's goal of reducing waste and developing a product line that is 100% reusable, recyclable, and compostable.
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Growing Usage of Pouches and Bags to Boost the Market's Growth
- One of the categories within flexible packaging that is increasing considerably is pouches and bags. In the food industry, it is the most used type of flexible packaging. As one of the most effective and affordable packaging options, players in the packaged food business are choosing pouch packaging.
- The expansion of plastic pouches is also fueled by their capacity to permit co-polymerization and by adding plasticizers, blowing agents, antibacterial chemicals, and color-changing additives. Pouches are adaptable, portable, and light. Furthermore, improvements in pouch features (such as resealable closures, spouts, and tear notches) and pouch manufacturing technologies (like equipment with improved line speeds) continue to reduce production costs, making pouches more affordable.
- Additionally, producers are emphasizing more on integrating features in items that make life easier for consumers, like zippered closure systems and lightweight options. For instance, Nichrome packages snacks, dry fruits, cereals, pulses, etc., using India's first vertical pouch packaging equipment.
- Moreover, plastic bags are one of the nation's most popular types of plastic packaging. The rise in plastic bags in the nation is mainly due to expanding supermarket chains and Kirana outlets. Plastic carry bags are widely utilized nationwide for bakery, candy, supermarket, and butcher products.
- Additionally, many retail establishments use packaging materials to keep food fresh and maintain its nutritional content. The need for supermarket products, including frozen and chilled meals, will likely rise in the following years, which will help the paper bag industry expand.
