Market Share of India Paper And Paperboard Packaging Industry
The Indian paper packaging industry is highly fragmented and has many players. With the rising demand for packaging applications, many companies are expanding their market presence by increasing their production facilities and product portfolio. The largest companies in this market include WestRock India, Trident Paper Box Industries, TGI Packaging Pvt. Ltd, Kapco Packaging, and Avon Pacfo Services LLP.
In February 2023, SIG announced the construction of its first aseptic carton plant in India, the world’s largest milk market and one of the largest juice-producing countries globally. SIG revealed that it will invest approximately EUR 60 million (USD 64.94 million) from 2023 to 2025 to reach a production capacity of 4 billion packs per annum. Subsequent investments could increase capacity by up to 10 billion packs per annum.
In March 2023, the India-based folding carton specialist, Parksons Packaging acquired MK Printpack, a folding carton producer, focusing on markets such as pharmaceuticals, food and drink, personal care, and toys. Through this acquisition, Parksons intends to leverage MK Printpack’s expertise in manufacturing “high-quality micro flute cartons” by using its extensive format printing capability. It has strategically located manufacturing facilities in Haridwar and Gujarat, as well as a pharma packaging-focused facility in Daman.
India Paper And Paperboard Packaging Market Leaders
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WestRock India
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Trident Paper Box Industries
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TGI Packaging Pvt. Ltd.
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Kapco Packaging
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OJI India Packaging Pvt. Ltd
*Disclaimer: Major Players sorted in no particular order
