Market Share of India Paper Packaging Industry
The Indian paper packaging market is fragmented with the presence of a large number of players offering solutions in the country, which include West Rock India, Trident Paper Box Industries, TGI Packaging Pvt. Ltd., TCPL Packaging, and Kapco Packaging. These players are undergoing strategic initiatives such as mergers, acquisitions, collaborations, and expansions.
- February 2024: JK Paper Limited acquired Manipal Utility Packaging Solutions Private Limited, a company specializing in folding cartons, corrugated boxes, and labels in India, for around INR 800 million. This strategic move is aimed at bolstering JK Paper's offerings in secondary and tertiary packaging while also enhancing operational efficiency.
- November 2023: Rengo Co. Ltd secured a 30% stake in Velvin Containers Private Limited, an India-based manufacturer specializing in corrugated packaging. Following the acquisition, the firm rebranded itself as Velvin Rengo Containers Private Limited. The company is part of Velvin Group, which manufactures and distributes corrugated packaging, paper bags, and paper cups across key markets in Mumbai, Goa, and Pune, situated in western India. The company was in the process of constructing a corrugated plant, with plans to commence partial operations by March 2024.
India Paper Packaging Market Leaders
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West Rock India (West Rock Company)
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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 (Oji Holdings Corporation)
*Disclaimer: Major Players sorted in no particular order
