India Plastic Packaging Film Market Size (2024 - 2029)

India Plastic Packaging Film Market Analysis

The India Plastic Packaging Film Market size in terms of shipment volume is expected to grow from 1.81 Million tonnes in 2024 to 2.57 Million tonnes by 2029, at a CAGR of 7.26% during the forecast period (2024-2029).

• India's growing appetite for packaged food and the simultaneous upsurge in pharmaceutical production, aimed at bolstering the nation's medicine supply, are pivotal factors propelling the demand for plastic packaging films. This encompasses both flexible and rigid films.
• Plastic packaging films, made predominantly from polypropylene and polyethylene, offer excellent moisture protection. These films are used extensively in packaging food and beverage items, ranging from non-alcoholic drinks to meat and seafood products. Constant innovation is taking center stage in the food and beverage sector, driven by the surging demand for processed and packaged foods in India.
• The market faces significant challenges, primarily driven by the evolving regulatory standards in response to mounting environmental concerns. The Indian Government is actively addressing public awareness of plastic packaging waste by enacting stringent regulations to curb environmental harm and enhance waste management. This heightened awareness of single-use plastics' environmental repercussions prompts consumers to seek products with reduced environmental footprint and elevated sustainability standards.
• Flexible films offer many advantages, such as reducing production costs, enhancing sustainability, enabling easy recyclability, and more customization options. Since end users across the market are gravitating toward eco-friendly product packaging options, there is a robust shift in demand from rigid plastic packaging to lightweight and sustainable flexible films for packaging.
• With India witnessing a notable surge in milk production and consumption, the demand for flexible packaging in the dairy industry has soared. These solutions are tailored to meet the specific needs of the dairy industry, offering robust advantages.
• According to the USDA Foreign Agricultural Service, in 2023, India's domestic milk consumption surpassed 207 million metric tons, marking a rise from the previous year's 202 million metric tons. This trend is expected to continue in the coming years, contributing to the demand for flexible packaging films for dairy products. Flexible packaging films play a pivotal role in maintaining product freshness and prolonging shelf life in the dairy industry; thus, with the growth of the dairy industry, the demand for packaging films will also increase.

India Plastic Packaging Film Industry Segmentation

Plastic films are thin, continuous materials typically wound on a core or cut into sheets. The study tracks the demand for converted packaging films across the major resin and application types. The analysis delves into various film types, including polypropylene (PP), polyethylene film (PE), polyethylene terephthalate films (PET), polystyrene films (PS), bio-based, and other variants. The segmentation extends to encompass end-user industries.

The Indian plastic packaging film market is segmented by type (polypropylene (biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP)), polyethylene (low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE)), polyethylene terephthalate (biaxially oriented polyethylene terephthalate (BOPET)), polystyrene, bio-based, and PVC, EVOH, PETG, and other film types) and end user (food [candy & confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products], healthcare, personal care & home care, industrial packaging, and other end users). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.