Market Share of India Plastic Packaging Industry
As the demand for plastic packaging is increasing significantly in India, the market is fragmented. Large, dominant players in the market include Aptar Group Inc., Uflex Limited, Berry Global, Sealed Air Corporation, and Constantia Flexibles. These companies keep innovating and entering into strategic partnerships to retain their market share. For instance,
- In April 2024, Manjushree Technopack Limited entered into definitive agreements to acquire Oricon Enterprises Ltd's plastic packaging business for an enterprise value of INR 520 crores (USD 6.29 million). The acquired company included Oriental Containers, a manufacturer of plastic containers and closures used primarily in beverages. With an installed capacity of nearly 15 billion pieces per year, this transaction will double MTL's current market share in the cap and closure sector.
- In December 2023, Aptar Pharma, a wholly owned subsidiary of the US-based Aptar Corporation, established its new manufacturing facility in Mumbai, India, to increase production capacity for Southeast Asian markets. Its production capabilities have been further enhanced to improve the manufacturing capacity of pharmaceutical customers in Southeast Asia and to offer more innovative product solutions.
India Plastic Packaging Market Leaders
-
Jindal Poly Films Limited
-
Uflex Limited
-
Aptar Group Inc.
-
Berry Global Group, Inc.
-
Amcor Group GmbH
*Disclaimer: Major Players sorted in no particular order
.webp)
