Indian packaging industry is growing at a fast pace
Indian packaging propels forward; set for Rs. 95,000 crore turnover by 2015The Indian packaging industry is growing at a fast pace of 11% annually and is estimated tocross the 95,000 crore mark by 2015. The current value of the industry rests at 63,000 crore.The packaging industry has organized to medium to large players as well as unorganized localplayers. The growth indicator for the Indian packaging industry is the food & beverage andpharmaceutical packaging sectors. The coming 3-4 years will witness the growth of the foodprocessing industry in double fold, which will consequently lead to a huge demand forpackaging material.The plastic processing sector with the raffia segment has the most modern technology availableand produces products of international standards. Approximately 1.2 million tonnes ofpolyethylene (PE) and polypropylene (PP) materials consumed by the raffia sector in Indiaproduce woven sacks, tarpaulins, FIBC (flexible intermediate bulk containers). The consumptiongrowth of this sector from 2006-07 to 2009-10 is about 55%, i.e. 775 KT to 1.2 million tonnes.As of today, the Indian sector has become the 2nd largest raffia segment in the world.Divulging from the traditional packaging demand, the changing life style and the societalpattern of life with the increasing number of working couples has hastened the growth forready-to-cook and ready-to-eat foods. This has proved to be precursor for growth for thepackaging industry.The advances in food technology and packaging technology have made it possible to extend theshelf-life of ready-to-cook products. Ready-to-eat snacks which have a short shelf life areusually packaged using injection moulded plastic containers, plastic film/bag pouches orpaperboard cartons.Another emergent segment is the pet food packaging sector. The right combination of coloursand smells are being taken into consideration so as to develop a packaging option that is mostattractive to pets. Till now in India, tuber lamination machines, which are used in themanufacture of such packaging, have not been available. Now, companies have startedmanufacturing these, which has made easier for the Indian processors to manufacture such
bags.The packaging business does not experience cyclic tends owing to the nature if the industry.With an anticipated growth with the next five odd years in the domestic demand for packaging,this industry is gearing up to adopt scientific and functional packaging. Due to lowmanufacturing costs, India is fast emerging as the preferred place for packaging production.To cater to the perceptive and sensitive customer of today the packaging industry is evolving intechnical and scale terms so as to provide consumers with what they desire. The increasingnumbers of health-conscious individuals show a preference for packed, branded productsrather than the loose and unpackaged formats. India being dominated by the rural market,manufacturers are introducing low-priced goods in smaller pack sizes, which have proved to beextremely popular in smaller towns and villages.Uflex, the packaging giant has always been committed to the industry by providing technicalknow-how and being the trend-setter in the flexible packaging industry. Being on the edge ofinnovation, Uflex endeavors to be the first to come up with advanced products that cater to thechanging demands of the packaging industry.