India Industrial Packaging Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.20% (2024-2032)
Market Size in 2023: USD 4.56 Billion
Market Size in 2032: USD 8.74 Billion
The India industrial packaging market is growing, driven by demand in manufacturing, logistics, and e-commerce sectors, emphasizing sustainability. According to the latest report by IMARC Group, the size reached USD 4.56 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 8.74 Billion by 2032, exhibiting a growth rate (CAGR) of 7.20% during 2024-2032.
India Industrial Packaging Market Trends and Drivers:
The rapid expansion of industries like food and beverages, pharmaceuticals, chemicals, e-commerce, etc., is one of the factors responsible for the growth of the India industrial packaging market. Rising industrialization and manufacturing activities across the country are driving demand for durable and reliable packaging solutions to protect goods during storage and transportation.
Moreover, the increasing export of goods, particularly pharmaceuticals and agricultural products, necessitates robust packaging solutions to meet international quality standards. Government initiatives, such as “Make in India,” are further promoting industrial activities, thereby boosting the demand for industrial packaging, which is acting as another significant growth-inducing factor. Besides this, the growth of the e-commerce sector, with its need for efficient packaging for bulk and fragile items, is another significant driver of the market.
Emerging trends in the India industrial packaging market include the growing emphasis on sustainable and eco-friendly materials. In addition to this, as environmental concerns rise, businesses are shifting towards biodegradable and recyclable packaging solutions to align with sustainability goals, which is creating a positive outlook for market growth. Furthermore, the adoption of advanced packaging technologies, such as tamper-evident and anti-counterfeit packaging, is also increasing to ensure product safety and authenticity.
Customization of packaging designs to meet specific industrial requirements is gaining traction, offering enhanced efficiency and cost-effectiveness. Apart from this, the integration of digital tools, such as IoT-enabled smart packaging, is improving supply chain management and real-time tracking of goods, which is anticipated to drive the India industrial packaging market over the forecasted period.
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India Industrial Packaging Market Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Intermediate Bulk Containers (IBCs)
- Sacks
- Drums
- Pails
- Others
Breakup by Material:
- Paperboard
- Plastic
- Metal
- Wood
- Fiber
Breakup by Application:
- Chemical and Pharmaceutical
- Building and Construction
- Food and Beverage
- Oil and Lubricant
- Agriculture and Horticulture
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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