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 expanding rapidly, driven by growth in manufacturing, e-commerce, and sustainable packaging solutions. 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 India industrial packaging market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the growth of sectors like e-commerce, chemicals, food & beverage, as well as pharmaceuticals. Besides this, one major factor propelling the market is the increasing need for robust and safe packaging options to safeguard products during storage and transit.

Additionally, the ongoing industrialization and increasing export activities require specialized packaging to ensure product safety, which further boosts the India industrial packaging market. In line with these factors, the initiatives of the government bodies to promote manufacturing and exports, coupled with the growing infrastructure for logistics and warehousing, are contributing to the rising adoption of industrial packaging solutions across sectors.

Emerging trends in the India industrial packaging market include a shift towards sustainable and eco-friendly packaging materials. Moreover, companies are adopting biodegradable, reusable, and recyclable options to meet environmental regulations and consumer preferences for greener solutions. In addition to these factors, innovations such as tamper-evident packaging, anti-counterfeit technologies, and smart packaging with embedded tracking systems are enhancing product security and supply chain transparency.

Apart from this, the growth of online retail and bulk purchasing in sectors like agriculture and construction is also fueling demand for flexible and rigid industrial packaging formats. Consequently, as industries continue to prioritize efficient supply chain operations and regulatory compliance, the India industrial packaging market is poised for robust expansion, supported by technological advancements and increasing investments in infrastructure 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.

About Us:

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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