A key factor driving the market’s growth is the growing investments in the food processing sector in India. The Indian food processing industry is among the largest industries in the country, accounting for over 28% of the country’s total food market in 2017.
This market research report on the flexible packaging market in India provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the increasing use of stand-up pouches as one of the key emerging trends in the flexible packaging market in India:
Flexible packaging market in India: Increasing use of stand-up pouches
Vendors are coming up with new and innovative packaging solutions to withstand the high competition in the flexible packaging market in India. Vendors are taking care to create packaging that is aesthetically appealing as well as tamper-proof to ensure effective supply chain management. Innovative packaging includes stand-up pouches, which are replacing cans to store processed food. Stand-up pouches offer flexibility and can be designed in various shapes and prints with high-quality graphics.
“On an average, a stand-up pouch weighs about 5% less than a glass bottle, thereby offering increased portability. Stand-up pouches also prove to be more advantageous than cans as they have a zip-lock feature which enables the contents to be sealed and re-used after opening. These characteristics of lightweight, portability, and reusability will lead to the increasing popularity of stand-up pouches over the forecast period,” says a senior analyst at Technavio.
Flexible packaging market in India: Segmentation analysis
This market research report segments the flexible packaging market in India by end-user to include the food and beverages industry, pharmaceutical industry, personal care industry, and others.
The food and beverage segment held the largest market share in 2017, accounting for close to 49% of the market, followed by the pharmaceutical segment. However, the market share of the food and beverage industry is expected to witness a decrease of more than 1% over the forecast period, while all the other three segments are slated to see a small increase in their market shares. The personal care industry is expected to exhibit the maximum increase in its market share by 2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.