Report Overview

India Food and Beverage Packaging Market - Industry Trends & Forecast Report, 2029

India food and beverage packaging market size was worth USD 31.75 billion in 2022. During the forecast period between 2023 and 2029, India food and beverage packaging market size is projected to grow at a CAGR of 14.8% reaching a value of USD 85.9 billion by 2029. Major growth drivers for India food and beverage packaging market include increasing consumption of packaged food, growing awareness and surging demand for high-quality products. Due to initiatives to reduce agricultural crop waste, government investment in the food processing sector is developing new packaging options which is expected to boost the overall market expansion. Additionally, the growth of the market is aided by the expansion of organized retail, high disposable income of the middle-class population, and exports. As a result, consistent packaging is now essential to extend shelf life, maintain manufacturing speed, and ensure quality. A higher standard of living, increased affluence, and the fast-paced metropolitan lifestyle are all contributing to the growing trend of online food delivery paired with packaged food. Investors such as Zomato, Swiggy, and Dunzo, among others, are looking into the online food delivery market as it grows in popularity and packaging innovation. Thus, all these factors fuel the growth of India food and beverage packaging market during the period in analysis.

India Food and Beverage Packaging Market– Overview

Food packing is the technique of packaging food to safeguard it from damage, contamination, spoilage, and insect attack during transportation, storage, and retail sales. The quantity of material, additives, nutritional value, cooking guidelines, shelf life, and other information are commonly labeled on packaging. The food packaging method included a range of flexible materials, including foil, plastic, and paper, as well as clothing, to create pouches, bags, bottles, cans, cartons, and trays. Packaged foods include dairy, convenience foods, confectionary, bakery, vegetables, fruits, meat, and sauces. The demand for eco-friendly and sustainable packaging is steadily increasing as public awareness grows. The country is focused more on long-term solutions, which are rapidly becoming a commercial necessity. Companies like Evirocor in India provide eco-friendly food packaging goods to food outlets, restaurants, hotels, hospitals, industries, caterers, and other consumers. The rising use of eco-friendly packaging is expected to drive market growth. Furthermore, the country is witnessing a shift in government rules aimed at reducing environmental pollution. As a result, market vendors are adopting innovative and sustainable packaging.

India Food and Beverage Packaging Market

Growth Drivers

Rapidly changing consumer lifestyle

Packaged foods are gaining popularity in India due to hectic work schedules, an increase in the number of women in the workforce, and a shift toward on-the-go consumption, which is expected to boost the adoption of innovative and sustainable packaging across the food sector. This is expected to propel market expansion throughout the forecast period. Nanofabrication technologies are emerging as innovative solutions across the region, with the goal of developing active materials for use in the design of packages, coatings, and packaging technologies, which assist in preserving and improving the sensorial and nutritional characteristics and safety of foodstuffs, as well as increasing their shelf life.

Restraints

Increasingly stringent rules and regulations

Packaging materials’ inability to disintegrate in a timely manner is a serious concern, prompting government to take measures to address the mounting pollution issue. To solve the issue, stringent rules are being implemented on the food and beverage packaging industry, further impeding market expansion.

Impact of COVID-19 on India Food and Beverage Packaging Market

The food and beverage packaging business has seen a dual impact on product demand in recent months because of the lockdowns implemented in many countries due to the COVID-19 pandemic outbreak in December 2019. The supply chain problems caused by the COVID-19 pandemic slowed the market's growth rate. Fluctuations in raw material prices, as well as rigorous government regulations on the use of plastic, may further dampen the market's development rate. Several countries, including Italy, the United States, and India, experienced curfew-like situations in which all businesses (save vital services) were prohibited from operating. However, due to uncertainties surrounding the scenario, customers engaged in impulse shopping and stockpiling foods and necessities, including food products with extended shelf lives. Products require packaging, and manufacturing is higher than ever. Consumers prefer packaged products over loose products such as fruits and vegetables. Furthermore, consumers have preferred to purchase their food and beverage through channels other than those they used before to the pandemic. During the pandemic's initial phase, e-commerce platforms and click-and-collect transactions increased. After the transition from offline to online and the development of new types of online shopping experiences with various touch points for consumers, sales of food packaging solutions utilized in the e-commerce business soared.

India Food and Beverage Packaging Market

Segmental Coverage

India Food and Beverage Packaging Market – By Material

By material, India food and beverage packaging market is segmented into Paper & Paper-based, Plastic, Metal, and Glass. Plastic segment is expected to dominate the market during period in analysis. Plastic bags are one of the most common types of plastic packaging. The increase of plastic bags in the country is primarily attributable to the expansion of grocery chains and Kirana stores. Plastic carry bags are commonly used for bakery, confectionery, supermarket, and butcher products around the country. Furthermore, many retail outlets use packaging materials to keep food fresh and nutritional content intact. The demand for supermarket products, such as frozen and chilled dinners, is expected to increase in the next years, assisting the paper bag business to grow.

India Food and Beverage Packaging Market – By Product Type

Based on product type, India food and beverage packaging market is segmented into Pouches & Bags​, Bottles & Jars​, Trays & Containers​, and Films & Wraps. The pouches and bags segment holds the highest market share. It is the most widely used type of flexible packaging in the food sector. Pouch packaging is being used by key players in the packaged food industry as one of the most practical and cost-effective packaging choices. Plastic pouches' growth is further spurred by their ability to allow co-polymerization and the addition of plasticizers, blowing agents, antibacterial compounds, and color-changing additives. Pouches are versatile, portable, and lightweight. Furthermore, advancements in pouch features (such as resealable closures, spouts, and tear notches) and pouch manufacturing technology (such as faster line speeds) continue to lower production costs, making pouches more inexpensive. Additionally, manufacturers are prioritizing the incorporation of features in products that make consumers' lives easier, such as zippered closure systems and lightweight choices. For instance, Nichrome employs India's first vertical pouch packaging equipment to package snacks, dried fruits, cereals, pulses, and other products.

India Food and Beverage Packaging Market – By Application

Based on application, India food and beverage packaging market is divided into Dairy Products,​Meat, Poultry & Seafood, Bakery & Confectionary, and Fruits & Vegetables segments. The bakery and confectionary segment held the highest market share. To improve shelf life, bakery and confectionery items are typically packed in high moisture barrier packaging. Due to features such as lightweight, printability, and cost-effectiveness over paper cartons and tins, flexible packaging is commonly utilized. Additionally, the appealing packaging of confectionery products is likely to drive industry growth.

Competitive Landscape

Major players operating in India food and beverage packaging market include WestRock India Private Limited, Parksons Packaging Ltd, P.R. Packagings Ltd, Autofits Packaging Private Limited​, Deccan Cans & Printers Pvt. Ltd, AGI glaspac, PGP Glass Private Limited, Amcor plc, Ball Corporation, and Crown. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In January 2022 - Parksons Packaging Ltd purchased Manohar Packaging (MPPL), a new firm with a footprint across India. Post the deal, MPPL continues as a subsidiary of Parksons.

Scope of the Report

By Material

• Paper & Paper-based

• Plastic

• Metal

• Glass

By Product Type 

• Pouches & Bags​

• Bottles & Jars​

• Trays & Containers​

• Films & Wraps​

By Application

• Dairy Products​

• Meat, Poultry & Seafood​

• Bakery & Confectionary​

• Fruits & Vegetables

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Food and Beverage Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising consumption of beverages in emerging economies
         2. Surging demand for convenience food
         3. Rapidly changing consumers lifestyle
      2. Restraints
         1. Increasing stringent rules and regulations
      3. Opportunities
         1. Increasing investments in food processing industries
         2. Growing trend of online food delivery
      4. Challenges
         1. High cost of sustainable packaging
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Food and Beverage Packaging Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Material
         1. Paper & Paper-based
         2. Plastic
         3. Metal
         4. Glass
         5. Others
      2. By Product Type  
         1. Pouches & Bags​
         2. Bottles & Jars​
         3. Trays & Containers​
         4. Films & Wraps​
         5. Others
      3. By Application
         1. Dairy Products​
         2. Meat, Poultry & Seafood​
         3. Bakery & Confectionary​
         4. Fruits & Vegetables​
         5. Other
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. India Food and Beverage Packaging Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, and others)
6. Impact of Covid-19 on India Food and Beverage Packaging Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. WestRock India Private Limited
   2. Parksons Packaging Ltd
   3. P.R. Packagings Ltd
   4. Autofits Packaging Private Limited​
   5. Deccan Cans & Printers Pvt. Ltd
   6. AGI glaspac
   7. PGP Glass Private Limited
   8. Amcor plc
   9. Ball Corporation
   10. Crown
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

List of Figures

Figure 1        India Food and Beverage Packaging Market Segmentation                                     

Figure 2        India Food and Beverage Packaging Market Value Chain Analysis        

Figure 3        Company Market Share Analysis, 2022                                                     

Figure 4        India Food and Beverage Packaging Market Size, By Value (USD Million), 2019–2029                                                           

Figure 5        India Food and Beverage Packaging Market Share, By Material, By Value, 2019–2029                                                          

Figure 6        India Food and Beverage Packaging Market Share, By Product Type, By Value, 2019–2029                                                                  

Figure 7        India Food and Beverage Packaging Market Share, By Application, By Value, 2019–2029                                                                                                                            

List of Tables                                                                                  

Table 1         India Food and Beverage Packaging Market Size, By Material, By Value, 2019–2029

Table 2         India Food and Beverage Packaging Market Size, By Product Type, By Value, 2019–2029

Table 3         India Food and Beverage Packaging Market Size, By Application, By Value, 2019–2029

Table 4         WestRock India Private Limited Company Overview

Table 5         WestRock India Private Limited Financial Overview

Table 6         Parksons Packaging Ltd Company Overview

Table 7         Parksons Packaging Ltd Financial Overview

Table 8         P.R. Packagings Ltd Company Overview

Table 9         P.R. Packagings Ltd Financial Overview

Table 10        Autofits Packaging Private Limited​ Company Overview

Table 11        Autofits Packaging Private Limited​ Financial Overview

Table 12        Deccan Cans & Printers Pvt. Ltd Company Overview

Table 13        Deccan Cans & Printers Pvt. Ltd Financial Overview

Table 14        AGI glaspac Company Overview

Table 15        AGI glaspac Financial Overview

Table 16        PGP Glass Private Limited Company Overview

Table 17        PGP Glass Private Limited Financial Overview

Table 18        Amcor plc Company Overview

Table 19        Amcor plc Financial Overview

Table 20        Ball Corporation Company Overview

Table 21        Ball Corporation Company Overview

Table 22        Crown Company Overview

Table 23        Crown Company Overview