Report Overview

India Green Packaging Market - Industry Trends & Forecast Report, 2029

India green packaging market size is expected to expand at a CAGR of 27.5% during the forecast period between 2023 and 2029. Major growth drivers for India green packaging market include increasing consumer awareness regarding sustainable packaging, growing shift in consumer preferences towards recyclable and eco-friendly packaging solutions and surging demand for innovative packaging solutions. Rising consumer awareness of environmental conservation due to which Government of India (GoI) have made number of efforts to support the use of environmentally friendly packaging materials. Moreover, the extensive adoption of green packaging solutions in many end-use industries, particularly the food and beverages (F&B) industry, is supporting the country's market growth. Rapid urbanization and expanding economic growth in India have resulted in the adoption of innovative packaging technologies, which are favorably impacting the country's green packaging market.

India Green Packaging Market

Growth Drivers

Rising consumer awareness regarding sustainable packaging

Consumers' rapidly increasing awareness of the advantages of green packaging could drive green packaging market share rise throughout the forecast period. Green packaging is a type of sustainable packaging that not only lowers packaging waste but also helps to reduce greenhouse gas emissions, thereby helping the environment. Aside from that, the introduction of biodegradable packaging materials, such as bioplastics and biopolymers, for the packaging of various products, such as food and drinks by firms, is expected to cause significant green packaging market size growth throughout the forecast period.

Restraints

Inadequate supply of bioplastics and other bio-based materials

A global shortage of Poly Lactic Acid is increasing the demand for eco-friendly alternatives to conventional plastic disposables. Companies that sell biobased products, such as Bio Futura, have been suffering global stock challenges; just a few manufacturers produce the essential components for PLA products. Natural catastrophes, such as floods, tornadoes, and earthquakes, impact the supply of raw materials for bioplastic and biodegradable packaging solutions as these raw materials are often generated from fruits, vegetables, and agricultural commodities. The bioplastic market is small and specialized. Bioplastics have lower mechanical strength than their petrochemical-based competitors, and production costs are also impeding market growth.

India Green Packaging Market

Segmental Coverage

India Green Packaging Market – By Packaging Type

By packaging type, India green packaging market is segmented into Recycled Content Packaging, Reusable Packaging, and Degradable Packaging categories. The recycled content packaging segment holds the highest market share during the period in analysis. The most prevalent sustainable packaging solutions used by firms are shrinking or lightening packaging and employing recycled and renewable materials. As a result, numerous businesses are utilizing paper and cardboard in a variety of capacities. Furthermore, it ensures that the packaging is recyclable for future use, which is environmentally good. Customers are becoming more acclimated to paper-based flexible packaging as they seek more environmentally friendly packaging solutions. The reusable packaging segment holds the second highest market share in India green packaging market. Drums, plastic containers, intermediate bulk containers, and other reusable packaging methods are commonly utilized. Drums are the most versatile and adaptable green packaging solutions, allowing various large-scale end-user industries, such as chemicals, food and beverages, and construction, to carry out everyday operations with a low carbon footprint or waste output.

India Green Packaging Market – By Material

Based on material, India green packaging market is divided into Paper, Plastic, and Metal segments. The paper material segment is expected to dominate the market during forecast period. Downsizing or lightweight packaging, as well as increased use of recycled content and renewable resources, is the most prevalent sustainable packaging approach used by businesses. As a result, the use of paper and cardboard in numerous business sectors is growing. It also assures that the packaging is environmentally friendly and recyclable in the future.

India Green Packaging Market – By End User

Based on end user, India green packaging market is divided into Food & Beverages, Consumer Products, Shipping, and Chemicals segments. The food and beverages segment holds the highest market share. Consumers are becoming more environmentally conscious, which means that they are making more choices with sustainability in mind. As a result, consumer preferences are shifting in the food packaging industry. For nearly two decades, plastic has been one of the most popular materials in the food industry. Companies use recycled plastics as the cost of manufacturing plastics is minimal, allowing them to manufacture low-priced containers while adhering to environmental guidelines.

Competitive Landscape

Major players operating in India green packaging market include Annapurna Cottage Industries, Varsha Fibre-Fab Industries, greenBUG, Adyah Eco Products​, EarthSafe, Shiwa Industrial, SpruceGel, Amate Products, OG Hemp Private Limited, and Ecoware. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Packaging Type

• Recycled Content Packaging

• Reusable Packaging

• Degradable Packaging

By Material

• Paper

• Plastic

• Metal

By End User

• Food & Beverages

• Consumer Products

• Shipping

• Chemicals

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Green Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising consumer awareness regarding sustainable packaging
         2. Shift in consumer preference towards recyclable & eco-friendly packaging solutions
         3. Surging demand for innovative packaging solutions
      2. Restraints
         1. Inadequate supply of bioplastics and other materials
         2. Environmental concerns
      3. Opportunities
         1. Rising focus on major brands
         2. Technological advancements in packaging equipment & technology
      4. Challenges
         1. Lack of government initiatives especially in developing economies
         2. High set up & production cost
   3. Technological Advancement/Recent Development
   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 Green Packaging Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Packaging Type
         1. Recycled Content Packaging
         2. Reusable Packaging  
         3. Degradable Packaging
      2. By Material
         1. Paper
         2. Plastic
         3. Metal
         4. Others
      3. By End-User
         1. Food & Beverages
         2. Consumer Products
         3. Shipping
         4. Chemicals
         5. Others
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. India Green Packaging Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on India Green Packaging Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Annapurna Cottage Industries
   2. Varsha Fibre-Fab Industries
   3. greenBUG
   4. Adyah Eco Products​
   5. EarthSafe
   6. Shiwa Industrial
   7. SpruceGel
   8. Amate Products
   9. OG Hemp Private Limited
   10. Ecoware
   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

LOF

Figure 1        India Green Packaging Market Segmentation                                                      

Figure 2        India Green Packaging Market Value Chain Analysis                                    

Figure 3        Company Market Share Analysis, 2022                                                     

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

Figure 5        India Green Packaging Market Share, By Packaging Type, By Value, 2019–2029

Figure 6         India Green Packaging Market Share, By Material, By Value, 2019–2029

Figure 7        India Green Packaging Market Share, By End User, By Value, 2019–2029       

LOT    

Table 1         India Green Packaging Market Size, By Packaging Type, By Value, 2019–2029

Table 2          India Green Packaging Market Size, By Material, By Value, 2019–2029

Table 3         India Green Packaging Market Size, By End User, By Value, 2019–2029

Table 4         Varsha Fibre-Fab Industries Company Overview

Table 5         Varsha Fibre-Fab Industries Financial Overview

Table 6         greenBUG Company Overview

Table 7         greenBUG Financial Overview

Table 8         Annapurna Cottage Industries Company Overview

Table 9         Annapurna Cottage Industries Financial Overview

Table 10        Adyah Eco Products​ Company Overview

Table 11        Adyah Eco Products​ Financial Overview

Table 12        EarthSafe Company Overview

Table 13        EarthSafe Financial Overview

Table 14        Shiwa Industrial Company Overview

Table 15        Shiwa Industrial Financial Overview

Table 16        SpruceGel Company Overview

Table 17        SpruceGel Financial Overview

Table 18        Amate Products Company Overview

Table 19        Amate Products Financial Overview

Table 20        OG Hemp Private Limited Company Overview

Table 21        OG Hemp Private Limited Company Overview

Table 22        Ecoware Company Overview

Table 23        Ecoware Company Overview