Flexible Packaging Market in India – Trends, Forecast & Growth Prospects Published by Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the flexible packaging market in India,which is expected to grow at a CAGR of more than 24% from 2015-2019.
Flexible packagingmarket segmentation including application and end user
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including bags, pouches, squeezable bottles, stand-up pouches, medicine bottles, CD cases, foam packaging, and laminated tubes.
Additionally, analysts have segmented market projections by key geography, and also by end-users, focusing on the food, beverage, healthcare and cosmetic industry.
“Many packaging vendors are switching to flexible packaging materials because of increased consumer demand for flexible packaging. These products are generally resealable, recyclable, and durable, which increases the demand for them among consumers,” says Faisal Ghaus, Vice President of Technavio.
Flexible packaging: Market scope and calculation of market size
This report covers the present scenario and the growth prospects for the flexible packaging market in India from 2015-2019. To calculate the market size, the report considers revenue generated by packaging vendors through the manufacture and sale of the following packaging applications:
- Bags and Pouches
- Squeezable Bottles
- Stand-up Pouches
- Medicine Bottles
- CD Cases
- Foam Packaging
- Laminated Tubes
Industry analysis includes:
- Key Vendors:
- Balmer Lawrie & Co. Ltd.
- Jindal Poly Films Ltd.
- Max India
- Uflex Ltd.
- Market Growth Drivers:
- Growth in Retail Sector
- Demand for Corrugated Packaging
- Market Challenges:
- Risk of Contamination
- Rise in Cost of Raw Materials
- Market Trends:
- Increased Preference for Flexible Packaging in FMCG Industry
- Changes in Consumption Patterns
View the flexible packaging market in India report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the flexible packaging market:
- Flexible Packaging Market in APAC 2015-2019
- Flexible Food Packaging Market in North America 2015-2019
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