Research and Markets: Packaging Market in India 2015-2019 – Market to grow at a CAGR of 15.44%
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/c88wd4/packaging_market) has announced the addition of the “Packaging Market in India 2015-2019” report to their offering.
The analysts forecast the packaging market in India to grow at a CAGR of 15.44% over the period 2014-2019.
The report, the Packaging Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Many packaging vendors are switching toward flexible packaging materials because of increased consumer demand for convenient packaging. Flexible packaging materials are lightweight and hence reduce transportation costs. They also occupy lesser space than rigid packaging materials. An increase in demand for small-size, less expensive, and easy to carry food and beverage products among rural and semi-urban consumers is expected to propel the growth of the market, as is the increase in demand for single-serve packaging products among customers in urban areas. In addition, flexible packaging materials are resealable, recyclable, and durable, which increases the demand for them among consumers.
According to the report, increase in the number of Internet users, rise in the population of working women, and the growing number of supermarkets and department stores are leading to changes in the consumption patterns of consumers, providing impetus to growth in the sector. The food and grocery segment dominates the retail market in India. Retail stores use packaging materials to protect food and groceries, retain their nutritional value, and provide consumers with packaged products that are convenient are safe to consume. This, in turn, boosts the demand for packaging materials.
Further, the report states that the risk of packaged food contamination hinders market growth.
– Balmer Lawrie
– Jindal Poly Films
– MAX India
Other prominent vendors
– ESS DEE
– Essel Propack
– Garware Poly
– Oricon Enterprises
– Parekh Aluminex
– Radha Madhav
– Time Technoplast
For more information visit http://www.researchandmarkets.com/research/c88wd4/packaging_market
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