Technavio Says Progress in the Retail Sector Will Boost the Growth of the Packaging Market in India Through 2019

LONDON

Technavio has published a new report on the packaging market in India, which is expected to grow at a CAGR of 15% from 2015-2019.

About the Report

According to the latest report by Technavio, the retail sector is one of the fastest growing sectors in India, owing to factors like growing brand awareness, an increase in the purchasing power of urban, semi-urban and rural consumers, and growth in the e-commerce 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 and safe to consume,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also emphasizes increased demand for flexible packaging in the FMCG industry. Flexible packaging materials are lightweight and hence reduce transportation costs.

“Many packaging vendors are switching to flexible packaging materials because of increased consumer demand for convenient packaging,” says Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and the growth prospects of the packaging market in India from 2015-2019. To calculate the market size, the report considers revenue generated by packaging vendors through sales and manufacture of the following packaging materials:

• Plastics
• Paper and paperboard
• Metals
• Glass

Key Information Covered in the Report:

• Key Vendors:
  • Balmer Lawrie & Co. Ltd.
  • Jindal Poly Films Ltd.
  • MAX India
  • Uflex Ltd.
• Market Growth Drivers:
  • Growth in retail sector
  • For a full detailed list, view our report.
• Market Challenges:
  • Risk of contamination
  • For a full detailed list, view our report.
• Market Trends:
  • Increased demand for flexible packaging from FMCG industry
  • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the packaging market:

• Blister Packaging Market in the US 2015-2019
• Beverage Packaging Market in Europe 2015-2019: Forecast Trend Analysis

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150612005147/en/

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com