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India Paper Packaging Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.8% (2024-2032)
The rising environmental concerns in India are driving the adoption of materials that have minimal impact on the planet. According to IMARC Group, The India paper packaging market size reached US$ 17.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
India Paper Packaging Industry Trends and Drivers:
Paper packaging is biodegradable and recyclable, making it an attractive option for businesses aiming to reduce their carbon footprint. This demand is further supported by individuals who are becoming more conscious about the environmental impact of their purchasing choices and are actively seeking products with eco-friendly packaging. In addition, the governing body is introducing several initiatives aimed at reducing plastic waste and encouraging the use of sustainable packaging alternatives. These regulations are creating a favorable environment for the paper packaging industry, as businesses are encouraged to adopt eco-friendly materials to comply with these norms. Apart from this, innovations in manufacturing processes are leading to the development of stronger and more durable paper packaging products, which can effectively replace traditional plastic packaging in many applications. These advancements are expanding the range of uses for paper packaging, making it suitable for a broader array of products, including those that require high durability and protection.
Additionally, the growing popularity of online shopping is driving the need for reliable and sustainable packaging solutions that can protect goods during transit. Paper packaging, with its versatility and cushioning properties, is becoming popular among e-commerce companies looking to enhance user satisfaction while also adhering to environmental standards. Furthermore, the shift towards premiumization in the packaging industry, where brands are looking to enhance the perceived value of their products through innovative and attractive packaging designs, is contributing to the market growth in the country. Paper packaging offers a high degree of customization and aesthetic appeal, making it an ideal choice for brands aiming to create a premium look and feel for their products. This trend is driving the demand for high-quality, creatively designed paper packaging solutions. Besides this, small and medium-sized enterprises (SMEs) in India are adopting sustainable practices, such as the use of paper packaging, to differentiate themselves in a competitive market. This shift towards sustainability among SMEs is catalyzing the demand for paper packaging products.
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India Paper Packaging Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
Corrugated Boxes
Folding Boxes and Cases
Liquid Paperboard Cartons
Paper Bags and Sacks
Others
Breakup by Grade:
Solid Bleached
Coated Recycled
Uncoated Recycled
Others
Breakup by Packaging Level:
Primary Packaging
Secondary Packaging
Tertiary Packaging
Breakup by End Use Industry:
Food
Beverages
Personal Care and Home Care
Healthcare
Others
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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