The worldwide Industrial Film market is anticipated to grow at a rapid pace given the current economic climate, which includes India as one of the top-performing emerging economies with a good GDP growth rate of 5.8 percent for 2023 and a packaging industry growth projection of 12 percent plus. In 2022, this market for industrial films had a value of $41.1 billion. Going ahead, IMARC Group projects that the market will grow at a compound annual growth rate (CAGR) of 5.6 percent from 2023 to 2028, reaching $ 67.2 billion. Due to its rapid growth, this industry is luring investments in the newest technology and capacity increases. GLS Films industries is one of the leading firms in the sector which offers holistic flexible packaging solutions for a host of industries.
“We have been in the industry for more than two decades and have a broad portfolio across the industry segment which helps in hedging the market fluctuation risk. Apart from this, we have a strong backward vertical integration in terms of raw material inputs such as inks, Adhesives, barrier coatings, Gravure cylinders, Pet Film, Al. Foil, Aseptic film and PE film help in building a robust supply chain network which can cater to dynamic market demands”, says Arun Anand, President, GLS Group.
GLS Films has a large portfolio of business in the foods sector and specializes in high-barrier ultra-thin Extrusion based laminates. “We provide a range of solutions for counterfeit packaging. Our different solutions and products include flexible packaging laminates, pouches, gravure cylinders, tube laminates, industrial products, agro products and many more. To achieve high-quality standards, each product produced at GLS Films undergoes stringent incoming, online, and post-production quality checks. The company ensures that all the post-Industrial plastic waste gets recycled within the premises ensuring the safety of the client's packaging and finished product. We also provide support in terms of design aesthetics through our pre-press and cylinder manufacturing process”, briefs Arun Anand.
The core group of GLS Films has a wealth of experience in the manufacturing and marketing of flexible packaging
The core group of GLS Films has a wealth of experience in the manufacturing and marketing of flexible packaging. The majority of the core team members have, on average, had more than two decades of expertise in this industry. The team holds in depth commercial understanding of the market dynamics enabling them to make the right commercial decisions. The R&D team interacts with the clients by learning about their needs such as supply chain models, affordability, competitiveness, and more. In recent years, GLS has acquired most of the top MNC and Indian clients. The firm has also reached clients in the US, Canada, Europe, Australia, America and many more by focusing on exports. Currently GLS Films works with PepsiCo, Nestlé, Mondelez, GCMMF(Amul), Dabur, Haldiram, Cavinkare, Godfrey Phillips, ITC, Tata Global, General Mills, Walmart, and others in India.
Future Roadmap
By the end of 2025, GLS Films is projected to grow to India's largest single-location operational unit, with a capacity to produce more than 60K metric tonnes of packaging annually. The corporation will achieve net energy neutrality by 2025 as part of the environmental effort. The corporation is also considering the possibility of establishing production facilities in other regions of the nation. GLS Films is actively working to diversify its product offering, and it has future aspirations to develop into the sustainability sector. The company's vision and mission are crystal clear - to create world-class experiences via continuous improvement, constant quality, and product excellence; to become the most admired organization by providing sustainable and innovative solutions.
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