The Conundrum of Industrial Packaging

Packaging industry in India is witnessing an unprecedented evolution. The evolution has been reshaped and expedited to a large extent by the advent of Covid-19 pandemic which has changed the consumer expectations for a long time to come. To meet these changing demands, industry is striving to enhance its capability and rethink of innovative ways to solve the problem. If we look at the global industrial packaging market, its size is projected to grow to USD 72.6 billion by 2025, at a CAGR of more than 4 per cent by 2025.

The market is projected to grow in accordance with the increase in the demand for industrial packaging for food & beverage products across the globe. As for packaging materials and products, corrugated boxes are grabbing the largest market share in the industrial packaging market. The increase in the demand for corrugated boxes can be attributed to the rise in the demand for lightweight and convenient packaging solutions across end-use industries.

Back home in India as well, the industrial packaging market is growing rapidly and in fact much faster than expected. The increasing shift towards smart warehousing is driving the growth by compelling packaging solution providers to rise to the challenge thrown up by the boost in online retail. According to Care Ratings, a credit rating company in India, more than 49 per cent of the paper produced in the country is used for packaging purposes. The industries where plastic bottles and jars are mostly used in the country include food and beverage, cosmetics and personal care, and pharmaceutical industries.

We studied this industry segment in-depth and have come up with the list of Top 10 Industrial Packaging Companies who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.

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