Why India’s Packaging Solutions Industry is Booming: A Deep Dive

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Why India's Packaging Solutions Industry is
Booming A Deep Dive
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(No Transcript)
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• Being a developing economy with a growing
  consumer market, India is among the top
  destinations for new packaging solutions. Growing
  eCommerce, food delivery businesses more have
  driven up packaging consumption in recent years.
  Packaging industry is now India's 5th largest
  sector. In this article, we will discuss some of
  the key factors influencing the packaging
  solutions industry in India. 
• The Rise of India's Packaging Sector
• Market Size and Growth The Indian packaging
  industry is estimated to be worth USD 84.37
  billion by 2024 and USD 142.56 billion by 2029 at
  a compound annual growth rate of 11.06 over this
  period.
• Packaging Materials Segment The segment includes
  materials like paper, plastic, glass and metal.
  For example, plastic packaging alone will reach
  USD 21.77 billion by 2024 and USD 25.35 billion
  by 2029.?
• Food Packaging Sector This remains an important
  sector of the industry expected to reach USD 3.4
  billion by 2027.  Mordor Intelligence

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• Key Factors Playing The Role  
• 1.  Sustainable Packaging
• The packaging industry of India is moving away
  from conventional plastics towards modern
  sustainable methods as per international norms
  and local laws. 
• Material Innovations Switching from conventional
  to renewable polylactic acid (PLA) and
  polyhydroxyalkanoates (PHA) has improved
  biodegradability.
• Closed-loop Systems Closing loop recycling
  systems aim to continuously recycle wastes to
  reduce dependence on new materials and also
  minimize landfill impact.
• Legislative Compliance Activities involve
  following the latest changes in the Plastic Waste
  Management Rules, which require the gradual
  elimination of single-use plastics and the use of
  recyclable or compostable packaging materials.
• 2. Innovative Packaging Technologies
• Active and Intelligent Packaging Addition of
  smart features in packaging, such as freshness
  indicators and time-temperature monitors, to help
  maintain product integrity throughout the supply
  chain.

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• Edible Packaging Creation of edible packaging
  options using natural food ingredients has
  resulted in decreased waste and providing unique
  consumer interactions.
• Integration of Tech Utilizing QR codes and NFC
  technology to offer customers in - depth product
  details, tracking capabilities, and verification.
• 3. Expansion in the Food Packaging Sector
• Standards set by FSSAI. Not too long ago, the
  FSSAI placed a strong focus on promoting the
  usage of environmentally friendly and safe
  materials for food packaging. Global safety
  standards are in accordance with these
  regulations to guarantee the safety and longevity
  of all materials that interact with food.
• Hygiene and Safety The pandemic raised awareness
  about hygiene and Safety in food packaging.
  Consumers today expect packaging that not only
  safeguards the product but also guarantees
  minimal contact as well as optimal hygiene
  throughout the process of handling and delivery.
• Online Food Delivery Boom  Covid-19 also boosted
  the online food ordering trend. Customers are
  choosing home delivery of food over conventional
  dining experiences, which has resulted in a boom
  in demand for platforms such as Zomato and
  Swiggy. Hence, tough, tamper-proof and innovative
  packaging solutions are needed to ensure food
  safety and quality during delivery.

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• Read our article on Cost Reduction Methods for
  the Food Packaging Industry to learn how to
  control costs without sacrificing quality or
  customer safety.
• 4. Government Initiatives and Policy Impact
• The goal of the Pradhan Mantri Kisan SAMPADA
  Yojana is to improve the food supply chain as
  well as logistics by upgrading packaging
  facilities to minimize wastage and improve
  productivity.
• Extended Producer Responsibility (EPR)
  Implementation of EPR under plastic waste
  management rules encourages manufacturers to take
  responsibility for the whole lifecycle of their
  products - waste management and recycling.
• Incentives for Green Packaging Introduction of
  tax incentives and subsidies for companies using
  green packaging to reduce environmental impact.
• Standardization of Packaging Defining
  high-quality and safety packaging standards in
  line with international standards.
• Learn about the factors to consider when
  selecting Packaging that meets industry standards
  in our article A guide to Choosing the Right
  packaging solutions brought to you by the leading
  packaging solutions companies in India. 

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• The Challenges
• Environmental Concerns Despite the push for
  sustainability, the industry is having trouble
  managing plastic waste and transitioning to
  eco-friendly practices, especially in tier-2 and
  tier -3 cities. 
• Lack of Skilled Workforce Advanced packaging
  machinery and procedures demands trained and
  experienced workers who can operate and maintain
  them effectively.
• Regulatory Compliance  Proper checks and
  measures need to be outlined. Following rigorous
  guidelines and protocols, particularly in the
  food and pharmaceutical industries, is an ongoing
  responsibility for both the state and private
  players. 
• Find out which challenges pharmaceutical
  packaging faces - from regulatory hurdles to
  technological requirements - in the 7 key
  challenges in pharmaceutical packaging analysis.
• Conclusion Packaging Solutions with a Purpose
• The packaging solutions sector in India is
  experiencing rapid expansion thanks to economic
  development, creativity, and an emphasis on
  environmental responsibility. Meghmani Global,
  one of the leading packaging material
  manufacturers, is committed to influencing the
  future of packaging within India. Over the course
  of more than 40 years, we have transitioned from
  our origins in the dyestuff industry to establish
  a strong presence in the chemical as well as
  packaging industries.

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• Meghmani Global offers comprehensive packaging
  solutions for a range of industries such as FMCG,
  pharmaceuticals, food packaging, and others.
  Flexible packaging, rigid containers as well as
  bespoke solutions to individual product
  requirements are all part of our range. Get in
  touch with us to find out how our packaging
  options are able to enhance your brand and help
  create a far more sustainable world.
• Get in Touch
• Email exports_at_meghmanidyes.com
• Contact  91-79-26812827
• Website https//www.meghmaniglobal.com

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