Unpacking the Growth of India's Flexible Packaging Industry

India is now the world's fifth-largest economy, with Prime Minister Modi envisioning it among the top three globally if his party wins the 2024 general elections. The country's strong growth trajectory, projected to exceed 7% in the coming years, is powered by rising domestic consumption. Recent data shows increased consumer spending in both rural and urban areas, fueling demand for processed foods, durables, and, by extension, packaging—a vital element in the FMCG industry's growth.

Commerce Minister Piyush Goyal recently acknowledged the packaging industry's critical role in India's economic framework. The sector is seeing rapid growth, with the flexible packaging market expected to expand by $15.6 billion from 2024 to 2028, driven by the FMCG sector's needs. However, the industry faces challenges such as commoditization and margin pressures, despite innovations in flexible packaging designs and technology.

The rise of e-commerce, projected to reach $188 billion by 2025, further boosts packaging demand, particularly for tamper-proof, lightweight, and sustainable solutions. The industry has also dealt with oversupply issues, especially in BOPET and BOPP films, leading to historically low profitability. Nevertheless, with no major capacity additions expected soon, the demand-supply balance is likely to improve, presenting a potential wealth creation opportunity as the market stabilizes.

For brands looking to capitalize on these trends, PackVision Expo offers a prime platform to showcase packaging solutions and connect with a broader audience. Join us from 16-18 May 2025 at Pune International Exhibition & Convention Centre (PIECC) in Moshi to explore opportunities in this evolving market. For more information, visit www.packvisionexpo.com www.packvisionexpo.com