Market Share of India Flexible Plastic Packaging Industry
The Indian flexible plastic packaging market is fragmented with domestic and global players such as Uflex Limited, Sealed Air Corporation, Berry Global Inc., Constantia Flexibles GmbH, Amcor PLC, Mondi PLC, and Sonoco Products Company. Players operating in the region are focused on expanding their business through mergers, collaborations, acquisitions, and product innovations.
April 2024 - UFlex Limited entered a long-term Power Purchase Agreement (PPA) with Amplus Phoenix Private Limited to source renewable power under a group captive power policy. The plant will provide solar energy to UFlex's Packaging Films manufacturing plant in Dharwad, Karnataka. In line with UFlex's goal of being net zero by 2035 or earlier, this contract will strategically lower UFlex's carbon emissions by the app.
August 2023 - Amcor, a prominent global player in responsible packaging solutions, announced its acquisition of Phoenix Flexibles. This strategic move is set to bolster Amcor's presence in the rapidly expanding Indian market. Phoenix Flexibles specializes in flexible packaging and has its sole manufacturing facility in Gujarat, India. The company boasts around USD 20 million in annual revenue, primarily from food, home care, and personal care sales.
India Flexible Plastic Packaging Market Leaders
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Amcor Plc
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Uflex Limited
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Berry Global, Inc.
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Mondi Plc
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Sonoco Products Company
*Disclaimer: Major Players sorted in no particular order
