India Food & Beverage Packaging Market Size (2024 - 2029)

India Food & Beverage Packaging Market Analysis

The India Food & Beverage Packaging Market size is estimated at USD 35.93 billion in 2024, and is expected to reach USD 49.27 billion by 2029, growing at a CAGR of 6.52% during the forecast period (2024-2029).

The food packaging industry in India is poised for substantial growth in the coming years. This is largely attributed to the country's increasing consumption of packaged food, a heightened awareness of quality products, and a parallel demand for sustainable packaging. 

• The food and beverage industry is pivotal in driving the expansion of packaging. With a focus on reducing agricultural waste, the growing investments in the food processing segment are creating new avenues for innovative packaging solutions. These investments are not only helping minimize waste but also enhancing the efficiency and effectiveness of packaging processes, thereby supporting the food packaging industry’s growth.
• Factors such as the expansion of organized retail, a rising middle-income group, and an uptick in exports are bolstering the industry. There is a heightened emphasis on uniform packaging to enhance shelf life, streamline production, and ensure product quality. The increasing purchasing power of the middle-income group is leading to higher demand for packaged food products, driving the need for advanced packaging solutions that meet evolving consumer preferences and regulatory standards.
• India's improving standards of living, increasing wealth, and fast-paced urban lifestyles are fueling the trend of online food delivery and the consumption of packaged foods. Key players in this space, including Zomato, Swiggy, and Dunzo, are witnessing a surge in their online food delivery services, backed by a wave of packaging innovations. These companies are continuously exploring new ways to enhance the consumer experience by adopting innovative packaging solutions that ensure the safety, quality, and convenience of delivered food items.
• However, supply chain disruptions owing to the COVID-19 pandemic created hindrances to the industry’s growth. Fluctuations in the prices of raw materials and stringent regulations imposed by the government on the application of plastic may further dampen the growth rate. The rising environmental concerns and the availability of environmentally friendly alternatives are also anticipated to hamper growth.
• The industry faces significant challenges, especially with the evolving regulations. Heightened environmental concerns, particularly around plastic packaging waste, have prompted governments to implement stricter regulations to curb environmental damage and enhance waste management practices. These regulatory changes are compelling companies to adopt more sustainable packaging materials and practices, which can be both a challenge and an opportunity for the industry. The industry's ability to adapt to these changes will play a crucial role in determining its future growth trajectory.

India Food & Beverage Packaging Industry Segmentation

The growth of organized retail, along with the boom in the e-commerce sector, is driving exponential growth in the industry. This has led to thousands of packets being delivered daily across the country, generating demand for high-quality product packaging.

The food packaging industry in India is segmented into food packaging market and beverage packaging market. The food packaging market is segmented by material (plastic, paperboard, metal, and glass), type of product (pouches and bags, bottles and jars, trays and containers, films and wraps, and other types of products), and application (dairy products, meat, poultry, and seafood, bakery and confectionary, fruits and vegetables, and other applications). The beverage packaging market is segmented by material (plastic, paperboard, metal, and glass), type of product (bottles, cans, pouches and cartons, caps and closures, and other types of products), and application (carbonated soft drinks and fruit beverages, beer, wine and distilled spirits, bottled water, milk, energy and sports drinks, and other applications). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.