Market Trends of India Food & Beverage Packaging Industry
Rising Demand for Innovative and Sustainable Food Packaging is Expected to Drive the Industry’s Growth
- In India, packaged foods are gaining high traction owing to busy work schedules, the rising number of working women, and the shift toward on-the-go consumption. This is expected to increase the utilization of innovative and sustainable packaging in the food industry, fueling the industry’s growth over the forecast period.
- Nanofabrication technologies are emerging as ground-breaking solutions to create active materials for use in the design of packages, coatings, and packaging technologies. These solutions can help maintain and improve sensory and nutritional characteristics, increase food safety, and increase shelf life.
- With growing awareness, the requirement for eco-friendly and sustainable packaging is steadily rising. The country is focusing more on sustainable solutions, which is increasingly becoming imperative for business. Food outlets, restaurants, hotels, hospitals, industries, caterers, and all other users can get eco-friendly food packaging goods from companies like Evirocor in India. The increased use of eco-friendly packaging is anticipated to fuel the industry’s expansion.
- As per IBEF, India's food processing industry is poised for significant growth, driven by evolving lifestyles and dietary preferences due to increasing disposable incomes and urbanization. The industry has seen robust expansion, maintaining an average annual growth rate of approximately 7.3% between 2015 and 2022. Projections suggest that exports of processed fruits and vegetables will surge from USD 1,534 million in FY 2021 to an estimated USD 2,489 million by FY 2024.
- India is experiencing a shift in governmental policies, emphasizing environmental conservation. Consequently, market vendors are rolling out eco-conscious packaging solutions. Many are unveiling packaging lines crafted from sustainably sourced wood fibers, ensuring recyclability. These initiatives underscore the industry's commitment to curbing waste and promoting a product range that is entirely reusable, recyclable, and compostable.
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Growing Usage of Pouches and Bags is Expected to Boost the Industry’s Growth
- Pouches and bags under flexible packaging are witnessing significant expansion. In the food packaging industry, they are the most used type of flexible packaging. As one of the most effective and affordable packaging options, players operating in this industry are choosing pouch packaging.
- The expansion of plastic pouches is fueled by their capacity to permit co-polymerization and by adding plasticizers, blowing agents, antibacterial chemicals, and color-changing additives. Pouches are adaptable, portable, and light. Improvements in pouch features (such as resealable closures, spouts, and tear notches) and pouch manufacturing technologies (such as equipment with improved line speeds) continue to reduce production costs, making pouches more affordable.
- Producers are emphasizing integrating features in items that make life easier for consumers, like zippered closure systems and lightweight options. For instance, Nichrome packages snacks, dry fruits, cereals, and pulses, among others, using India's first vertical pouch packaging equipment.
- Plastic bags are one of the nation's most popular types of plastic packaging. The rise in plastic bags in the nation is mainly due to expanding supermarket chains and Kirana outlets. Plastic carry bags are widely utilized nationwide for bakery, candy, supermarket, and butcher products.
- Furthermore, numerous retail outlets rely on packaging materials to preserve food freshness and retain its nutritional value. The demand for supermarket goods, particularly frozen and chilled meals, is projected to surge in the coming years, thereby propelling the growth of the industry. As per IBEF, the production volume of paper and plastic packaging in India is anticipated to climb from 435.2 million tons in 2021 to 690.0 million tons by 2028. These figures underscore the escalating adoption of diverse packaging materials, underpinning market expansion.
