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

The market size of the Food & Beverage Packaging industry in India is experiencing significant growth, driven by factors such as increased consumption of packaged food, heightened awareness and demand for quality products, and increased investment in the food processing sector. The market expansion is also influenced by the growth of organized retail, increased purchasing power of the middle-class population, and exports. However, the market faces challenges such as dynamic regulatory changes due to environmental concerns and disruptions in the supply chain due to the COVID-19 pandemic. The rising environmental concerns and the availability of eco-friendly alternatives are also expected to affect the market's growth.

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Market Size of India Food & Beverage Packaging Industry

India Food And Beverage Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 35.93 Billion
Market Size (2029) USD 49.27 Billion
CAGR (2024 - 2029) 6.52 %
Market Concentration Low

Major Players

India Food & Beverage Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Food Packaging in India 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).

India has seen sustainable packaging growth in food and beverage due to increased packaged food consumption and awareness and demand for quality products.

  • India's food and beverage sectors are the main drivers of the packaging market's expansion. Growing investment in the food processing sector is opening up new packaging opportunities due to efforts to reduce agricultural crop waste.
  • The expansion of organized retail, the rise in the middle-class population's purchasing power, and exports contribute to the market's growth. As a result, uniform packaging is now required to increase shelf life, maintain production speed, and guarantee quality.
  • A greater level of living, increased wealth, and the fast-paced lifestyle of urban areas are all contributing to the expanding trend of online food delivery combined with packaged food. Presenters like Zomato, Swiggy, and Dunzo, among others, are examining the online food delivery business with rising acceptance and packaging innovation.
  • The market is expected to be significantly challenged due to dynamic changes in regulatory standards, primarily due to increasing environmental concerns. Governments worldwide have been responding to public concerns regarding plastic packaging waste and implementing regulations to minimize environmental waste and improve waste management processes.
  • However, supply chain disruptions owing to the COVID-19 pandemic created hindrances to the market's growth rate. Fluctuations in the prices of raw materials and stringent regulations imposed by the government on the application of plastic may further dampen the market's growth rate. The availability of environmentally friendly alternatives and rising environmental concerns are also anticipated to hamper the market's growth.

Food Packaging in India Industry Segmentation

Increasing organized retail, along with the boom in the e-commerce sector across the Indian food and beverage packaging industry, is growing exponentially. This resulted in thousands of packets being delivered every day across the country and demanded quality packaging of the products.

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

India Food Packaging Market Segmentation
By Material
Plastic
Paperboard
Metal
Glass
By Type of Product
Pouches and Bags
Bottles and Jars
Trays and Containers
Films and Wraps
Other Types of Products
By Application
Dairy Products
Meat, Poultry, and Seafood
Bakery and Confectionary
Fruits and Vegetables
Other Applications
India Beverage Packaging Market Segmentation
By Material
Plastic
Paperboard
Metal
Glass
By Type of Product
Bottles
Cans
Pouches and Cartons
Caps and Closures
Other Types of Products
By Application
Carbonated Soft Drinks and Fruit Beverages
Beer
Wine and Distilled Spirits
Bottled Water
Milk
Energy and Sports Drinks
Other Applications

India Food & Beverage Packaging Market Size Summary

The Food & Beverage Packaging Market in India is experiencing substantial growth, driven primarily by the country's food and beverage sectors. Key factors contributing to the market's expansion include growing investments in the food processing sector, the rise of organized retail, increased purchasing power of the middle class, and rising exports. The fast-paced lifestyle of urban areas and the increasing trend of online food delivery are also contributing to the market's growth. However, the market faces challenges due to changes in regulatory standards, primarily due to environmental concerns and supply chain disruptions caused by the COVID-19 pandemic. In terms of market trends, there is a rising demand for innovative and sustainable food packaging in India, driven by the increasing consumption of packaged foods, busy work schedules, and the shift towards on-the-go consumption. The growing awareness and demand for eco-friendly and sustainable packaging is also influencing the market. Additionally, the usage of pouches and bags is boosting the market's growth due to their affordability and effectiveness. Key players in the market include Parekhplast India Limited, Essel Propack Limited, Pearl Polymers Ltd, TCPL Packaging Ltd, and UFlex Ltd, all vying to increase their market share.

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India Food & Beverage Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Drivers

      1. 1.4.1 Increasing Penetration of the Processed Food is Expected to Drive the Growth in Packaging

      2. 1.4.2 Acceleration in Packaging Machinery Imports, Leading to Proliferation of Food and Beverage Packaging Industry

    5. 1.5 Market Restraints

      1. 1.5.1 Lack of Exposure to Best Management and Manufacturing Practices

    6. 1.6 Assessment of COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 India Food Packaging Market Segmentation

      1. 2.1.1 By Material

        1. 2.1.1.1 Plastic

        2. 2.1.1.2 Paperboard

        3. 2.1.1.3 Metal

        4. 2.1.1.4 Glass

      2. 2.1.2 By Type of Product

        1. 2.1.2.1 Pouches and Bags

        2. 2.1.2.2 Bottles and Jars

        3. 2.1.2.3 Trays and Containers

        4. 2.1.2.4 Films and Wraps

        5. 2.1.2.5 Other Types of Products

      3. 2.1.3 By Application

        1. 2.1.3.1 Dairy Products

        2. 2.1.3.2 Meat, Poultry, and Seafood

        3. 2.1.3.3 Bakery and Confectionary

        4. 2.1.3.4 Fruits and Vegetables

        5. 2.1.3.5 Other Applications

    2. 2.2 India Beverage Packaging Market Segmentation

      1. 2.2.1 By Material

        1. 2.2.1.1 Plastic

        2. 2.2.1.2 Paperboard

        3. 2.2.1.3 Metal

        4. 2.2.1.4 Glass

      2. 2.2.2 By Type of Product

        1. 2.2.2.1 Bottles

        2. 2.2.2.2 Cans

        3. 2.2.2.3 Pouches and Cartons

        4. 2.2.2.4 Caps and Closures

        5. 2.2.2.5 Other Types of Products

      3. 2.2.3 By Application

        1. 2.2.3.1 Carbonated Soft Drinks and Fruit Beverages

        2. 2.2.3.2 Beer

        3. 2.2.3.3 Wine and Distilled Spirits

        4. 2.2.3.4 Bottled Water

        5. 2.2.3.5 Milk

        6. 2.2.3.6 Energy and Sports Drinks

        7. 2.2.3.7 Other Applications

India Food & Beverage Packaging Market Size FAQs

The India Food & Beverage Packaging Market size is expected to reach USD 35.93 billion in 2024 and grow at a CAGR of 6.52% to reach USD 49.27 billion by 2029.

In 2024, the India Food & Beverage Packaging Market size is expected to reach USD 35.93 billion.

India Food Packaging Market Report Snapshots

Food Packaging Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)