India Paper and Paperboard Packaging Market Trends

Statistics for the 2023 & 2024 India Paper and Paperboard Packaging market trends, created by Mordor Intelligence™ Industry Reports. India Paper and Paperboard Packaging trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of India Paper and Paperboard Packaging Industry

This section covers the major market trends shaping the India Paper & Paperboard Packaging Market according to our research experts:

Corrugated Boxes to Hold the Significant Market Share

  • Corrugated boxes are multi-layered rigid boxes made from two sheets of paper called liners, glued to either side of a corrugated inner 'fluting' that consists of connected arches, allowing for greater strength and resistance. The corrugated board can be cut and folded to produce a custom-manufactured container and then printed using various print methods depending on run size and design needs.
  • Corrugated packaging is mainly used as a shipping container for multiple industries and point-of-purchase displays and pallets. The boxes come in different flutes. The wavy layer of paper in the middle of a corrugated board gives rigidity, strength, and stackability. These flutes range from A to F. The C flute is the most frequently used, offering a good printing surface, crush resistance, and compression properties to secure products such as glassware, food products, etc.
  • In addition, the boxes are also classified based on board styles, such as single surface, single wall, double wall, and triple wall. To meet such requirements, Gulf Carton Factory offers corrugated boxes ranging from A to F and a combination of flutes, such as BC and EB.
  • Distribution/e-commerce showed the fastest growth, leading to the growth of the corrugated boxes segment of the market studied. E-commerce plays a pivotal role in driving box shipments. Changes in consumer behavior, like ordering products from mobile phones-which never existed two decades ago-are rapidly driving e-commerce growth.
  • The corrugated boxes industry in India is dominated by MSMEs equipped with more than 400 automatic corrugators and more than 10,000 semi-automatic units. The industry has been under the immense pressure of unprecedented cost escalation of kraft paper and reluctant supply chain dislocation for the past two years.
Paper and Paperboard Packaging Industry in India: Share of Paper Board Manufactures in Major Imports, in Percentage, India, FY 2018-2021

Growing Food Industries in India will drive the Growth of the Market

  • The food and beverage sector in India is growing owing to growing awareness, convenient access, and changing lifestyles, fuelling the growth of this sector in India. For instance, in 2021, the Trade Commissioner Service in India, in collaboration with Amazon, developed a Canadian store on the Amazon India platform, a Canada-specific landing, and an e-commerce website highlighting Canadian Agri and Agri-food products accessible in the market. The Amazon site now includes more than 10 Canadian goods. The dedicated online store is expected to serve as a one-stop shop for Canadian products on one of India's largest e-commerce marketplaces.
  • Additionally, Reliance Brands established a strategic relationship with worldwide fresh food and organic coffee chain Pret A Manger in July 2022 to launch and expand the brand in India. With this long-term master franchise arrangement, RBL may expand the food chain across the country, beginning with major cities and transport hubs.
  • In India, the grocery market is a traditional retail industry; therefore, online retail penetration is even lower. However, the food delivery and services market is fostering further growth in the country, with players, like Bigbasket, Grofers, Zomato, Swiggy, and Scootsy registering a rapid increase in sales. According to Japanese conglomerate SoftBank, the revenue of food delivery giant Swiggy surged 2.8 times in the last year between June 2020 and June 2021.
  • Additionally, the Indian e-commerce industry, expected to reach USD 350 billion by 2030, is driving the growth of food packaging in the country. It has led to major players, like Amazon and Flipkart, entering the e-commerce space in food. Amazon has invested USD 35 million to enter this space. Flipkart has planned to invest USD 258 million to enter the retail food space.
  • Food producers, especially prominent FMCG brands, have set ambitious targets to reduce the use of plastics in food packaging and adopt new eco-friendly materials. Therefore, paper-based packaging materials are becoming increasingly popular in India.
  • Furthermore, according to USDA Foreign Agricultural Service, in 2021, the retail sales value of dairy food in the Indian packaged foods market accounted for USD 25.10 billion. There was a consistent and significant increase in retail sales value within the packaged food sector. Such increased growth is expected to drive the demand for paper packaging products in India.
  • SafePack Solutions provides packaging solutions for moist or greasy food items such as ice cream, pizza, or cakes, whether fresh, dried, chilled, or frozen. It provides a variety of boards, such as white-lined chipboard, unlined chipboard, and solid bleached sulfate board, and it offers cost-effective packaging materials without compromising on quality.
Paper and Paperboard Packaging Industry in India: Industry Revenue of Manufacture of Food Products, in Billion USD, India, 2012 to 2024

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