Market Share of India Paper Packaging Industry
The Indian paper packaging market contains many companies with low profitability (CAGR), which creates strong rivalry conditions to capture share in the market studied. Overall, the intensity of competitive rivalries is expected to be high over the forecast period. Some key market vendors in the region include International Paper Company, West Rock India, Trident Paper Box Industries, TGI Packaging Pvt. Ltd., and Kapco Packaging.
In March 2023, Parksons acquired MK Printpack, a folding carton player with strong capabilities in fluted packaging and a strategically located manufacturing footprint.
In July 2022, TCPL acquired an 83% equity stake in Creative Offset Printers Private Limited (COPPL). TCPL enters the high-potential rigid box market, which is focused on one of the smartphone markets growing at the fastest rate in the world, with this acquisition. In order to target India's significant upcoming mobile manufacturing hub, COPPL's manufacturing facility is strategically located in Noida.
India Paper Packaging Market Leaders
West Rock India (West Rock Company)
Trident Paper Box Industries
TGI Packaging Pvt. Ltd
Kapco Packaging
OJI India Packaging Pvt. Ltd (Oji Holdings Corporation)
*Disclaimer: Major Players sorted in no particular order
