The Indian packaging industry is witnessing a gradual shift from rigid to flexible packaging as flexible packages are visually more appealing, cheaper and durable compared to rigid packages.

Plastic is the most common form of packaging being used in recent times. It has a dominant share in the Indian packaging market. Currently, the plastics and polymer consumption in India is growing at an average annual rate of ~10%. The benefits of flexible packaging which includes aroma retention, convenient transportation and usage, light weight, strength and barriers against moisture, among others, has led to its greater applications in packing products like tea leaves, snacks, ready to eat and ready to cook foods, cosmetic products and food products.

Although the industry comprises both rigid as well as flexible packaging materials, the preference for flexible packaging over its rigid counterpart has been evident with the passage of time. The in-mold label is also gaining popularity within the plastic packaging sector. Indian flexible packaging industry is poised to grow at a CAGR of ~24.3% over the next five years, along with the steady economic growth of the country. Coverage: Overview of Indian packaging market - market size, growth forecast and market segmentation Overview of the Indian flexible packaging market and forecasted market size data in terms of value over FY 2015 to FY 2022.

Changing lifestyle pattern of Indian people is influencing their consumption pattern, which in turn is expected to drive the demand of the domestic flexible packaging market. Some of the notable players in the Indian flexible packaging market include Cosmo Films Ltd., Essel Propack Ltd., and Garware Polyester Ltd., among others. Ban on plastic packaging due to environmental concern, lack of packaging machinery and domestic technology is acting as a major growth deterrent of the domestic flexible packaging industry. However, India has witnessed a considerable rise in export of flexible packaging products during FY 2013 to FY 2017.

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