India Paper & Paperboard Packaging Market Outlook

The paper and paperboard packaging market in india is estimated to reach a value of $69.35 billion by 2032, exhibiting a cagr of 5.27% during the 2018-2032 period. this market will grow mainly on account of increasing consumer preference for customized packaging, rising demand for convenience containers, and the growing need for sustainable packaging by manufacturers. the growing shift towards lightweight products for both primary and secondary packaging will further help the growth of the india paper and paperboard packaging industry. additionally, the expansion of the food & beverage industry due to technological advancements and the increasing demand from e-commerce players is likely to support the growth of the market in the forecasted period. the increase in prices of raw materials over the past few years is expected to restrain the growth of the paper and paperboard packaging market in india, as these higher costs will be ultimately be passed onto the end user, leading to higher prices for consumers. despite this, the market’s growth is expected to remain steady due to the increasing demand from several industries including personal care & cosmetics, food & beverage, and pharmaceuticals. in terms of product type, the paper and paperboard packaging market in india is divided into corrugated boxes, paper bags, sacks, folding cartons, plastic wraps, and others. in terms of material type, the market is bifurcated into bleached paper & paperboard, unbleached paper & paperboard, recycled paper & paperboard, and others. by application, the paper and paperboard packaging market in india is segmented into food & beverage, pharmaceuticals, household care, personal care & cosmetics, and others. for the major players in the india paper and paperboard packaging market, some of the key strategies include new product development, expansion of operations, and mergers & acquisitions. leading global players including amcor ltd, packaging corporation of america, mondi group, international paper company, sonoco products company, and smurfit kappa group are vying for a piece of the pie in the competitive indian paper & paperboard packaging market.