The term "liquid packaging" describes the different products and container types used to pack, move, and store liquids and semi-liquids. To make it easier to transport and store these substances safely for a longer period of time, the right liquid packaging must be used. The term "liquid packaging" covers a variety of formats, including stiff choices like bottles and containers as well as flexible ones like films, stand-up pouches, squeezable tubes, cartons, and bag-on-box packaging. These solutions can be made up of a single substrate or a number of layers, like liquid cartons do. Both food and non-food goods, such chemicals, can be packaged using them.
India Liquid Packaging Market Driving Factors and Challenges
The India liquid packaging market is anticipated to expand rapidly throughout the forecast period due to rising demand in the food and beverage and pharmaceutical industries. One of the greatest consumer bases worldwide is found in the food and beverage, cosmetics, and pharmaceutical sectors, which are also the main end users of liquid packaging. There is now more demand for packaged beverage products and other FMCG goods as a result of rising disposable income and changing lifestyles. Platforms for e-commerce offer services for all consumer goods that come in liquid packing. Products for personal care, cosmetics, over-the-counter medications, topical treatments, and home care are all included. E-commerce co-packers also demand specialized packaging options with shorter lead times. Thus, during the forecast period, the expansion of the FMCG (fast-moving consumer goods) market would increase demand for liquid packaging.
However, there are a number of obstacles that the liquid packaging market in India must overcome in order to expand and thrive. In India, there are several small-scale businesses and a highly fragmented market for liquid packaging. As a result, there may be fierce competition, price pressures, and difficulties establishing a brand's reputation and gaining market dominance. Additionally, adhering to rules and regulations set forth by the government on packaging, labelling, and safety can be a time-consuming and expensive procedure. For liquid packaging companies, keeping up with changing rules and ensuring compliance throughout several states and regions of India can be difficult.
Impact of COVID-19 on India Liquid Packaging Market
The India Liquid Packaging Market has been significantly impacted by the COVID-19 outbreak. First, the delay in obtaining packaging materials has impacted manufacturing schedules due to the disruption in global supply chains. Second, there has been a fall in the use of packaged liquids as a result of the severe lockdown measures and decreased economic activity. In order to ensure product integrity and reduce the danger of contamination, packaging design and materials have also had to adapt as a result of the increased emphasis on hygiene and safety. The epidemic has also emphasized the significance of environmentally friendly packaging options, pushing the industry in that direction. Overall, the market has had difficulties due to disruptions in the supply chain, shifting customer preferences, and the demand for creative packaging solutions.
India Liquid Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AGI Greenpac, Canpack, Essel, Firozabad Cluster, Hindustan National Glass & Industries Limited, Huhtamaki, PGP Glass, Tetra Pak, Tinplate, Uflex, Others.
India Liquid Packaging Market Segmentation:
By Material: Based on the Material, India Liquid Packaging Market is segmented as; Glass, Metal, Plastic, Others.
By Technology: Based on the Technology, India Liquid Packaging Market is segmented as; Aseptic Liquid Packaging, Blow Molding, Form Fill Seal.
By Packaging Format: Based on the Packaging Format, India Liquid Packaging Market is segmented as; Flexible, Rigid.
By End User Industry: Based on the End User Industry, India Liquid Packaging Market is segmented as; Food & Beverage, Household Care, Industrial, Personal Care, Pharmaceutical.
By Region: This report also provides the data for key regional segments of Central India, Eastern India, Northeastern India, Northern India, Southern India, Western India.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.