The packaging materials market is divided into product categories such as bottles and cans, drums and IBCs, bags, pouches, and wraps, closures and lids, boxes and crates, and others. The market share of bags, pouches, and wraps was over 35% in 2023, and it is expected to continue growing through 2032.
Additionally, there has been a significant increase in per capita spending, which has changed rural markets and created a growing middle class that demands the best products. To extend the shelf life of food products, industry is using a variety of advanced technologies, including aseptic packaging, retort packaging, and biodegradable packaging. Furthermore, the paper packaging industry is valued at 7.6 million tons, whereas the plastic packaging market is growing at a rate of 20–25 percent annually and is estimated to be 6.8 million tons. The expanding market for flexible packaging and the growing use of cutting-edge packaging machinery will drive the packaging industry’s rapid growth.
List of Top 11 Construction – Packaging – Packaging Materials in India (BSE) based on Net Profit.
| Company Name | Net Profit (Rs. cr) |
| AMD Industries | 19.21 |
| Hind Tin Works | 16.5 |
| Guj Containers | 11.09 |
| Shetron | 6.2 |
| Trans Freight | 5.86 |
| Family Care Hos | 5.26 |
| Perfect Pack | 2.83 |
| Duro Pack | 2.14 |
| Rajasthan Cylin | 0.31 |
| Vinayak Polycon | 0.12 |
| Rollatainers | 0 |
Source: BSE, India, last updated 17 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Tian, X., Zhao, K., Teng, A., Li, Y., & Wang, W. (2024). A rethinking of collagen as tough biomaterials in meat packaging: assembly from native to synthetic. Critical Reviews in Food Science and Nutrition, 64(4), 957-977.
2. Basnur, J., Putra, M. F. F., Jayusman, S. V. A., & Zulhilmi, Z. (2024). Sustainable packaging: Bioplastics as a low-carbon future step for the sustainable development goals (SDGs). ASEAN Journal for Science and Engineering in Materials, 3(1), 51-58.
3. Roy, S., Ghosh, T., Zhang, W., & Rhim, J. W. (2024). Recent progress in PBAT-based films and food packaging applications: A mini-review. Food Chemistry, 437, 137822.
4. Haq, M. R. I., Nurhaliza, D. V., Rahmat, L. N., & Ruchiat, R. N. A. (2024). The influence of environmentally friendly packaging on consumer interest in implementing zero waste in the food industry to meet sustainable development goals (SDGs) needs. ASEAN Journal of Economic and Economic Education, 3(2), 111-116.
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