Corrugated
packaging is an ancillary product that is gaining reviews from many
stakeholders in India. After big organizations like Flipkart many
big players expect industrial goods to scale-up production amidst growing
concerns about input costs. There have been voices raising concern over the
multi-sectoral capabilities for producing packaging of all types, 3-ply, 5-ply,
corrugated trays, and colored boxes.
Paper
and paper production industry leverage in packaging shows India to be the fifth
largest in the world. India consumes 17.2 MMT of paper and exports 0.76 MMT of
paper overall as per research data in previous years. For meeting production
volumes of packaging, most of the paper produced inland is used. Key players in
the industry (90%) come from the unorganized sector and almost half of the
production of corrugated is from the unorganized sector. The retail industry
and the economic boom show packaging demand will increase. Already 40% of the total paper produced in the country is used in packaging. Thus, industrial
production for a fast-developing market ($50bn) is expected in the coming years
soon.
Packaging products from the sources of design come from the following
three;
· Primary packaging is meant
for end and final customers
· Secondary packaging for
transport and packing purposes
· Tertiary packaging is new products for enhancing service deliveries from production to point of sales like courier bags, paper bags, polyethylene bags, paper tapes, and hardbound paper
Production for all three segments happens every year and
these can be further segmented into;
1. By end-use in consumer and bulk
packaging
2. By secondary product packaging into
rigid, flexible, and rest all packaging
Rigid
packaging consists of metal, containers, glass bottles, rigid plastics, paper
cartons, and wooden racks. Flexible packaging consists of milk pouches, standup
pouches, laminated tubes, medicine bottles, foam packaging, CD cases, and food
containers. Rest of all packaging is caps and closures, labels, and secondary
packaging.
Packaging benefits that we all know are safety, protection, attractiveness,
usability, and sustainability. Consumers are aware of these and the many
benefits of packaging. As the growth happened for big firms later, is then the
Indian packaging industry still nascent?
Figures show for one the per capita consumption of corrugated packaging in
India is lowest in Asia among competitors like China, Malaysia, and Thailand.
It cannot be underestimated that the market expectations are of 50$bn industry
in later years. So, the question is that as the new packaging products enter
India’s urban sector market, the town, and city’s packaging requirement goes
over into older quality packaging. More so from assessing a better business
fulfilling urban requirements than other regions, or fulfilling a particular
region-based need, and later we find there are exports of wood pulp into China.
Market changes for new forms of packaging, changing demographics, and FMCG will
increase demand for packaging. Overcoming these challenges is gainful for a
longer period for the industry. Many new supply specifications and the most
pertinent ones might need to meet stringent specifications in volumes, provide
alternative designs, and just-in-time deliveries at optimum cost.
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