India’s Packaging Market Gains Momentum: Nine Established Players to Watch

India’s manufacturing and e-commerce expansion is fueling higher demand for packaging, making the country one of the world’s fastest-growing packaging markets and opening up substantial opportunities. Indian media reports put the sector at USD 24.6 billion at the end of 2013, with growth to USD 32 billion projected by 2025.

SethunathP, president of Indian packaging media DiadeisAlia, says FMCG and pharmaceutical sectors generate especially strong packaging demand. Rising middle-class consumption has also made white goods a major growth driver. In addition, India’s fast-expanding e-commerce market needs large volumes of corrugated cartons, which should further boost packaging, while India’s own manufacturing base will increase its packaging purchases and help create more jobs in the sector.

India’s packaging industry is, in fact, a long-established sector, with century-old businesses found across the landscape.

1. BalmerLawrie&companyLimited

BalmerLawrie&companyLimited is a major Indian producer of plastic drums and various other plastic products. Established in 1867, it has operated for nearly 150 years and is headquartered in Kolkata, West Bengal, India.

1. EssDeeIndia

Founded in 1905, EssDeeIndia ranks among India’s oldest packaging companies, with offices in Mumbai, Maharashtra. It is recognized for packaging and aluminum foil production and is Asia’s largest aluminum foil producer. The company also offers a range of packaging services and has built a strong industrial reputation over many years.

1. MaxIndiaLimited

MaxIndiaLimited was founded in 1985, with offices in New Delhi, India. MaxSpecialtyCompany is known for its packaging and film operations and has posted notable growth in recent years.

1. Jindal Poly Films Limited

Jindal Poly Films Limited (indalPolyFilmsLimited), a subsidiary of the Jindal Group, was founded in 1985 and is headquartered in New Delhi, India. Known for packaging and film businesses, it produces polyester and polypropylene and is one of India’s leading film manufacturers. With decades in the sector, it remains among the industry’s leaders.

1. Uflex

Uflex, founded in 1983 and headquartered in Noida, Uttar Pradesh, India, has a strong name in packaging. It delivers complete packaging solutions for FMCG, printing, manufacturing and engineering industries. One of the few Indian companies certified to ISO 9001 and 14001, Uflex is also a leading supplier and producer of BOPET and BOPP films.

1. Time Technoplast Limited

Time Technoplast Limited is a multinational based in Mumbai, Maharashtra, India. Founded in 1998, it operates in packaging and manufacturing and has overseas activities. Its presence is well received in Belgium, China, South Korea, Poland and Romania. A leading polymer producer, the company also participates in healthcare, lifestyle and other sectors.

1. Flexituff International Limited

Flexituff International Limited was established in 2003, with offices in Dhar district, Madhya Pradesh. Over the years it has earned recognition in packaging and also makes high-end bags and prototype bags, liner bags, sling bags and single-loop bags.

1. TCPL Packaging Limited

TCPL Packaging Limited was founded in 1987, with a cosmetics company office in Mumbai, India. It is one of the packaging companies serving India’s liquor industry and is known for more than 30 years of professional packaging expertise.

1. Ester Industries Limited

Ester Industries Limited was founded in 1985, with offices in Gurugram, Haryana, India. Known for packaging and film production, it is a major Indian producer of plastic compounds. The company supplies polyester and engineering plastics and is regarded as a trusted player in this field.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-377422.html