Monday, March 4, 2019
Plastic Bottles, Skin Pack
tractile Bottles, Skin Pack, Tin Can, Boxes, Shrink Wrap, Barrel, C step, Aseptic, Container, Active, Flexible, Rigid Plastic, Metal, Flexible, Glass, Paper Board, Food, Beverage promotion is among the high growth industries in India.A high degree of potential exists for near all user segments which ar expanding appreciably-Processessed foods, hard and soft drinks, fruit and ocean products, cosmetics and personalcare, office stationary and accessories, fabrics and garments, white goods and otherwise durables, electrical appliances and equipments, entertainment and other electronics, shoes and leather ware, gems and jewellery, toys and sports goods, chemicals and fertilizers. Due to lower manufacturing damages, India is fast be approach path a preferred hub for incase production.The Indian incase industry has made a mark with its exports that comprise flattened cans, printed sheets and components, crown cork, lug caps, plastic characterisation laminates, craft paper, paper board and packaging machinery, while the imports include tinplate, stopping point and lining compounds and others. In India, the fastest growing packaging segments are laminates and malleable packaging, especially PET and woven sacks. The market coat for packaging materials & systems for food, pharmaceuticals, cosmetics, toiletries, Ind. products, textiles, handicrafts, etcetera accounts for 4%, while rigid & semi-rigid plastic containers is about 9%.The surface and tin containers accounts for 10%, glass containers 10% , corrugated board & boxes 23%, paper & paper board 36% and other ancillary materials give care tapes straps, labels, adhesives, etc. 8%. Upgradation, both of functionality and aesthetics, characterizes the repenny trends in the industry. Elaborate and much expensive packaging is penetrating deeper into marketing of industrial products and even agro-based products, identical food and personalcare products, drugs and pharmaceuticals, consumer durables and elec tronic products, especially entertainment products.Packaging market size in India is about Rs 65,000 crore is growing at the rate of 15 per cent per annum. Currently rigid packaging enjoys more than 65% market administer but the traditional rigid packaging users are migrating to flexible packaging in a big way. Market size of PET/BOPP and other flexible film-based manufacturing segment is estimated at around Rs 25 billion. The cost impress of PET film and BOPP film on the overall packaging cost ranges from 35-85% depending on the product to be packaged.The main players are Paper Products, Akar Group, betoken Press, India Foils, RT Packaging and Mukund Flex Pack. Akar Group consists of Akar Laminations, Sharp Industries and Vishnu Vijay Packagers. The overall growth rate of the industry has tapered off to around 9%. The flexible packaging industry is expected to grow at about 10-15% per annum in the coming years. The laminated products are growing at around 30% p. a. There are abo ut 600-700 packaging machinery manufacturers, 95% of which are in the small and mass medium sector located all over India.
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