The latest report by IMARC Group, titled “India Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the India paper packaging market size reached a value of US$ 16.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Industry Definition and Application:
Paper packaging represents a cost-effective method of preserving, transporting, and protecting various items using rigid and flexible packing products, such as corrugated boxes, paper bags, inserts and dividers, folding boxes, and cases. It is manufactured by bleaching fibrous compounds derived from wood or recycled wastewater pulp. Paper packaging is sturdy, lightweight, durable, versatile, and widely available in several shapes, sizes, and colors, depending on the requirement of the end users. As a result, this solution finds widespread applications across various sectors, including retail, food and beverage (F&B), cosmetics, and healthcare.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
India Paper Packaging Market Trends:
The escalating product demand across the food and beverage (F&B), healthcare, and personal care industries as a sustainable alternative to plastic packing materials is among the primary factors fueling the India paper packaging market. Besides this, the shifting preference of business firms towards sustainable and eco-friendly packing solutions, owing to the launch of several policies by the government bodies to minimize the usage of single-use plastics, is further augmenting the market growth. Moreover, the rising environmental consciousness toward reducing carbon footprints from conventional packaging materials is also catalyzing the market across India. Apart from this, the extensive utilization of carton boards or paperboards as an outer packaging, on account of their stiffness, rigidity, and toughness, providing compression strength to protect the contents during transportation, is acting as another significant growth-inducing factor. Furthermore, the increasing sales of items through online shopping platforms are bolstering the demand for secondary and tertiary packing products across the country, which are anticipated to propel the India paper packaging market over the forecasted period.
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Key Market Segmentation:
The report has categorized the market based on product type, grade, packaging level and end use industry.
Breakup by Product Type:
Breakup by Grade:
Breakup by Packaging Level:
Breakup by End Use Industry:
Breakup by Region:
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Key highlights of the report:
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