In today’s world packaging has become a major component for the commercial success of any commodity worldwide. Every successful business is also, depends upon how good the packaging is done on specific products. Every packaging industry uses packaging as an aggressive tool for marketing, which helps in showcasing products and branding. Packaging not only wrapped or protect the product; it is more about attracting the customers and creating an image for the product that it encloses.
The packaging Industry includes requires a technology and design work for proper maintenance for storage, shipping, and sale. Packaging always takes in the product manufacturer’s marketing efforts. Take an example of any e-commerce company, their customer satisfaction is not only signified from the quality of products but, also from the way product is packaged.
NPCS helps to setup packaging industry of any field, provides a complete guideline. Some of reference of NPSC are mentioned her which will be so valuable for you for set-up of Industries.
Growing Demand:
By 2027, the global food packaging market size is expected to reach USD 456.6 billion, over the forecast period expanding at a CAGR of 5.2%. Living in an era, where everybody is looking forwards as per their convenience, this trending change in lifestyle and alternative eating habits boost the market growth.
In the packaging industry, there has been tremendous rapid growth for single-serve and portable food packs. Such increasing purchasing power of buyers owing to rising per capita income is expected to boost the growth. And more increasing in urban population and attraction toward ready-to-eat meals by costumers is expected to spur the demand for food packaging.
Related Books:- Handbook on Modern Packaging Industries (2nd Revised Edition)
There is a high need for effective packaging solutions for consumers regarding contamination and food safety is predicted to bolster the demand. Also, an increasing number of retail chains are expected to propel sales of packaged food and helps for driving the market growth. Such a surge in demand for food delivery services increases the positive impact on the industry.
Total Investment:
In 2019, the Indian packaging market was valued at USD 50.5, and by 2025 it is expected to reach USD 204.81 billion, registering a CAGR of 26.7% during the period of 2020-2025. As per recent data of Chambers of Commerce and Industry of India, by 2020, the market size for organized packaged food is expected to reach INR 780 million from INR 530 million as per 2016 data.
Related Books:- Food Packaging Technology Handbook (2nd Revised Edition)
According to the recent data of Indian Institute of Packaging (IIP), the packaging consumption in India has increased by 200% in the past decade. It has raised from 4.3 kg per person per annum (pppa) to 8.6 kg pppa. As per many recent studies, it has been identifying about different market segmentation based on different materials such as like paper, plastic, glass, Wax-coated corrugated is a prime example of this type of packaging, metal, include food, beverage, healthcare, cosmetics, personal care, and household care and industrial segment.
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Competitive Landscape:
Talking about the Indian market, there has been tremendous competition in packaging industry which is in fragmented nature. Several players are highly engaged in this competitive land scale to improve their market share. Several companies are increasing their market expansion through which results for the rising demand for packaging applications, along with this many technological advancements are included in these industries. Some of the major players in these industries are WestRock India Pvt. Ltd, OJI India Packaging Pvt. Ltd, Deccan Cans & Printers Pvt. Ltd, among others.
Environmental Packaging Considerations:
In order to achieve or meet Environmental guidelines and instruction, NPCS’s has special assisting Team to help you. NPCS’S aims for setting of environmentally friendly industries.
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- One of the biggest challenges in the packaging industry is to meet the requirements with the amount and degree of packaging required without excess. Overpackaging and wasteful “just in case” packaging is undesirable for both the supplier and the user.
- Non-recyclable packaging is that which has no available or economical system in place to reprocess the material used. Wax or the plastic-coated paper is prohibited because it contaminates the recycling process.
- Non-kraft products do not have any recycling value and therefore is unacceptable. Recycling centers will not accept it; therefore, rail industry suppliers shall not use it.
- The use of lead and cadmium in packaging and/or labeling material is strictly prohibited.
- Every effort should be made to reduce the use of plastic. If it cannot be eliminated, other changes can be made to assist with the effectiveness of the packaging: