Research and Markets has announced the addition of the "Plastic Packaging Market in India 2014" report to their offering.
The latest market research report titled Plastic Packaging Market in India 2014 captures the largest segment of the overall domestic plastic packaging market. Plastic is the most common form of packaging being used in recent times because of its unique benefits that are as yet unmatched by other forms of packaging. The emerging retail sector and increased consumerism have provided a boost to the packaging sector, which further stimulates the demand for plastic packaging materials.
Accelerated growth in the food and beverage sector, along with rise in demand witnessed within the FMCG sector, pharmaceutical industry, paint and lubricant industry together comprise some of the key factors propelling the plastic packaging sector. However, the industry also has to contend with several bottlenecks.
Ban on plastic packaging of certain commodities is increasingly having an adverse impact on the industry. The Indian government is considering a ban on the usage of plastic owing to the potential health hazards arising from use of plastic bottles.
The domestic plastic packaging market is clearly segmented into the organized and unorganized sectors wherein the organized sector caters to the larger industry base that requires plastic packaging.
Although the sector comprises both rigid as well as flexible plastics, the preference for flexible packaging over its rigid counterpart has been evident with the passage of time. In-mold label is also gaining popularity within the plastic packaging sector. Technologies using Bioplastics and nanoparticle layered plastic packaging are slowly gaining prominence.
Plastics have increasingly replaced traditional materials in the Indian packaging sector due to their light weight and superior functionality. The Indian plastic packaging market is a robust market at present and has strong growth potential in the upcoming years.
Companies Mentioned
Public Companies
- BASF India Ltd.
- Essel Propack Ltd.
- Ester Industries Ltd.
- Jindal Poly Films Ltd.
- Manjushree Technopack Ltd.
- MoldTek Packaging Ltd.
- Nilkamal Ltd.
- Uflex Ltd.
Private Companies
- APT Packaging Ltd.
- Clear Mipak Packaging Solutions Ltd.
- Graham Blow Pack Pvt. Ltd.
- Parksons Packaging Ltd.
For more information visit http://www.researchandmarkets.com/research/jl8b6k/plastic_packaging
Source: http://www.researchandmarkets.com/