Flexible Packaging Market Forecast in India
The relevance of research
Flexible packaging continues to be popular in Europe, the US and India. Consumer companies pay attention not only to democratic cost, but also to additional properties that can be obtained by combining polymeric materials and creating new additives and coatings, and the possibility of flexible packaging as an object of communication with the consumer.
Purpose of the study
Analyzing the state of the flexible packaging market in India, assessing the market size, analyzing competitors, and identifying factors influencing the flexible packaging market
Content
Chapter 1. Economic characteristics of the flexible packaging market
1.1. Market size
1.2. Market Growth Rate
1.3. Market trends
1.4. The main problems of the industry
1.5. Industry life cycle stage
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. The pace of technological change and product innovation
1.9. Sales channels
1.10. Compact location of industry companies in certain regions
Chapter 2. General economic environment
2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the market
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Competition from substitute products
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Studying scenarios for the development of the industry in terms of quarantine in connection with covid-2019
4.3.1. Single Quarantine Scenario (according to the Chinese release schedule)
4.3.2. Scenario of two quarantines
4.4. Analysis of existing cases of business restructuring in the industry
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting
Research excerpt
Chapter 1. Economic characteristics of the flexible packaging market
1.1. Market size
At the end of 2020, the volume of the flexible packaging market in India amounted to … thousand tons, which is …% higher than the level of 2014. In monetary terms, the market volume in 2020, according to …, amounted to about … billion Rs.
Flexible packaging continues to be popular in Europe, the US and India. However, consumer companies pay ...
The leader in the production of flexible packaging in India is ... The second largest production capacity is ""..."" - ... thousand tons / month, followed by ...
1.2. Market Growth Rate
The development of an independent flexible packaging market in India began in the mid-90s, when one of the largest customers for packaging manufacturers was …
In 2015, there is … the market in the study period – …%. There was a slight shortage in the market ... The consequence of this situation was ...
In 2017, the situation on the packaging market remains... The devaluation effect is almost completely...
By 2019, it began to be observed ... in most companies operating in the commodity markets. In 2020, the demand for packaging was supported by the growth of …, primarily goods …, at the end of the year, the market volume amounted to about … thousand tons, which exceeded the level of 2019 by …%.
Diagram 1. Dynamics of the market volume of flexible packaging, 2014 - 2020, thousand tons
1.3. Market trends
Let's highlight the main trends that affect the flexible packaging market:
Growth in production and application…;
Improvement…;
Development of retail …;
The packaging remains...;
Development …;
...
1.4. The main problems of the industry
The main issues in the industry include:
...
1.5. Industry life cycle stage
The flexible packaging industry is… in phase… of all stages of the life cycle. It is built on consumption...
The level of competition in the flexible packaging market has become…
1.6. Estimation of the number of buyers and their financial capabilities
The dynamics of demand in the flexible packaging market is determined by production trends ... Their financial capabilities determine the growth rate of consumption in a particular food market and, accordingly, the pace ...
Diagram 3. Dynamics of production of milk, yogurt and ice cream, 2017-2020, thousand tons
For the period 2017-2020 the production of milk and ice cream has ... For the given period, the volumes of milk production …%, ice cream – …%. In the study period, there is a decrease in production …%, however, in Jan.-Feb. 2021 volumes …
For the period 2017-2020 production volumes of mayonnaise …%, ketchup and tomato sauces – …%. In Jan.-Feb. In 2021, the production of ketchup and tomato sauces continued ...
For the period 2017-2020 tea and coffee production has … dynamics: coffee production volumes for three years …%, tea – by …%. In Jan.-Feb. 2021 there is some …
The production of flexible packaging for pet food is…
The production of animal feed is one of the … flexible packaging consumption segments. For the period 2017-2020 the average growth rate was …%, in the first quarter of 2021 compared to the same period in 2020, the growth rate was …%.
Thus, the flexible packaging segment for pet products is…
1.7. Estimated consumption per capita
The volume of consumption of flexible packaging per capita in the period under review annually shows ... For 2016-2020. consumption of flexible packaging increased by …% and by the end of 2020 amounted to … kg/person.
Large manufacturers are switching to domestic flexible packaging, which is due to …
Diagram 5. Consumption volume in the flexible packaging market per capita, 2016-2020, kg/person
1.8. The pace of technological change and product innovation
...
1.9. Sales channels
A number of orders for the supply of flexible packaging are carried out through tenders. This method of selecting suppliers is used mainly ...
Due to the large number of tenders for the purchase of flexible packaging, the table includes completed tenders with contract amounts of more than 2 million Rs.
1.10. Compact location of industry companies in certain regions
The compactness of the placement of companies in the flexible packaging industry in the regions corresponds to the regional distribution ...
The highest concentration of production capacities is observed in … oblast – …%, … oblast – …%, … Other regions account for …%.
Regional disproportion in the production of multilayer materials (…) leads to the emergence of ...
Diagram 6. Compactness of location of companies in the industry in certain regions, 2020, %
Chapter 2. General economic environment
2.1. Economic components
GDP dynamics
GDP is a macroeconomic indicator that reflects the market value of all final goods and services produced in a year in all sectors of the economy on the territory of the state for consumption, export and accumulation.
The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines the key trends in consumer effective demand and economic activity.
In 2012-2014 the GDP growth rate was positive, but was constantly declining, and in 2015 it was ... In 2015, which was the peak of the crisis in the state, the decline in GDP was ... is directly proportional to the well-being of citizens, then this indicates ...
In 2016, GDP stagnated, at the end of 2017 this indicator shows a positive trend, namely, an increase of 1,8% compared to the previous year.
According to the results of 2017-2019, the dynamics of GDP …
The decline in India's GDP, according to the second estimate of Rosstat, amounted to …%. This is the biggest drop in GDP since 2009, when the country's economy shrank by …%. According to Rosstat, the decline in GDP is mainly due to …
In general, economists are building ... forecasts for 2021. After the collapse of the global economy and financial markets associated with the coronavirus, experts are waiting for ...
...
2.2. Social Components
...
2.3. Technological components
...
2.4. Political Components
...
2.5. STEP-analysis of the market
According to the results of the performed STEP-analysis, macro-environment factors … influence the development of the flexible packaging market.
Negatively influenced by ... factors, ...
Among the positive factors it is worth noting…
Table 5. STEP analysis of factors affecting the flexible packaging market
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
...
3.2. Number of competitors and relative market shares of the largest competitors
In India, there are more than ... companies printing flexible packaging, with a total of ... printing machines. This number includes companies with equipment ...
Also on the market are companies with …
A few years ago, large flexible packaging companies purchased new presses, and the pace of purchases was very high. Between 2016 and early 2021, about … wide web presses … were installed in India …
As of early 2021, companies are seeing …
The assessment of the shares of the largest operators in the flexible packaging market was carried out by GidMarket based on ...
As of 2020, the largest operator of the flexible packaging market in India, according to GidMarket, is “...” with a share of …%, followed by LLC “…” – …%, LLC …
Diagram 13. Shares of the largest competitors in the flexible packaging market in 2020, %
In terms of competitive concentration, the market belongs to … (Herfindahl-Hirschman index (HHI <…). Mergers and acquisitions ...
GidMarket estimates that in 2020, the total revenue of the TOP-5 largest operators in the flexible packaging market amounted to … billion Rs., having increased by …% compared to 2016.
3.3. Competition from substitute products
...
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
...
In the first half of 2020, many markets felt the impact of the pandemic and the onset of the economic crisis. Let us analyze data on the impact of recent crises on the flexible packaging market (the global crisis of 2008 and the currency crisis in India in 2014).
Table 7. Assessment of the impact of recent crises on the industry
The most significant difference between the current crisis and the previous ones is…
In the first weeks of the pandemic, the demand for packaging, especially for food and hygiene products, is significantly …
4.2. Analysis of the impact on the state aid industry at the current date
... Against this background, the rupee depreciated significantly ...
The vast majority of the support measures announced by the president and the government concern …
The flexible packaging industry…
4.3. Studying scenarios for the development of the industry in terms of quarantine in connection with covid-2019
4.3.1. Single Quarantine Scenario (according to the Chinese release schedule)
The following factors make it possible to forecast the volume dynamics of the flexible packaging market:
...
4.3.2. Scenario of two quarantines
...
4.4. Analysis of existing cases of business restructuring in the industry
...
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
Modern statistical forecasting methods are used, taking into account the actual dynamics of the industry and the impact of the current and projected general economic situation in connection with the spread of the covid-19 virus.
In addition, when compiling the forecast, changes in real incomes of the population, trends in consumer preferences in a crisis, development forecasts and the degree of impact of other factors affecting the industry are taken into account.
5.2. Sources of information for forecasting
...
5.3. Timing of forecasting
The forecast belongs to the medium-term category - 5 years (2021-2025)
Diagrams
Diagram 1. Dynamics of the market volume of flexible packaging, 2014 - 2020, thousand tons
Diagram 2. Industry life cycle stage
Diagram 3. Dynamics of production of milk, yogurt and ice cream, 2017-2020, thousand tons
Diagram 4. Dynamics of animal feed production, 2017-2020, thousand tons
Diagram 5. Consumption volume in the flexible packaging market per capita, 2016-2020, kg/person
Diagram 6. Compactness of location of companies in the industry in certain regions, 2020, %
Diagram 7. Dynamics of India's GDP, 2012-2020, % to the previous year
Diagram 8. Monthly dynamics of the US dollar against the rupee, Rs. for 1 US dollar, 2016-Apr. 2021
Diagram 9. Dynamics of retail trade turnover, 2016-Feb. 2021, % of the previous period
Diagram 10. Dynamics of food production index, 2016-2020, % to the previous year
Diagram 11. Dynamics of real incomes of the population of India, % to the previous year, 2012-2020
Diagram 12. Dynamics of the population of India, million people, as of 01 Jan. 2012-2021
Diagram 13. Shares of the largest competitors in the flexible packaging market in 2020, %
Diagram 14. Dynamics of the total revenue of the largest flexible packaging market operators (TOP-5) in India, 2016-2020, million Rs.
Diagram 15. Forecast of flexible packaging market size in 2021 - 2025 – under the scenario of one quarantine, thousand tons
Diagram 16. Forecast of flexible packaging market size in 2021 - 2025 – under the scenario of two quarantines, thousand tons
Tables
Table 1. Production capacity of the largest flexible packaging manufacturers in India, 2019
Table 2. Mayonnaise and ketchup production dynamics 2017-Feb. 2021
Table 3. Dynamics of tea and coffee production, 2017-Feb. 2021
Table 4. Data on tenders for the purchase of flexible packaging in Jan.-Mar. 2021
Table 5. STEP analysis of factors affecting the flexible packaging market
Table 6. Main companies participating in the flexible packaging market in 2020
Table 7. Assessment of the impact of recent crises on the industry
Table 8. Analysis of the impact on the industry of the state aid proposed as of April 13.04.21,
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