Quo Vadis Indian Packaging – Part II
In the first part of this commodity, which appeared in the November event of Packaging South Asia, we revisited the scenario in which Indian packaging operates and reviewed some of the new considerations that have come up upwards in the terminal decade or so. We as well did a cloth-wise analysis of the the different bones packaging materials in the present Indian context.
So, what does all this mean in terms of what we expect to encounter in packaging trends in the near and medium term?
Groundwork
The Indian packaging industry has had a healthy rate of growth in the last ii or 3 decades. It was over 15% per annum in the 1980's and has settled downwards at 12% to fifteen% in the concluding decade – a CAGR that has been betwixt ii.0 and 2.v times the level of Gross domestic product growth. It now constitutes roughly iv% of the global packaging demand and I would put the present value of Indian packaging at around Usa$ 36 to 38 billion (approximately Rs. two,lxx,000 crore).
What has also happened is that there has been a substantial technological upgrade and we take state-of-the-art products bachelor here in many segments, especially in oriented films and flexible packaging. Indian companies take emerged as world leaders in some packaging segments with manufacturing operations located in several countries world-wide including European union nations and the U.s.. India has too now become a manufacturing hub for many MNC consumer packaged goods companies for exports; this has willy-nilly necessitated that packaging materials and packaging systems be upgraded to be as good every bit the best bachelor globally (not to mention that continuous globalization and economic liberalization has meant our home-grown products demand to compete with and be equally practiced every bit the leading international brands, almost all of which are now available in the domestic Indian marketplace).
All this has provided first-class impetus to the Indian packaging industry.
Future trends
I predict that the Indian packaging industry will keep to thrive and maintain a growth of 12% to 15% per annum over the next decade every bit the land's GDP growth, retail growth and growth in the number of households will exist among the highest in the world with the middle-grade and 'aspirers' striking significantly large numbers.
Within the packaging manufacture, flexible packaging will boss at a CAGR of fifteen% per annum and other segments will besides exceed 10% per annum. The smash in eCommerce will see corrugated packaging and flexible packaging making significant gains.
Why flexible Packaging
Flexible packaging will record high growth but because, in addition to organic growth, in that location will be an ongoing and continuous shift from rigid and semi-rigid systems to flexibles because of the tremendous advantages that the latter deliver.
As explained in our last issue, flexible packaging offers unbeatable advantages in terms of:
ane. Fabric usage, source reduction, power to light-weight and material optimization. And, the lowest post-consumer waste in terms of weight.
two. Lowest energy requirements.
3. Lowest h2o consumption.
iv. Lowest carbon footprint.
5. Highest cube utilization and lowest transportation and storage costs for transportation and distribution of both packaging materials and packaged products.
6. Lowest emissions during transportation across the entire supply concatenation considering of lighter weight and lower number of trips.
7. Most cost-constructive barriers (WVTR, OXTR and low-cal barriers) for preservation of products.
viii. Highest sustainability index as compared to other systems.
9. Past far the about cost-effective packaging solutions.
True, flexible packaging materials do pose problems in their inability to be separated or delaminated (especially for multi-layered structures) for subsequent re-use or re-cycling. However, the advantages they deliver to the overall system are so overwhelming that end-users opt for alternatives only if a flexible solution is not bachelor (as in the case of highly carbonated beverages, high-pressure storage and aerosols for dispensing).
Indeed, if we draw up a score-card or found a net bottom line using Life Cycle Assay principles, they deliver by far the lowest impact on the environment. While they do cause depletion of scarce not-renewable resources, the initial outlay or usage of cloth resources itself is then small in comparison to non-flexible systems that they could be termed the least harmful 'devil.'
It is a supreme travesty that the years of working and development to brand plastics more durable and indestructible and to make bonds between different plastic substrates more potent and inseparable is now working against them! Exist that as it may, there is no going away from the crying need to make them re-usable or recyclable and industry really needs to focus on this and get things going.
Other systems
Other systems similar metal containers, glass jars and monocartons also really demand to work on making themselves less expensive if they desire to protect applications and markets where they are currently entrenched. This can happen only if they bring in new technology to reduce fabric and energy usage (lower weight single-trip glass bottles, lower energy consumption overall, higher barrier lath for cartons) and get leaner.
Jute bags will continue at the present level because of their protection by JPMA just will lose out to woven sacks on availability and toll in meeting growth requirements.
Decision
To conclude, while there volition exist internal shifts betwixt systems, the reassuring aspect is that at that place will exist a healthy 12% to 15% overall growth in the Indian packaging industry.
mcbridetrailtandes.blogspot.com
Source: https://packagingsouthasia.com/she-safety-health-and-environment/sustainability-health/quo-vadis-indian-packaging-part-ii/
0 Response to "Quo Vadis Indian Packaging – Part II"
Post a Comment