Media Release: 15th July 2013
The Indian corrugated box industry is highly fragmented comprising a blend of numerous small and medium independent players located in nearby industrial zones and a bunch of large players with world-class automated plant and machineries designed specifically to meet the growing needs of multinational corporations and domestic retail giants.
Thanks to the vibrant economy and large population base, major multinationals have set up their manufacturing units in India. Increased young population with high disposable incomes and changes in lifestyles have surged the demand for quality packaged goods.
The infrastructure facilities and modern, established logistics have enabled manufacturers to transport packaged goods across the country & overseas with ease and efficiency. Corrugated Packaging, which is most widely used as shipping containers, play a vital role in the Supply Chain Management to ensure safe transportation of goods, specifically textile and processed foods which consumes over 40% of the market share together.
To meet the growing demand for international quality packaging, corrugated packaging manufacturers in India are racing towards modernization – adopting evolving technologies, installing hi-speed automatic machines, ensuring quality assurance, incorporating management systems and techniques for efficient operation of the plants.
The increasing number of global and local brands and phenomenal growth in organised retail has resulted as a major booster to the Indian market. Major drivers and trends have been identified that will act as catalyst to boost the industry growth besides underpinning restraints on the way of industry growth. In addition, high margins coupled with massive demand are cajoling manufacturers towards automatic box production.
In the next 5 years, the corrugated box market in the country will see a considerable growth, owing to the estimated demand of containerboard likely to be 11 million tons by 2020. Currently, the Indian corrugated box making industry is highly fragmented with over 12000 units, with most of them operating on manual and semi-auto processes.
The next generation of corrugated packaging manufacturers in India are geared up to embrace new technologies that can help them meet demands of their customers for international quality boxes.
For media queries, please contact Siddharth Narain | +91 9971600355 | siddharth(dot)narain(at)reedmanch(dot)com