India Packaging Design Service Market Outlook

The india packaging design service market is projected to grow at a cagr of around 11.1% from 2018 to 2032. the growth can be attributed to changing consumer lifestyle, rising awareness toward sustainable packaging solutions, increasing development of new packaging designs, and advent of digital printing technologies. changing consumer lifestyle and increasing disposable income of consumers in india have caused a surge in the consumption of packaged food and beverages. this, in turn, has resulted in boosting the demand for novel packaging design solutions which can cater to customer needs. moreover, increasing consumer awareness towards use of sustainable packaging solutions has led to a growing demand for eco-friendly packaging solutions. this has further pushed the need for innovative packaging designs that are both durable and used eco-friendly materials. developments of new packaging designs such as shrink sleeving, stand-up pouches, pouch envelopes and augmented reality packaging has further increased the demand of packaging designs from end-use clients. furthermore, the advent of digital printing technologies such as thermal printing, ink-jet printing and flexographic printing has enabled manufacturers to offer personalized packaging solutions as per the requirements of the customers. this, in turn, has indirectly raised the demand for packaging designs that can best complement the digital printing technologies. the india's packaging design service market is likely to be characterized by a few large players that hold major market shares. these players are likely to focus on expanding their product portfolio, increasing the number of locations they are providing services from and pushing digitalization of their businesses. all these developments in the packaging design service market are likely to result in rising demand for packaging design services in india during 2018-2032. further, global players are likely to enter the india market as the outlook remains promising.