India Packing Boxes Market Outlook

The packaging industry in india is growing at an exponential rate, with the demand for packing boxes having a major contribution to the growth. this trend is expected to continue until 2032, as the indian economy further develops and its people become wealthier, creating an increased demand for processed and packaged goods. india is expected to become the world’s second largest consumer market, making its packaging industry a fertile ground for investment. in 2018, the indian packing boxes market was estimated to be worth around $9.7 billion, growing to around $17 billion by 2032. this growth is supported by technological advancements, allowing companies to package their products more efficiently, as well as an increase in the number of businesses operating in india, resulting in an increase in demand for their packaging. furthermore, india is a net importer of packaging services, suggesting that foreign investment is further bolstering the country’s packaging industry. the indian packing boxes market is divided into two distinct segments: the corrugated boxes market and the rigid boxes market. the corrugated boxes market currently accounts for around 60% of the country’s total packing box demand and is expected to show a steady growth rate. the rigid boxes market, on the other hand, is expected to show a significant expansion of 8-10% between 2018 and 2032. this is due to the increased demand for rigid and non-corrugated packaging such as plastics, laminates, and paperboard. the indian packing boxes market is being driven mainly by the food and beverages industry. the industry is expected to grow at a cagr of 7.3% between 2018 and 2032, resulting in an increased demand for packaging that is safe, cost-effective, and environmentally friendly. furthermore, the electronics and automotive industries are growing rapidly in india, increasing the demand for specialized packaging materials, including cooling and cushioning solutions. in conclusion, the indian packing boxes market is expected to show a steady growth over the next decade, driven by technological advancements, rising demand from the food and beverages industry, and an increasingly affluent consumer class. this bodes well for companies in the indian packaging industry, as long as they are able to capitalize on the country’s growing market and access the necessary resources.