India CPP Packaging Market: Current Analysis and Forecast (2024-2032)

Report Description

India CPP Packaging Market Size & Forecast

The India CPP Packaging market was valued at USD billion in 2023 and is expected to grow at a strong CAGR of around 6.15% during the forecast period (2024-2032) owing to rising demand for the packaging and automotive sector.

India CPP Packaging Market Analysis

Cast Polypropylene Packaging (CPP) is a well-known and versatile packaging material. The segment has gained extensive popularity because it is more appealing than propylene due to its clearer appearance and better heat resistance. CPP also holds multiple qualities that have paved the way to the rapidly increased adoption among packaging manufacturers, such as being fit to be customized as per the packaging type, greater tear and impact resistance, completely recyclable properties, etc.

The India CPP Packaging market was valued at USD billion in 2023 and is expected to grow at a strong CAGR of around 6.15% during the forecast period (2024-2032). One of the factors that has been majorly attributed to market growth is the increasing demand for CPP packaging from the packaging and automotive sectors. These sectors, with the need to use protective film and robust and sustainable packaging materials, have instigated the demand for CPP packaging materials in India.

There have been major implications due to the expansion of CPP packaging material among the various industries. Some of the notable implications across the various stakeholders and sectors are increased sustainability impact, enhanced market competition, shifting consumer preference towards product quality, etc. In line with this, many of the leading CPP Packaging manufacturing companies announced their plans to increase their production capability in order to tap the growth potential in the Indian market.

For instance, in 2022, Uflex Packaging Industry established its CPP packaging film plant with a total production capacity of 18,000 tons in Dharwad, India.

India CPP Packaging Market Trends

This section discusses the key market trends that are influencing the various segments of the India CPP Packaging Market, as identified by our team of research experts.

Rapid Boom in the Food & Beverages Industry

The Food & Beverages industry has exhibited rapid growth in the recent year. Some of the factors that have contributed to the growth of the food & beverages industry are rising disposable income, rapid urbanization, expanding urban retail infrastructure, and the hospitality and tourism sector. The packaged convenience food industry in India was INR 3,194 Bn in 2020, which is further anticipated to grow to INR 4,883 Bn by 2026. Of all the categories, snacks, Indian sweets, non-alcoholic beverages, and biscuits have grabbed the major market share. These segments are anticipated to hold the dominant share in the coming period as well. Some of the leading companies in the Indian packaged convenience food industry were Nestle, Britannia, Parle, ITC, Hindustan Unilever, Tata Consumer Products, Mondelez India, etc.

Considering the rising domestic demand for food & beverages as well as the enhanced export focus of the food & beverages companies, the demand for the packaging in the respective segment will further grow in the coming years, i.e., 2024-2032.

North India is Expected to Hold Major Market Share During Forecast Period

North India holds a sizeable market share of the demand for CPP packaging. The region is home to a sizable number of food processing, consumer goods, and non-alcoholic beverage production units. Major sectors constituting the food processing industry in India are processed fruits and vegetables, RTE/RTC, mozzarella cheese, processed marine products, edible oils, beverages, and dairy products. Additionally, the region is further anticipated to exhibit rapid growth due to government focus on establishing mega food parks, various cold chain projects, agro-processing clusters, and the creation and expansion of food processing and preservation capacities. Considering the upcoming plans, food processing, which is one of the key end-user industries for packaging, would further thrive in the region, subsequently promoting the demand for CPP packaging in the coming years. Many of the companies, such as Kanpur Plastipack CPP, Uflex Packaging Industry, Cosmo Films, etc., have their CPP manufacturing units in North Indian states near Delhi and Uttar Pradesh.  With the rise in the demand for packaging solutions in the North region, many more CPP manufacturing units are anticipated to be established in the region, promoting market growth in the coming years.

India CPP Packaging Industry Overview

The India CPP Packaging market is competitive and fragmented, with several regional and market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Kanodia Technoplast Ltd, Uflex Packaging Industry, Kanpur Plastipack Ltd., Jindal India Powertech Ltd., Sampark Industries Ltd., Cosmos Ltd., Asia Poly Films Industries, and Jockstick Adhesive Pvt. Ltd.

India CPP Packaging Market News

• In 2021, Jindal India Powertech Ltd and ink manufacturer DIC announced a collaboration to foster the market for sustainable food packaging products with CPP packaging in India.

In 2022, Cosmo Films Ltd. Announced the launch of its white-cast propylene film. With a thickness between 25-40 microns, a friction range of 0.4, and a seal initiation temperature of 950 degrees Celsius, the packaging would offer a sustainable alternative to food packaging.

India CPP Packaging Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The India CPP Packaging market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.

India CPP Packaging Market Report Coverage

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Research Methodology

Research Methodology for the India CPP Packaging Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the India CPP Packaging market were the three major steps undertaken to create and analyze the adoption of India CPP Packaging in major regions in India. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the India CPP Packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the India CPP Packaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the India CPP Packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as by thickness, by packaging type, and by end-users. Further regional/country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the India CPP Packaging market. Further, we conducted factor analysis using dependent and independent variables such as by thickness, by packaging type, and by end-users in the India CPP Packaging market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the India CPP Packaging market sector.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the India CPP Packaging market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets in India. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the India CPP Packaging market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the India CPP Packaging market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the India CPP Packaging market. Data was split into several segments and sub-segments after studying various parameters and trends by thickness, by packaging type, and by end-users in the India CPP Packaging market.

The main objective of the India CPP Packaging Market Study

The current & future market trends of the India CPP Packaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the India CPP Packaging market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of by thickness, by packaging type, and by end-users.
• Define and analyze the regulatory framework for the India CPP Packaging
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the India CPP Packaging market for the major regions.
• Major regions studied in the report include North, East, West, and South.
• Company profiles of the India CPP Packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

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