India's packaging industry valued at around USD 80 billion, it spans a broad range of materials, formats, and applications, catering to diverse sectors such as food and beverages, pharmaceuticals, and e-commerce. Innovative and efficient packaging solutions are critical for product protection, preservation, branding, and consumer convenience.

In FY 2023, the Indian packaging market was valued at INR 6,399 billion, marking a growth from INR 5,581 billion in FY 2018 at a CAGR of 2.8%. By FY 2024, it is projected to reach INR 6,656 billion, reflecting a growth rate of 4.0% in the last financial year. Looking ahead, the market is expected to grow at a CAGR of 6.7%, reaching an estimated INR 8,620 billion by FY 2028.

This robust growth is driven by factors such as rising disposable incomes, urbanization, increasing demand for processed and packaged goods, and the rapid expansion of the e-commerce sector. Furthermore, government initiatives promoting organized retail and food safety are accelerating the demand for high-quality, standardized packaging solutions.

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