Research and Markets (http://www.researchandmarkets.com/research/4wfxcs/flexible) has announced the addition of the "Flexible Packaging Market in India 2015-2019" report to their offering.
The flexible packaging market in India to grow at a CAGR of 24.21% over the period 2014-2019.
The report, Flexible Packaging Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
In broad terms, packaging refers to the technology of enclosing a product for the purpose of storage, distribution, sale, and use. Flexible packaging is a non-rigid method of packaging, and flexible packaging products are made from flexible materials such as plastic, aluminum, and paper. These materials undergo a detailed conversion process such as printing, lamination, coating, and extrusion to develop different types of flexible packaging products, such as plastic bags and pouches, lidding films, foil bags, and sachets.
Many packaging vendors are switching to flexible packaging materials because of increased consumer demand for flexible packaging. Flexible packaging products are lightweight and hence reduce transportation costs. They also occupy less space than rigid packaging products. An increase in demand for small-size food and beverage products and single-serve packaging products is expected to propel the growth of the market. In addition, flexible packaging products are generally resealable, recyclable, and durable, which increases the demand for them among consumers.
According to the report, the retail sector is one of the fastest growing sectors in India owing to factors such as rising brand awareness, increase in purchasing power of semi-urban and rural consumers, and growth in the e-commerce sector. Also, the increase in the number of Internet users, rise in the population of working women, and the growing number of supermarkets and department stores are leading to changes in the consumption patterns of consumers, providing impetus to growth in the sector. The food and grocery segment holds a major share of the retail market in India as retail stores use flexible packaging materials to protect food and groceries and help to retain their nutritional value and to provide consumers with packaged products that are convenient and safe to consume.
Further, the report states that the risk of contamination to packaged food hinders market growth.
Jindal Poly Films
Other Prominent Vendors
Key Topics Covered:
List of Abbreviations
Scope of the Report
Market Research Methodology
Market Segmentation by Application
Market Segmentation by End User
Market Growth Drivers
Drivers and their Impact
Impact of Drivers and Challenges
Trends and their Impact
Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/4wfxcs/flexible
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