| Product Code: ETC384264 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India poultry packaging market import shipment demonstrated a minimal CAGR from 2020 to 2024. However, there was a notable growth spurt between 2023 and 2024. Overall, the market exhibited a stable growth trend with a slight acceleration towards the end of the period.
The India poultry packaging market is expected to grow at a CAGR of 5.9% during the forecast period. This can primarily be attributed to increasing demand for processed foods due to rising disposable incomes and changing lifestyles among consumers across urban areas in the country as well as growing awareness about food safety and hygiene concerns among buyers as well as retailers which have led them towards opting for packaged products over loose ones with increased shelf life owing better protective features offered by such packaging materials along with convenience associated with easy storage & transportation. In terms of volume sales, corrugated boxes dominated the overall market accounting for a share close to 51%, followed by plastic tray/film packages sharing nearly 31% in FY2018-19 on account of their attractive designs enabling product differentiation while offering superior barrier properties against oxygen & moisture thus ensuring extended shelf life even without refrigeration facilities especially when it comes leveraging packaged meat products across retail outlets.
The India poultry packaging market is driven by the growing need for efficient and innovative packaging solutions to ensure the freshness and safety of poultry products during transportation and storage. With the expansion of the poultry industry, the demand for reliable packaging materials and techniques has increased.
The poultry packaging industry in India confronts specific challenges in preserving product quality and ensuring food safety. Developing cost-effective and environmentally sustainable packaging solutions while adhering to regulatory standards is essential. Furthermore, logistical challenges and maintaining cold chain infrastructure throughout the supply chain pose difficulties for the packaging market.
The poultry packaging market witnessed fluctuations as demand from the foodservice sector declined during lockdowns. On the other hand, the increased demand for packaged poultry products in retail and e-commerce channels partially offset the losses.
Uflex Ltd., Paharpur 3P, Swiss Pac Pvt. Ltd., Perfect Packaging, and Paras Printpack.