India Textile Packaging Market Synopsis
The India textile packaging market was valued at USD 10.5 billion and is expected to grow at a CAGR of 8.1% during the forecast period. The growth is driven by increasing industrialization, rising demand for value-added products from retailers, and growing exports of readymade garments and textiles from India to global markets. The industry also benefits from ample availability of raw materials such as polymers and paperboard used for packaging products such as clothes, bed sheets, towels etc., as well as support from government initiatives aimed at promoting exports.
Market Drivers of the market
The India textile packaging market has experienced substantial growth, primarily due to the growth of the textile and apparel industry in the country. The textile sector, including clothing, home textiles, and technical textiles, has witnessed significant expansion, leading to an increased need for appropriate packaging solutions. Textile packaging helps protect products during transportation and storage and also enhances their visual appeal for retail purposes. Moreover, the rise of e-commerce and the subsequent surge in online textile retailing have further fueled the demand for innovative and sustainable textile packaging solutions.
Challenges of the Market
The textile packaging market in India has witnessed growth alongside the expansion of the textile industry. However, there are certain restraints affecting the market. Fluctuations in raw material prices, such as jute and polypropylene used in packaging materials, have impacted manufacturing costs. Moreover, the shift towards eco-friendly packaging alternatives, like reusable bags and biodegradable materials, has posed challenges for traditional textile packaging manufacturers.
Covid-19 Impact on the Market
The textile packaging market witnessed fluctuations in demand during the pandemic. While the closure of retail stores impacted the demand for packaging in the fashion industry, the increased need for packaging in the e-commerce sector partially offset the losses.
Key Players of the Market
The textile packaging market in India is expanding with the growth of the textile and apparel industry. Key players in this segment include Perfect Packaging, Rishabh Packaging, Gujarat Packaging Industries, Maruti Packaging, and Supreme Industries Ltd.
Key Highlights of the Report:
- India Textile Packaging Market Outlook
- Market Size of India Textile Packaging Market, 2024
- Forecast of India Textile Packaging Market, 2031
- Historical Data and Forecast of India Textile Packaging Revenues & Volume for the Period 2021-2031
- India Textile Packaging Market Trend Evolution
- India Textile Packaging Market Drivers and Challenges
- India Textile Packaging Price Trends
- India Textile Packaging Porter's Five Forces
- India Textile Packaging Industry Life Cycle
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By End Use for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Agricultural for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Food And Beverages for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Industrial for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Chemicals for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Polyolefin Woven Sacks for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Flexible Intermediate Bulk Containers for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Leno Bags for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Wrapping Fabric for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Jute Hessian for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Jute Sacks for the Period 2021-2031
- Historical Data and Forecast of India Textile Packaging Market Revenues & Volume By Soft Luggage for the Period 2021-2031
- India Textile Packaging Import Export Trade Statistics
- Market Opportunity Assessment By End Use
- Market Opportunity Assessment By Product Type
- India Textile Packaging Top Companies Market Share
- India Textile Packaging Competitive Benchmarking By Technical and Operational Parameters
- India Textile Packaging Company Profiles
- India Textile Packaging Key Strategic Recommendations