| Product Code: ETC374124 | 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 textile packaging market import shipment demonstrated steady growth with a CAGR of 5.2% from 2020 to 2024. However, there was a slight slowdown in the growth rate between 2023 and 2024, showing signs of stabilization. Despite the dip in growth rate, the market maintained positive momentum over the period.
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.
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.
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.
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.
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.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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