Research and Markets: India's Flexible Packaging Market Expected to Treble Its Output in the Next Seven Years From 1000 Kilotons In 2007 To 3100 Kilotons In 2014
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DUBLIN--(Business Wire)-- Research and Markets(http://www.researchandmarkets.com/research/09f59c/indian_flexible_pa) has announced the addition of Frost & Sullivan's new report "Indian Flexible Packaging Market" to their offering. This research service gives an insight into the Indian flexible packaging market covering all regions and segments such as Polyethylene, Polypropylene, Polyester, Polyvinyl chloride and other important polymer films. This research service is of most use to the current participants and entrants in these markets. This Frost & Sullivan research titled Indian Flexible Packaging Market provides an overview of the demand for flexible packaging in India. It also gives key factors that affect the demand and the demand forecast. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: polyethylene, polypropylene, polyethylene terephthalate (PET), polyvinyl chloride (PVC), and others (including polyamide, polystyrene). Market Overview Superior Properties of Flexible Packaging Sends Traditional Rigid Packaging Packing At a compound annual growth rate of 17 percent, the Indian flexible packaging market is one of the most dynamic and fastest growing in the country. As flexible packaging's advantages of ease of handling and lesser storage space becomes increasingly appreciated, traditional rigid packaging will take a backseat. Flexible packaging scores also over traditional packaging for reasons such as keeping the product from adulteration and moisture, convenience of disposal, and cost savings on transportation. "For a company to be successful in the Indian flexible packaging market, it needs to understand the end-user requirements and provide packaging materials that offer better barrier properties," says the analyst of this research. "Flexible packaging offers the advantage of packing smaller quantities compared to traditional packaging and hence, middle class consumers, who comprise a major section of the Indian society, have the choice of purchasing just the required amount of products." The flexible packaging market has got a leg up from the growth in the processed food, personal care, and hygiene industries as well as the boom in the retail sector. The demand for smaller packaging and increasing consumerism due to higher purchasing power also bodes well for the market. However, there is a certain lack of quality consciousness among end users and they tend to gravitate toward low-grade products, hampering the sales of flexible packaging. Additionally, the existence of more than 800 processors in the Indian market creates a fiercely competitive marketplace, fostering price wars. Processors can dig deep into this fragmented market by making consumers more aware of the advantages of flexible packaging, offering superior-quality product lines, and pricing their products more attractively. "The use of new polymers, which enhance the packaging requirements as well as facilitate innovative techniques for faster packaging, will help companies grow in the Indian flexible packaging market," notes the analyst. "With the advent of metalized films and other novel materials, the industry will be looking at increasing the quality of the products and thereby, unit sales." In fact, the market is expected to treble its output in the next seven years from 1000 kilotons in 2007 to 3100 kilotons in 2014 owing to the greater demand from the processed food, pan masala, and retail segments. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: * Polyethylene * Polypropylene * PET * PVC * Others (including polyamide, polystyrene, ethylene vinyl alcohol copolymer, polycarbonate, biodegradable polymers, and nylon) Key Topics Covered: * 1 EXECUTIVE SUMMARY * 2 TOTAL FLEXIBLE PACKAGING MARKET * 3 INDIAN POLYETHYLENE FLEXIBLE PACKAGING MARKET * 4 INDIAN POLYPROPYLENE FLEXIBLE PACKAGING MARKET * 5 INDIAN POLYETHYLENE TEREPHTHALATE FLEXIBLE PACKAGING MARKET * 6 INDIAN POLYVINYL CHLORIDE FLEXIBLE PACKAGING MARKET * 7 INDIAN OTHER FLEXIBLE PACKAGING MARKET * 8 STRATEGIC RECOMMENDATIONS * List of Figures For more information visit http://www.researchandmarkets.com/research/09f59c/indian_flexible_pa Research and Markets Laura Wood Senior Manager Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 press@researchandmarkets.com Copyright Business Wire 2009
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