Description
In India, the corrugated boxes manufacturing industry is growing rapidly. It plays essential role in packing for various sectors such as e-commerce, pharmaceuticals, FMCG, retailers, and many more. This industry focuses on recyclable products by aligning the product towards green packing trends which supports eco-friendly systems to support the packing. Various key factors drive the growth of corrugated box manufacturing which include online shopping export growth and environmental factors. According to the research, the Indian corrugated box marketing by the year 2024 is going to reach 40,000 crore and an annual growth of 6% to 8% (2021-2024).
E-commerce packing, digitalization and automation, sustainability in innovation, and customization and branding are the key trends that lead to growing cognate box manufacturing raise. The marketing of this product is classified into single-wall boxes, double-wall boxes, die-cut boxes, and printed boxes. These are utilized by the end users such as e-commerce (40%), retailers (25%), pharmaceutical (15%), food and beverages (10%), and others (10%).The Indian corrugated boxes manufacturing industry is highly operated with multiple key operators like Kohinoor packing, Sainath packaging, and B&B Triple wall containers. At present the market has high competition with large-scale manufacturers that dominate industrial and export packing sectors. On the other hand local operators mainly focus on E-commerce and FMCG sectors. The corrugated boxes market includes export, sustainability, product automation, and increased demand for custom packaging. Govt sector is also involved in market Schemes and export promotion schemes.
However, the industry has various challenges such as supply chain issues raising the price of raw materials increasing competition, and changing environmental regulations. The major hubs of corrugated manufacturing are Maharashtra, Uttar Pradesh, Tamil Nadu, and Gujarat serving throughout the country. Top urban areas Hyderabad, Bangalore, Mumbai, and Delhi are in high demand for packing because of e-commerce utilization. However, the industry is in continuous positive growth because of e-commerce expansion sustainable packing, and the improvement of export activities.
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