Packaging South Asia — Resilient, Growing, and Impactful — Every Day, Every Month — Always Available
Our 17-year-old print and digital multichannel B2B platform aligns with the industry's growth trajectory. The packaging industry in India, South Asia, Southeast Asia and the Middle East is looking beyond the resilience of the past three years. New factories and projects leverage high-tech technology and automation to resume expansion and diversification of production capacity.
As we announce our publication plan for 2024, India's real GDP growth rate for the financial year ending March 31, 2024 will be over 6%. Packaging industry growth is in line with GDP growth in volume terms and outpaces it in nominal terms by at least 3%, taking into account price increases in energy, raw materials, consumables, and capital equipment.
Flexible film manufacturing capacity in India has increased by 45% in the last four years. A further 20% capacity increase is expected in 2024 and 2025 as orders are completed. Production capacity for monocartons, cardboard, aseptic liquid packaging, and labels is increasing as well. As consumption recovers over the next six months, demand is expected to recover and exceed the year-ago growth trajectory. This number is positive for most economies in the region, and as our analysis shows, our platform is increasingly reaching and influencing these countries.
When it comes to responsible and sustainable packaging, there is significant scope for growth in India and the region given the associated regulations and compliance. Our scope includes the entire packaging supply chain, from concept to shelf, waste collection, separation and recycling.
We target brand owners, product managers, raw material suppliers, packaging designers, converters and recyclers. This is a large and complex canvas. The only thing that works is your agile thinking and innovation and our continuous learning and tenacity.
Next year looks set to be a breakout year for the region, and it's the perfect time to plan your marketing communications and participation in our rich and targeted business platform with on-the-ground talent. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams.
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– Naresh Khanna (October 25, 2023)
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