L to R: Luca Castellani and Sanjay Kadam at PlastIndia 2023
Italy’s Macchi, a manufacturer of blown film extrusion lines since 1961, is seriously looking to expand its presence in the Indian market, company officials told Packaging South Asia during the PlastIndia 2023 expo held in Delhi from 1 to 5 February.
“Till recently, we were not very active in the market. If you look at other European blown film extrusion line manufacturers, they have been in India for more than two decades. We have been in the country for only seven or eight years. Now we are investing here as it is a very fast-growing market,” says Sanjay Kadam, area sales manager of Macchi based in Mumbai.
According to Luca Castellani, another area sales manager at Macchi, till about a few years ago, the company’s focus was mainly the developed markets such as the European Union and North America.
“If you look at our installations, they are mostly in the markets close to Italy. We do not have any significant presence in the Asian market. We are now trying to change that and focusing on markets such as India. We are enhancing our technical support team here as well. Having a strong support team close to the customers is important as it is essential that we fix machine issues as quickly as possible. If we are not prompt in addressing our customers’ pain points, we will not succeed,” Castellani says.
At present, Macchi has 10 blown film lines running in India, and an engineer based in Ahmedabad.
“The flexible packaging industry in India is growing at an impressive pace. We see a lot of smaller companies getting bigger over time. They would then want to have globally renowned brands that offer precision and speed. We expect Macchi to capitalize on this growth potential,” Castellani concludes.
The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.
A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has
demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.
As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.
The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.
Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.
In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what
you need. Speak and write to our editorial and advertising teams!
For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in