miracle
Hemendra Agarwal (center) with Puneet Agarwal (right) of DGM India. Photo PSA

The Jaipur-based Miracle Group has expanded its automated capacity with machines from DGM India — procuring a TechnoFold 1100PC, a SmartFold 1100PC folder gluer, and a SmartFlute X 1450 automatic flute laminator. Miracle Group is a provider of packaging solutions, manufacturing a wide range of products including cartons, flexible packaging, labels, plastic cans, and corrugated boxes.

According to Hemendra Agarwal, managing director of the Miracle Group, the company is focusing on growth. “We are already strong in the corrugated and folding carton segment and continuing to enhance infrastructure and add capacity. Our recent acquisitions will help expand our market presence,” he said.

Agarwal says both the Indian packaging industry and the market are very dynamic. As the trends keep changing, the packaging group thrives with continued investments in automation and adding capacity. “The inclusion of machines from DGM is one such investment that has proved to be beneficial,” he said.

Miracle Group had on 3 April 2024 announced the acquisition of two companies — Sattik Packaging, a carton producer based in Iswaripur, just north of Kolkata in West Bengal, and Shivalik Container, located in Khairi, 50 kilometers east of Ambala in Himachal Pradesh.

Sattik Packaging is known for its expertise in manufacturing corrugated boxes, mono cartons, and rigid packaging solutions, while Shivalik Container specializes in corrugated packaging. The inclusion of Sattik Packaging and Shivalik Container will enable Miracle to offer a more diversified product range, further solidifying its position as a leading packaging solutions provider in India. It already has plants in several states, including Bihar, Rajasthan, Gujarat, and Punjab. It has five packaging plants in Jaipur itself.

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As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are growing similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

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The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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