Headroom for growth in consumer products

Industry leaders discuss the Indian opportunity in consumer products

82
Growth
Sanjiv Mehta of Hindustan Unilever one of the panelists at the Parksons Packaging celebration in Chennai on 24th February

On the evening of the 24 February, Parksons Packaging celebrated the inauguration of it Sri City plant with a tremendous party for its supporters and customers at the ITC Chola hotel in Chennai. As Parksons’ chairman Ramesh Kejriwal and managing director Siddarth Kejriwal repeatedly said during event, the company looks to its customers for continuous support and inspiration in its trajectory of rapid growth.

The highlight of the evening was a panel discussion moderated by Vindy Banga a senior partner at the private equity fund Clayton Dubilier & Rice and a member of the board of Parksons Packaging.

The panelists included CEO and managing director Sanjiv Mehta of Hindustan Unilever, Manoj Kumar CEO and managing director of GSK Consumer Healthcare and Anand Kripalu managing director and CEO of USL.

In answer to Banga’s questions, the panel was able to paint a coherent picture of the complex Indian consumer and the economy, as well as some of the challenges that consumer product companies and their packaging suppliers need to face. This was an informative and optimistic reflection on the consumer product eco-system and one that compels the packaging community to think creatively. The evening also brought some intelligent balance to the oodles of tech-talk that sometimes clouds our understanding of industry needs and directions.

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

– Naresh Khanna

Subscribe Now