In the current financial year from 1 April 2015 to 31 March 2016 we expect the flexible packaging industry in India to continue expanding at a rapid rate. A huge amount of capacity will be created in this financial year with an unprecedented number of imports of high speed and highly configured presses from the leading international suppliers namely Bobst, W&H and possibly Soma. Taiwanese and Chinese suppliers are also expected to install around four CI flexo presses in the financial year. On the gravure side one can expect a good number of high speed and automated gravure presses from the Indian manufacturers – Expert, Kohli, Pelican and Uflex.
We are expecting about eight installs of CI flexo wide web presses in the premium category with the largest numbers in Western India (mainly in Maharashtra and Gujarat) and a significant number in the South (mainly in Andhra Pradesh/ Telengana and Tamil Nadu). Among the CI flexo installs this year are an F&K in Maharashtra, a pair of F&K’s at one of the country’s leading flexible packaging companies in South India, and most likely three W&H CI flexo presses in Western India.
We are looking forward to 9 to 12 gravure press installs from the leading global manufact- urers. Here the overwhelming majority are from Bobst including a Rotomec RS4003 MP in Western India. Western India again dominates the growth in gravure-based flexible packaging with an interesting and significant upsurge in South India. Interestingly some smaller cities are also coming on to the map for structured and high quality flexible packaging in the country.
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.
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