Future Group to consume 6,000 tons of packaging material in next 2–3 years

5th Speciality Films & Flexible Packaging Global Summit 2016

28
packaging
Delegates at the 5th Speciality Films & Flexible Packaging Global Summit 2016. Photo PSA

The two-day 5th Speciality Films & Flexible Packaging Global Summit 2016, held in Mumbai from 21–22 September, was a packed event with close to 50 speakers talking on topics such as trends in speciality films, smart packaging, retail, sustainability, technology trends, brand value, etc. The panel of speakers comprised of industry experts as well as representatives from leading companies in chemicals, plastics, flexo and gravure printing, FMCG, retail, adhesives, films, etc. Close to 800 delegates attended the event.

Opening the summit, Kamal P. Nanavaty, president – strategy development, Reliance Industries spoke about how new technologies are disrupting various industries and why incumbents need to change the way they operate. Cloud computing, apps, 3D printing, robotics and internet of things are some of the biggest game-changers of recent years, he said, adding that packaging industry has been impacted as well. Under this changing business environment, he stated, smart packaging will gain more currency.

IMG 0057 used
Kishore Biyani, group chief executive officer of Future Group, addressing the audience. Photo PSA

The highlight of the keynote session on first day was a talk given by Kishore Biyani, group chief executive officer of Future Group, who said that the Group is now focusing aggressively on food and food processing business and would be keen to collaborate with various stakeholders in the packaging industry. “We expect to consume close to 6,000 tons of packaging material in the next 2–3 years as we expand our food business,” Biyani said. According to him, FMCG market is moving towards premiumization and packaging will play a crucial role in it. When it comes to food industry, he said food processing firms are looking for packaging solutions that will help retain freshness, extend shelf life and cut delivery time. He invited packaging solutions providers to collaborate with Future Group at one of its food parks.

The rest of Day 1 was packed with presentations on advancement in materials for packaging, technology trends for manufacturing speciality films, advancement in printing technologies and machines for flexible packaging, and brand value. After the session Suresh Gupta, chairman, Huhtamaki PPL was honoured with the Lifetime Achievement award for his contribution to the flexible packaging industry.

Day 2 began with a keynote session addressed by Ashok Chaturvedi, chief managing director of Uflex, who spoke about innovation through brand protection. The keynote address was followed by a session on additives, adhesives and coatings. In addition, there was a session on improvements in stretch film production, brand building and innovation in lamination. The day came to a conclusion with a panel discussion on post-consumer waste management.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

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 grown 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.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

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 and to inspire and mobilize our editorial and advertising teams!

For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna (25 October 2023)

Subscribe Now
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here