Indian corrugation industry heads towards consolidation

Suba Solutions at Corrtech Expo Udaipur

120
corrugation
L – R: Manoj Wadiyar, C Naresh – director and Manoj Kumar of Suba Solutions at their stand in Corrtech Expo Udaipur. Photo PSA

The immense growth of the corrugation industry in India in recent years has warranted the absorption of imported machines in India with a stable sales network that provides accessible and professional service. Earlier, only large companies undertook regular expansion activities, but recently a trend of medium scale corrugators upgrading to automatic or semi-automatic machines has been observed. But has supply already exceeded the demand for quality corrugation in India?

Suba Solutions is a company with a reputation for offering high quality imported corrugation machinery at affordable prices. It has solutions for postpress cartons, duplex cartons, 5-ply plants for corrugation, flexo printer slotters, flute laminators along with automatic and semi-automatic diecutting machines amongst other ancillary equipment options. With material handling systems and bailing presses also in its portfolio, Suba Solutions is well equipped to fulfill all requirements pertaining to the corrugation industry. In the commercial printing space, the company sells converting equipment such as autoplated diecutters and folder-gluers for cartons.

C Naresh, director of Suba Solutions, speaking to Packaging South Asia at the Corrtech Expo held simultaneously with the 43rd FCBM Conference says that although as a company Suba Solutions has achieved volume growth in the last and currentfinancial years,the overall market situation has not been very encouraging. “Fully automatic plants have come up in the country at a brisk pace while the smaller and more fragmented industry has not been able to keep up with. Sadly, because of some stagnation developing, many of the upcoming projects are either getting shelved or postponed.”Corrugation materials are bulky and heavy in nature and are a factor which also need to be considered by the corrugator when looking at the space requirements for new plants or machinery.

Demand does not seem to have kept up with the machinery coming in or which has already been installed and commissioned. Another challenge for the industry is the lack of skilled manpower, says Naresh. Corrugators need to invest in training their workforce, a sentiment also shared by the FCBM conference speakers.

Amidst competition from other Indian suppliers who have also collaborated with Chinese and Taiwanese machine manufacturers, Naresh believes customer satisfaction goodwill and trust are some of the qualities that Suba Solutions has earned from its clients in the past decade with a large installation base across India. In any packaging plant, it is essential that the equipment has minimal downtime during the operational hours. With a service team of 25 dedicated and experienced engineers ,Naresh says that proper service and maintenance for his clients is only a call away and iti s one of the reasons for Suba Solutions being a top choice for Indian converters.

The packaging industry in India in the flexible and label segments is performing much better than other segments but corrugation is lagging behind as supply exceeds demand.  According to Naresh, the market is poised for a consolidation that could help to sustain and maintain amore profitable demand-supply balance in the long-term

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
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

As 2023 begins and FY 23-24 unfolds, will you support us?

What lies in store for the packaging industry in India and South Asia this coming year? Inflation, disruption of supply chains or environmental regulation? Or the resumption of high rural demand, continued investment and industry consolidation? Whatever happens, Packaging South Asia will be there, providing clarity and independent technical and business information in India and South Asia and around the world. We are a compact Indian organization bringing a window of fair and rigorous technical and business information that the industry can access this year and beyond. Please support us with your advertising and subscriptions, to keep us going and growing.

Thank you.