Packaging demand slackens since September – Suresh Gupta

Since September after the surge seen in the early months of the lockdown, the demand for packaging has slackened, Suresh Gupta, president of the Indian Flexible Packaging & Folding Carton Manufacturers Association (IFCA), told the Propack India Virtual Conference on 15 October. Packaging demand got a boost in the early months of the lockdown as demand for fast-moving consumer goods (FMCG) and food products shot up dramatically. According to Gupta, while many converters did exceptionally well during the lockdown, many others did not do well at all. The large as well medium convertors, which are well organized, did excellent business, he said. The demand surge for consumer products was apparent from the April-June quarter results announced by leading FMCG companies such as Parle, Britannia, Tata Consumers, Marico, and ITC. Demand for consumer products shot up after the lockdown was announced in late March to control the Covid-19 pandemic. Consumers started stocking up as they were in a panic, and this created shortages. Convertors, who were well organized and could manage the logistics, did well. The…

Choose your subscription to read more