India's containerboard market is projected to surpass USD 1 billion by 2024-29, driven by rapid urbanization and growth in e-commerce.
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The containerboard market in India, a critical component of the country's packaging industry, has experienced substantial expansion and transformation over the years. In recent years, the containerboard industry in India has evolved in response to factors like as sustainability, digital transformation, and shifting consumer preferences. Companies have increased their investment in recycling technologies and sustainable production processes in response to growing environmental concerns and legal constraints. India's environmental policies have a huge impact on the containerboard business. The trash Management Rules and the National Environment Policy establish requirements for trash reduction, recycling, and pollution management. Companies must follow these guidelines to decrease their environmental effect and promote sustainable development. The COVID-19 epidemic caused substantial disruptions in global supply networks, hurting raw material availability and India's production plans. Logistics, supply chain disruptions, and delays in acquiring raw supplies were among the issues encountered during the pandemic's early stages. In contrast, the pandemic has spurred demand for packing materials, notably in the e-commerce sector. This tendency was especially visible in the food and beverage industry, as well as healthcare-related products. While some categories experienced higher demand, overall market dynamics were influenced by swings in consumer behaviour and economic situations.
According to the research report, "India Containerboard Market Outlook, 2029," published by Bonafide Research, the India containerboard market is anticipated to add to more than USD 1000 Million by 2024–29. The increasing expansion of e-commerce in India has greatly increased demand for containerboard. The rise in online shopping has raised the demand for long-lasting, effective, and protective packaging solutions. Continued urbanisation and industrialisation are generating demand for containerboard in a variety of sectors. As India's urban population rises and its industries expand, so does the demand for effective packaging solutions for consumer goods, pharmaceuticals, and other products. ITC Limited, a key player in the Indian containerboard market, is noted for its diverse product offerings and commitment to sustainability. Another major manufacturer, JK Paper Ltd., provides a wide range of containerboard products. Ballarpur Industries Ltd. is also an important player, noted for its large production capacity and commitment to sustainable methods. The use of digital printing technology is transforming packaging design. Digital printing provides increased customisation and flexibility, allowing businesses to create high-quality, personalised package solutions that fit unique consumer demands. Smart packaging innovations are gaining traction, including QR codes and RFID technologies. These technologies improve supply chain management and give consumers more product information, leading to the overall expansion of the containerboard market.
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