Thread by @immanishyadav01

A thread on THE PACKAGING INDUSTRY and #MOLDTEK

Global Market
Practically anything and everything we consume is packaged. Be it a Pin or Smart phone or from a coffee to TV
Set, everything comes in packaging. Every person in modern industrialized societies has contact with the
packaging industry every day.

Population growth and urbanization are increasing trade and simultaneously, the
use of packaging. Online trade is further increasing the need for packaging.

Products are also being consumed on
the go which is growing the need for food service packaging and different sizes of packaging.

As per industry
estimates, the total global value of the packaging industry for CY 2019 at around USD 920 billion for CY 2019
and around USD 945 – 950 billion for CY2020.

The packaging demand is now forecasted to grow steadily at a
CAGR of around 2.5 – 3 % to cross USD 1 trillion by CY 2024. Also, the flexible packaging market was around
USD 110 – 115 billion globally during CY 2019 and is also expected to grow gradually.

Currently, Asia is the largest market and accounts for around 53.55% of world packaging consumption in CY
2020. Europe and North America in the second and third place with 21.64% and 10.25% respectively.

Indian Market-
Packaging is among the high growth industries in India. The size of the Indian Packaging Sector was valued to be US$73 billion in FY2020 and is estimated to be US$ 84 billion in FY2021. It is expected to grow to US$ 205 billion in FY2025 with CAGR of 25-27%

SEGMENTS OF THE INDIAN PACKAGING INDUSTRY
Packaging in general is classified into two significant types i.e.
Rigid Packaging and Flexible Packaging.

Rigid plastic refers to products and packaging made of
plastic resin, consisting predominantly of moulded plastic,
such as food containers, tubes, cups, bottles, pots, cans and
closures

Flexible packaging is defined as
a package whose shape is not
rigid and can be easily changed,
when filled and during use. It
includes packaging utilizing
paper, plastic film, foil,
metallized or coated papers,

End users of rigid plastic packaging

Based on the production process, the rigid plastic segment is divided into injection molding, blow molding and
injection blow molding. Across all segments and product categories, there is a need for Ultra HD quality branding
and decoration.

IML is considered as the gold standard for decoration of rigid plastic packaging. As this process
is fully automated, it is most suitable for Food, Beverage and FMCG segments. Moldtek is the pioneer in
introducing this technology to India.

Players in the IML Space-
Hyderabad-based Mold-Tek Packaging Limited is the leader in Injection molded plastic containers in India. Mold-
tek is the first Company in India to introduce the “In-Mold Labelling (IML)” concept for decorating plastic
containers using ROBOTS.

IML enables photographic quality decoration, maintaining complete hygiene and
hands-free production. Mold-Tek is the only packaging company in the world to design and manufacture ROBOTS
in-house for IML decoration at 1/3rd the cost of imported ones apart from manufacturing IML

Demand Drivers for the Packaging Industry
The Indian packaging industry is expected to have a considerable growth based on the following factors:
1. Rise of organized retail
2. Desire for health and wellness products
3.Busy lifestyles and growth of single person households

4.Growth in smaller packages due to nuclear family and increasing rural penetration
5.Demand for better packaging resulting from E-commerce boom
6.Growing trend of packed foods to increase shelf life of food products
7. Packaging being used as a branding tool

8. Growing penetration of packaged food driven by new applications in food retailing, higher disposable
Incomes
9. New converting and packaging equipment, which have increased applications of poly films
10. Sustainability and Responsible Packaging.
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