F&B Packaging Industry Landscape
India’s Food and grocery market has been thriving exponentially to become 6th largest in the world with its landscape etched by M&A and market consolidation. Supported by Statista Research Department, F&B Industry forms about 40% of the consumer-packaged goods and burgeoning due to consumer health awareness and changes in the unorganized operations making packaged food and beverages industry in India.
The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry.
With retail contributing 70 percent of the sales. The Indian food processing industry accounts for 32 percent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 8.80 and 8.39 percent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 percent of India’s exports and six per cent of total industrial investment.
The Indian packaging industry has a current estimated value of $14 billion. The annual rate of growth for the industry is more than 15%.
The global packaging industry generates 51% of its revenues from food packaging needs, compared to the 38% of revenues generated within India
The Indian packaging industry currently provides about 4% of the total value available within the global packaging industry.