Market Study on India Liquid Packaging Market

The report provides a comprehensive analysis of the potential of Liquid Packaging industry in India. The report covers an overview of the industry, market size in terms of revenue as well as volume.

The report covers market segmentation by Material Type on the basis of Revenue as well as on the basis of Volume. The report further covers market share of key players in the liquid packaging industry as well as the market share of key players within the glass packaging segment. The report concludes with highlighting the market dynamics (major entry, exit, acquisition, etc.) in the past few years and providing a summary on the future of liquid packaging in India.

Market Overview:

According to Ken Research estimates, the India Liquid Packaging Market has grown at a CAGR of 7% over the last five years.

Due to pent-up demand in the post-COVID era in the end user sectors, the liquid packaging industry also witnessed a steep Y-o-Y growth of ~20% in FY 22.

• Liquid Packaging: The liquid packaging space has witnessed new market entrants, acquisitions and JVs in the past couple of years, along with incumbents foraying into new space post patent expiry.

• Glass Packaging: Despite the recent acquisitions in the glass packaging segment, the market has witnessed new entrants and aggressive expansion of production capacity by incumbents, thereby maintaining the fragmented competitive nature of the market.

Key Trends by Market Segment:

By Material Type in terms of Total Revenue: The biggest segment of liquid packaging market in revenue terms is flexible packaging market, i.e., Tetra Pak, which is also one of the fastest growing packaging segments.


By Material Type in terms of Total Volume: In terms of volume, glass has a higher market share among all the material types
The glass segment includes major manufacturer for pharma, liquor and F&B segment and the share of this segment in the liquid packaging market has been dwindling in the recent years

Competitive Landscape:

• Liquid Packaging: The liquid packaging space is dominated by both global and Indian players. Global Players include Tetra Pak and Huhtamaki while Uflex, Essel Propack and Tinplate are the major Indian companies. Along with the Indian players, global players are also setting up manufacturing facilities across India.
• Glass Packaging: Glass packaging companies in India have global manufacturing and supply. In India, companies have largely set up manufacturing facilities in Gujarat.

• Import Scenario
  • Value: Among all categories, import of glass packaging materials have witnessed the highest growth followed by Tetra Pak.
  • Volume: Similar to the value trend, the share of imports of glass in the overall import market by volume has increased while metal and plastic & others have dropped.

Future Outlook

Market dynamics indicating more preference for packaging materials like that of Tetra Pak and PET bottles. In retailing, as trends like drone delivery come into being, Tetra Pak will hold an advantage over glass and tin packaging as “our packaging is lighter