A Vertical Online B2B Platform Focused on Packaging Space will be a Game Changer for India’s Packaging Industry in Future: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Bizongo plans to go to abroad in the future, especially the South East Asia market, which act as an excess supply market where there are many packaging suppliers and manufactures and they starve for the right quantum of business from end user industries. Post inculcation of fresh new capital investment by VC’, Udaan plans to focus on marketing their brand heavily and expand into new categories. It also aims to invest in enhancing payments, fulfillment delivery and SME financing (Bill Discounting and Short Loans), which are key aspects of the B2B ecommerce play. Demand for much more personalization, convenience, health, and affordability, will drive SKU proliferation to new heights. Industry might witness a natural/organic trend in favor of higher glass and fiber products demand in the coming years. Country Outlook India is a major player in the packaging market and contributes ~8.0% to the global packaging industry; however Indian packaging manufacturers still lack the opportunity to export due to lower standards of products in comparison to the rest of the world, especially China & USA. The industry is currently under-utilized as a large segment still under unorganized space & is at its late growth stage tending towards maturity. There is a very high possibility of a technological disruption happening in the industry which will pave the path of its future growth in the coming years. What is the Need for an Online B2B Platform Focusing on Packaging Materials? As discussed above, India does not have the technical competency to compete with the world as there is a mismatch in terms of product quality & machinery used. An online vertical platform would be able to help the packaging manufacturers understand the problem areas which need special focus by providing consultancy services in specific & targeted areas. Furthermore, lack of legal & demand trend knowledge among MSME packaging manufacturers also hampers the supply chain which could also be addressed by the B2B platform players in future. Unique Challenges faced by the Packaging Industry in light of COVID-19 The packaging material industry is operating much below its installed capacity as it faces issues in supply lines and shortage of manpower due to the lockdown. The packaging industry is up against some unique challenges in the face of COVID-19. The 21-day nationwide lockdown has brought the entire packaging supply chain to an almost grinding halt. The government is making all efforts to continue the steady supply of essentials to the 1.3 bn strong Indian population. However, this won’t be possible without packaging the product where the Online Packaging B2B platform can come in handy as it will not only help in faster procurement of materials but could also help in minimizing the risk involved in the supply chain process through its technological innovation. The current situation of the Covid Virus outbreak has shifted everything to online space, now it is quite evident that an Online Vertical Platform could be the way forward to avoid any further disruptions in the supply chain. Macro- Economic Challenges amidst the Outbreak At a macro level, the GDP growth slowed down to a seven-year low of 4.7% in October-December 2019. The National Statistical Office has also pegged the economic growth at 5.0% for FY 2019-20 in its second advance estimates. These factors have directly impacted employment rates in the packaging industry and have hit the consumer sentiment and putting a brake on spending. This coupled with the COVID-19 pandemic is straining the supply side and hurting the economy as well. Cumulatively, these factors will impact the packaging industry since a large section of the population holds on to discretionary spending that propels the economy. Unbranded Products & Fragmented Supply Leading to Lack of Quality Checks At a micro level, the fragmented nature of the supply side leads to industry challenges. Adding up to that, packaging as a product category is unbranded, together, they create a mediocre customer experience with issues such as inconsistent packaging quality and tedious vendor discovery as well as lack of sanitization & genuine quality checks. For manufacturers, this means underutilized capacities, inconsistent processes, and reduced margins. End result is a need of optimal demand and supply system with proper quality checking mechanism at every important threshold to maintain product quality and trust. Tackling the Current Situation with Vertical Online Platform for Packaging The current situation is just another example of how an online platform can help the industry continue on its growth path and further provide value addition as packaging is of utmost importance in today’s scenario, providing safety from numerous threats. Digitization and Automation is of utmost importance due to the cyclical nature of the business/industry. Digitization will be in focus as to drive down costs & gain a competitive edge with consumers. The industry will generate greater customer value and service through technology integration in packaging in future. Analysts at Ken Research in their latest publication “India Packaging Industry Outlook to FY’2025 and Operational Analysis of Online B2B Platforms in India“ observed that the fast-growing Indian packaging industry needs to focus on key areas such as Safety, Environment Protection, Reusability and Recyclability of packaging material along with innovative ways to increase sustainable use of the materials with a view to promote the growth of the sector in a more sustainable way. The India packaging industry is expected to grow at a CAGR of ~14.0% during the period FY’2019-FY’2025. Key Segments Covered: – By Nature of Packaging Flexible Packaging Rigid Packaging By Type of Packaging Material Plastic Paper Glass Metal Wood Others (Special Laminate Sheets, Woven Materials) By End Users Food & Beverage Pharmaceutical Consumer Electronics Personal & Home care Other End Users (Automobile, Textile, Construction, Medical Devices) By Regions Tier 1 Cities Tier 2 Cities Tier 3 Cities Key Target Audience Packaging Manufacturers Packaging Distributors Machinery Industry Plastic Industry Glass Industry Paper Industry FMCG Industry Online Commerce Industries Online B2B facilitating Entities Packaging Industry Associations Government Associations Government Agencies Private Equity and Venture Capitalist Firms Time Period Captured in the Report: Historical Period: FY’2014-FY’2019 Forecast Period: FY’2019-FY’2025 Companies Mentioned: Indian Packaging Industry Competitive Ecosystem Balmer & Lawrie Jindal Polyfilms Cosmo Films Ester Essel Polypack TCPL Time Technoplast Uflex Radha Madha Corp. Ltd Other Players- Pharpur 3P, Amcor Limited, Huhtamaki PPL, Hindustan Tin Works Ltd, Shetron & Umax Packaging Ltd. Online B2B Platform Competitive Ecosystem IndiaMart Trade India Bizongo Udaan Industry Buying Moglix Power 2 SME Other Players include Alibaba, Ninjacart etc. Key Topics Covered in the Report: – Overview of India Packaging Industry & Online B2B Platforms Ecosystem of Manufacturers & other entities with Industry Bottlenecks Faced Regional Analysis of Manufacturing Hubs & End users of Packaging Demand & Supply Forces Analysis of Online B2B Platforms & Packaging Industry New Trends witnessed in Online B2B Packaging Industry Global Comparison of Indian Packaging Industry with India Packaging Industry Segmentation on Region, End User, Nature & Material Value Chain & Gap Analysis of Packaging Industry Consumption Trends of Packaging Material in India Porters Five Forces Analysis of Indian Packaging Industry Cross Comparison Analysis of Packaging Manufacturers & their Company Profiles Future Outlook & Segmentation of Packaging Industry & Online B2B Platforms Bottlenecks Faced by Manufacturers in Online B2B Packaging Industry Ecosystem of Online B2B Platforms in India Service Portfolio of Indian Online B2B Platforms Digital Penetration of Indian MSMEs in various Online Services Vendor Choosing Criteria for Online B2B packaging Industry Case Studies on Online B2B Platforms including Operating Outlook, Financial Analysis, Business Model, Services, and Investment Analysis & Shareholding Pattern Feasibility Report on an Online Vertical Packaging Focused B2B Platform Analyst Recommendation on how to set up an Online Vertical Packaging Focused B2B Platform For More Information on The Research Report, Refer to Below Link: – India Packaging Industry Growth Related Reports by Ken Research UK Online Retail Market Outlook To 2025 – By Product Categories (Apparel And Footwear, Food And Drink, Media Products, Consumer Electronics And Others), By Desktop And Mobile Mode, By Gender (Male And Female) And By Mode Of Payment (Debit+Credit Card, Net Banking And Cash On Delivery) Taiwan E-Commerce Market Outlook To 2023 – Online Retail (By Product Categories, By Desktop and Mobile, By Gender); Online Travel (By Intermediary And Direct Online Sale And By Desktop And Mobile); Online Payment Gateway Market Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Alibaba Online B2B Market Share India, B2B E-Commerce India Report, B2B industry analysis india, B2B Marketplace India, Bizongo Average Order Size, Cosmo Films Packaging Market Revenue, E-Commerce Facilitating Growth of Industry, flexible packaging industry in india, Future of B2B e-commerce in India, Future Outlook of the Online B2B Industry, Global Players Share in India Online B2B Market, India Balmer & Lawrie Packaging Industry Revenue, India MSME Packaging Manufacturers, India Packaging Industry, India Packaging Industry End Users, India Packaging Market, India Packaging Market Distributors, India Packaging Market Forecast, India Packaging Market Growth, India Packaging Market Manufacturers, India Packaging Market Share, India Packaging Per Capita Consumption, India Power 2 SME Market Share, India Rigid Packaging Industry Analysis, India Uflex Packaging Market Growth Rate, IndiaMart Number of Merchants, Indian B2B Market Report, Indian Food & Beverage Market Size in India, Indian Food Processing Industry, Indian Packaging Industry Value, Industry Growth of Online B2B platforms, Jindal Polyfilms Production Capacity Analysis, Market Size of Indian Packaging Industry, Moglix Online B2B Platform Market Share, MSME Digital Adoption Rate India, Number of Parcel Shipped in India, Online B2B Platform Competition India, Online B2B Platform for the packaging Industry, Online B2B Platform Market In India, Online B2B Platform Space in India, Online B2B Platforms in India, Online B2B space in India, Online Shoppers in India, Online Startups Growth in India, Operating Model Packaging Industry, Packaging Industry in India, Packaging Manufacturers Ecosystem in India, Packaging Market in India, Per Capita Packaging Consumption in India, Plastic Packaging Material Consumption in India, Preference of the B2B Marketplace in India in 2019, Production Costs of Packaging in India, Revenue Generating Proportion of Bizongo, Scope of Packaging Industry in India, Total Packaging Manufacturers India, TradeIndia Online B2B Market Growth, Udaan Number of Merchants in India