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The Indian bulk packaging market started moving
significantly only in the 1990s as the industries acquired bulk
handling capabilities to compete in the globalised world. The markets
really took off at the turn of the new millennium spurred by an
export led and domestic growth in the agro produce & food; bulk
drugs & generics; chemicals & pesticides and Petroleum &
lubricants. The market grew at around 28% for the first 6-7 years
and then settled down to a 15-20 % band largely bucking the world
wide slowdown.
The Rigid Packaging industry that comprises of Drums and Containers made from Metal, Plastics, Fiber Board and Composite materials is growing at about 13% PA. Within the industry, there is a migration to plastics and the major metal drum manufacturers have joined the bandwagon themselves by setting up parallel facilities for manufacturing Plastic containers. The 6 million units Plastic Drum market (INR 5 bn.) is growing at over 16% while the 10 million drum steel market still manages a positive growth of 2% and is valued at around INR 2 bn. The fiber drum and composites valued at INR 4 bn. is also growing at around 10%. The
INR 140 bn. flexible bulk packaging industry that includes woven
sacks, leno bags, wrapping fabric, and flexible intermediate bulk
container (FIBC) is growing at over 20% with FIBC containers expected
to grow three fold in the next 5 years riding an increased industrial
production and a shift toward higher-value containers offering enhanced
performance and supply chain efficiency. In fact, the global slowdown
has been an opportunity for the Indian FIBC manufacturers as the
production cuts by the companies in Europe and USA has resulted
in the sourcing shifting to India adding an important factor to
the growth story. |
