Indian Corrugated Packaging Box and E-Commerce Sector Experiencing Strong Growth

KOLKATA, India - Dec. 30, 2022 - PRLog -- In recent years, the Indian corrugated packaging box{https://www.prlog.org/12939675-india-corrugated-packaging-box-market.html} and e-commerce sector has been experiencing rapid growth, driven by the increasing demand for convenient and efficient delivery of goods ordered online. Industry reports estimate that the Indian e-commerce market will reach $200 billion by 2026, fueled by factors such as increased internet and smartphone penetration, as well as the convenience and cost-effectiveness of online shopping.

In addition to serving the e-commerce industry, the Indian corrugated packaging box sector is also seeing growth in other areas such as food packaging, pharmaceuticals, and consumer goods.

The Indian packaging sector is highly fragmented, with around 22,000 businesses operating in the industry. However, small to medium-sized enterprises make up between 80% and 85% of businesses, and only 15% of major package manufacturers account for roughly 70% of total revenue. The flexible packaging market in India is also highly fragmented, with 600 to 800 manufacturers, the majority of which produce less than 250 tonnes annually.

To get a better understanding of the Indian corrugated packaging box and e-commerce sector, Makreo Research's report can provide valuable insights. This report includes detailed information on market trends, industry analysis, and forecast data, as well as insights into the competitive landscape and key players in the sector.

Key Statistics on the Growth of the Indian Corrugated Packaging and E-Commerce Sector

• The e-commerce market in India is expected to reach $200 billion by 2026.
• The growth in e-commerce has led to an increase in the use of corrugated packaging boxes, which are popular due to their strength, durability, and versatility.
• These boxes are widely used in the e-commerce industry and also in other industries such as food, pharmaceuticals, and consumer goods.
• The Indian packaging sector is highly fragmented, with small to medium-sized enterprises making up the majority of businesses.
• Only 15% of major package manufacturers account for around 70% of total revenue.
• The flexible packaging market in India is similarly fragmented, with the majority of manufacturers producing less than 250 tonnes annually.

Overall, the Indian corrugated packaging box and e-commerce sector is expected to continue experiencing strong growth in the coming years, with increasing demand for efficient and convenient delivery of goods and a growing preference for online shopping. Makreo Research's report can help businesses stay informed and make informed decisions in this rapidly evolving market.

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India Corrugated Packaging Market Future Outlook to 2027 (https://www.makreo.com/report/india-corrugated-packaging-...)