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1. Flexible Packaging Market – India
June 2017
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2. Flexible Packaging Market in India 2017
Executive Summary
Market Overview
Drivers and
Challenges
Competitive
Landscape
• Changing consumer lifestyles towards ready-to-eat products coupled with growth in various end-user segments in India such as FMCG, food and
beverage and pharmaceutical are driving the growth of flexible packaging market in India
• The overall packaging industry in India was valued at INR X bn in FY 2015, and is expected to reach INR Y bn by FY 2022, growing at a CAGR of Y%
from FY 2015
• The packaging sector in India is an amalgamation of both organized and unorganized players ranging from very small players with limited presence to
big players with large market shares
• India is a growing market for plastics and currently consumes X mn MT of plastics annually, against the global consumption of Y mn MT per year
• The Indian packaging industry has witnessed a gradual shift from rigid to flexible packaging as flexible packages being visually appealing, cheaper and
durable
• The flexible packaging market in India is expected to be worth INR X bn by FY 2022, growing at a CAGR of Y% from FY 2015
Drivers
 Growth in FMCG Sector
 Growth in Pharmaceutical Sector
 Growth in Processed Food Sector
 Retail Growth and Increased Consumerism
 Changing Lifestyle and Consumption Patterns
 Increasing Demand from Rural Sector and Logistics
Advantage
Challenges
 Ban on Plastic Packaging Due to Environmental Concern
 Lack of Packaging Machinery and Domestic Technology
2
Major Players
Company A Company B Company C Company D

3. Socioeconomic Indicators
Market Overview
Market Influencers
Competitive Landscape
Recent Developments
Appendix
3
Trade Analysis
Government Initiatives

4. Flexible Packaging Market in India 2017
Socioeconomic Indicators
Total Population
4
Population Density
1,500
1,000
500
0
X%
2020
k
2019
j
2018
i
2017
h
2016
g
2015
f
2014
e
2013
d
2012
c
2011
b
2010
a
0
100
200
300
400
500
2019 2020
k1
Y%
2015
f1
2014
e1
2013
d1
2012
c1
2011
b1
2010
a1
h1
2016
i1
2017
j1
2018
g1

5. Flexible Packaging Market in India 2017
Market Definition & Structure
5
Types of Packaging (By Material)
Corrugated Boxes Metal Containers Plastic and PET Glass Jute
• It is a classification of rigid
packaging under paper
packaging
• xxx
• Various food products such
as processed vegetables,
coffee etc. are packed in
cans
• xxx
• Plastic is the most widely
used material for packaging
• xxx
• Glass packaging is generally
used for packing upscale
natural sodas and juices
• xxx
• Many garment stores offer
jute bags on purchase of
products from their stores
• xxx

6. Flexible Packaging Market in India 2017
Market Definition & Structure (Contd.)
6
Rigid
Packaging
Types of Packaging (By End-Use)
Consumer Packaging Bulk Packaging
Flexible
Packaging
Others
• Metal
Containers
• xxx
• Stand-Up
Pouches
• xxx
• Caps and
Closures
• xxx
Focus of Study
• Flexible packaging refers to non-rigid packaging structures used to package and protect products
 It is mainly any package or any part of a package whose shape can be readily changed
• xxx

7. Flexible Packaging Market in India 2017
Types of Flexible Packaging
7
Types of Flexible Packaging Description
Packing Bags
Paper Bags • These are environment friendly bags, which are commonly used as shopping bags
Non-Woven
Bags
• These are environment friendly bags, which are durable, waterproof, easy to carry and are used as shopping bags
High
Molecular
Carry Bags
• xxx
BOPP Bags • xxx
LDPE Bags • xxx
HDPE Bags • xxx
Polyethylene
Bags
• xxx
Biodegradable
Bags
• xxx

8. Flexible Packaging Market in India 2017
Market Overview (Contd.)
8
Packaging Market in India – Overview
• Growth in various sectors in India such as FMCG, food and beverage and pharmaceutical are resulting in the increased usage of plastics in packaging industry
• The packaging industry consists of Rigid and Flexible packaging
• Plastics and paper are the main raw materials used in flexible packaging products, which are made from foil or paper sheet or laminated paper and plastic layers
• Plastics, as a raw material dominates the flexible packaging market
 It has emerged as the preferred choice of packaging material for various products that include food, beverages, chemicals and electronic items, among others
• The overall packaging industry in India was valued at INR X bn in FY 2015, and is expected to reach INR Y bn by FY 2022, growing at a CAGR of A% from FY 2015
• As of FY 2015, flexible packaging constitutes A% of the overall packaging sector in India and the share is expected to increase to B% by 2022
• xxx
x2%
x1%
x1%
x2%
Rigid Flexible
x2%
x1%
FlexibleRigidFY 2010 FY 2015
A% CAGR
Total= INR X bn Total= INR X1 bn
FY 2022
Total= INR X2 bn
B% CAGR
Packaging Market Size, Growth Forecast & Segmentation

9. Flexible Packaging Market in India 2017
Market Overview (Contd.)
9
Flexible Packaging Market Size & Growth Forecast
0
1,000
2,000
3,000
A%
FY 2022e
x
FY 2021eFY 2020e
x2
FY 2019e
x3
FY 2018e
x4
FY 2017e
x5
FY 2016
x6
FY 2015
x7
x8
• Flexible packaging is one of the most dynamic and fastest growing markets in India as compared to rigid
packaging
• Increasing usage of packaging material in various food service outlets along with increasing demand for
packaged beverages, is expected to drive the growth of the domestic flexible packaging market
 Demand from rural sector for packaged products is being fuelled by increasing media penetration through
internet and television
• xxx
0
1,000
2,000
3,000
4,000
5,000
A%
FY 2022e
x1
FY 2015
x
Rigid Packaging Market Size & Growth Forecast

10. Flexible Packaging Market in India 2017
Market Overview (Contd.)
10
• The Indian packaging industry has witnessed a gradual shift from rigid to flexible
packaging as flexible packages being visually appealing, cheaper and durable
• Polyethylene and polypropylene account for ~X% of polymer usage in the flexible
packaging industry
• The per capita consumption of polymers in India during FY 2015 was X kg as compared
to A kg in USA, B kg in China and C kg in Brazil
• Currently, the plastics and polymer consumption in India is growing at an average
annual rate of ~X%
• xxx
Usage of Plastic in Packaging Industry
• About X processing units with Y processing machines have created a manufacturing capacity of X mn MT p.a. in India
 Out of these X processing units, about ~Y% of them falls under the small-scale sector
• Flexible packaging is dominated by small and medium sized companies
• The packaging industry also consumes recycled plastic, which constitutes about ~X% of total consumption
• In India, currently, there are ~A organized and ~B unorganized plastic recycling units
• xxx
Share of Plastic Packaging Products – Type-wise
X1%
X3%
X2%
X4%
X%
Segment 1
Segment 4
Segment 2
Segment 3
Segment 5

11. Flexible Packaging Market in India 2017
Market Overview (Contd.)
11
Usage of Plastic in Packaging Industry (Contd.)
Advantages of Plastic Packaging
• Safety: Plastics are safer materials for packaging of food products, specially polyolefins which do not react with food. Pilferage and contamination is difficult
• Shelf Life: Plastics packaging material offer better shelf life
• xxx
Common Packaging Products (According to Plastic Type)
Polymer Types Examples of Applications
Polyethylene Terephthalate (PET) Beverage containers, food containers, boil-in food pouches, processed meat packages
xxx xxx
xxx xxx
xxx xxx
xxx xxx
xxx xxx

12. Flexible Packaging Market in India 2017
Export : HS Code
12
Export (Value)
0
2,000
4,000
6,000
8,000
10,000
INR mn
FY 2016-2017 (Apr-Feb)
x4
FY 2016
x3
FY 2015
x2
FY 2014
x1
FY 2013
x
A%
0
20,000
40,000
60,000
80,000
x
‘000 Kg’s
B%
FY 2016-2017 (Apr-Feb)
x4
FY 2016
x3
FY 2015
x2
FY 2014
x1
FY 2013
Export (Volume)

13. Flexible Packaging Market in India 2017
Export Segmentation based on Country: HS Code
13
Value-Wise Segmentation
FY 2016 FY 2017 (Apr-Feb)
Volume-Wise Segmentation
X6%
X5%
X4%
X3%
X2%
X1%
X%
Country 6
Country 7
Country 5
Country 4
Country 3
Country 2
Country 1
FY 2016 FY 2017 (Apr-Feb)
X2%
X%
X4%
X3%
X1%
X5%
X6%
Country 2
Country 3
Country 4
Country 5
Country 1
Country 7
Country 6
X2%
X1%
X4%
X%
X3%
X5%
X6%
Country 7
Country 6
Country 5
Country 4
Country 1
Country 3
Country 2
X5%
X6%
X3%
X2%
X1%
X%
X4%
Country 7
Country 1
Country 6
Country 2
Country 5
Country 3
Country 4

14. Flexible Packaging Market in India 2017
Import : HS Code
14
Import (Value)
0
2,000
4,000
6,000
8,000
10,000
INR mn
A%
FY 2016-2017 (Apr-Feb)
x4
FY 2016
x3
FY 2015
x2
FY 2014
x1
FY 2013
x
0
20,000
40,000
60,000
80,000
FY 2013
x1
FY 2014
x2
x
FY 2015
‘000 Kg’s
FY 2016-2017 (Apr-Feb)FY 2016
B%
x3 x4
Import (Volume)

15. Flexible Packaging Market in India 2017
Import Segmentation based on Country: HS Code
15
Value-Wise Segmentation
FY 2016 FY 2017 (Apr-Feb)
Volume-Wise Segmentation
X6%
X5%
X4%
X3%
X2%
X1%
X%
Country 7
Country 6
Country 5
Country 4
Country 3
Country 2
Country 1
FY 2016 FY 2017 (Apr-Feb)
X3%
X2%
X1%
X%
X6%
X5%
X4% Country 4
Country 3
Country 2
Country 1
Country 7
Country 6
Country 5
X6%
X5%
X4%
X3%
X2%
X1%
X%
Country 7
Country 6
Country 5
Country 4
Country 3
Country 2
Country 1
X6%
X5%
X4%
X3%
X2%
X1%
X%
Country 7
Country 6
Country 5
Country 4
Country 3
Country 2
Country 1

16. Flexible Packaging Market in India 2017
Market Drivers
16
Growth in FMCG Sector
0
5,000
10,000
INR bn
A%
2020e
x1
2016
x
X1%
X%
X6%
X7%
X5%
X4%
X3%
X2%
Segment 2
Segment 1
Segment 8
Segment 7
Segment 6
Segment 5
Segment 4
Segment 3
• Fast Moving Consumer Goods (FMCG) is the nth largest sector in the Indian
economy
 Household and Personal Care is the leading segment, which accounts for ~x%
of the overall FMCG market in India
• Indian FMCG industry represents the biggest opportunity for the flexible
packaging industry
• xxx
• The benefits of flexible packaging which includes aroma retention,
convenient transportation and usage, light weight, strength and barriers
against moisture, among others, has led to its greater applications in
packing products like tea leaves, snacks, ready to eat and ready to cook
foods, cosmetic products and food products
• xxx
FMCG Market Size & Growth Forecast
FMCG Market Segmentation by Revenue (FY 2016)

17. Flexible Packaging Market in India 2017
Market Challenges
17
• According to the environment ministry of India, currently X tonnes of plastic waste is generated daily in the country, out of which only Y tonnes is collected and
processed
• Littering of sachets is a huge problem in the country, as they not only choke drains, but burning them leads to air pollution
• In Mar 2016, the environment ministry came up with the Plastic Waste Management Rules under the Environment Protection Act, 1986 to tackle the problem of
plastic waste
• xxx
Ban on Plastic Packaging Due to Environmental Concern

18. Flexible Packaging Market in India 2017
Competition
18
List of Major Players
Name Website
Company A
Company B
Company C
Company D
Company E
Company F
Company G
Company H
Company I
Company J

19. Flexible Packaging Market in India 2017 19
Public: Domestic Company – Company A
Company Information
Products and Services
Category Products/Services
Packaging Films Printing and Pouching Films, Barrier Films, Overwrap Films
Lamination Films Thermal Lamination Films, Wet Lamination Films
Key People
Business Description
• Company A, headquartered in State A, India, engages itself in the manufacture
and sale of bi-axially oriented polypropylene (BOPP) and thermal films in India
and internationally
• The company offers a comprehensive range of BOPP Films for flexible packaging,
lamination, labelling and industrial applications, including specialty films such as
high barrier films, velvet thermal lamination films and direct thermal printable
films
• It offers packaging films, such as transparent, matte, pigmented white/pearlized, and
metalized printing and pouching films, transparent, white, and metalized barrier
films, and transparent and white overwrap films, as well as BOPP and PET based
thermal, wet lamination films, label face stock, wrap around label, in mould label, and
direct thermal printable films
• xxx
Corporate Address Company A
Tel No. +91-xx-yyyy-zzzz
Fax No. +91-xx-yyyy-zzzz
Website www.xyz.com
Year of Incorporation 2016
Stock Exchange : Ticker XXX
Name Designation
XXX XXX

20. Flexible Packaging Market in India 2017 20
Public: Domestic Company – Company A (Contd.)
Key RatiosFinancial Snapshot
Key Financial Performance Indicators
Indicators Value (22/05/2017)
Market Capitalization (INR mn) xxx
Total Enterprise Value (INR mn) xxx
EPS (INR) xxx
PE Ratio (Absolute) xxx
Particulars 2013 2014 2015 2016
Profitability Ratios
Gross Margin %
Net Income Margin %
EBITDA Margin %
EBITA Margin %
EBIT Margin %
Return on Assets %
Return on Capital %
Return on Equity %
Return on Common Equity %
Liquidity Ratios
Current Ratio
Quick Ratio
Leverage Ratios
Total Debt/Equity
Total Debt/Capital
Interest Coverage
Efficiency Ratios
Total Asset Turnover
Fixed Asset Turnover
Accounts Receivable Turnover
Inventory Turnover
Net Profit / LossTotal Income
x
z
x
c
d
e
a
b
c
d
e
f0
y
FY 2016
a
e
FY 2015
b
f
FY 2014
c
g
FY 2012
d
h

21. Flexible Packaging Market in India 2017 21
Public: Domestic Company – Company A (Contd.)
Key Business Segments Key Geographic Segments
20%
40%
80%
100%
0%
60%
x
x3
FY 2014
x
x2x1
FY 2013
x
x4
FY 2016
x
FY 2015
Segment 1 Segment 2
80%
60%
0%
20%
40%
100%
x
x3
FY 2014
x
x2
FY 2013
x
x1
x
x4
FY 2015 2016
Country 1 Country 2

22. Flexible Packaging Market in India 2017 22
Private: Domestic Company – Company B
Company Information Business Description
• Company B, was established in 19-- and is headquartered in State B
 The company was established as a division of its parent company, Company C, which
is a leading manufacturer of cooling towers and industrial cooling technology in India
and is headquartered in State C
• Company B manufactures custom printed packaging materials in the form of roll
stock films and pouches using LDPE, HDPE, LLDPE, PET, BOPP, CPP, nylon,
aluminium foil, paper, and other materials, stand up pouches, spout pouches,
zipper pouches and re-sealable packaging in various shapes, sizes and structures
with custom printed packaging designs
• The company supplies high quality flexible packaging materials for packaging
food, beverage, tea, coffee and edible oils to FMCG companies in India and
globally
• xxx
Products and Services
Category Products/Services
Food Packaging
Flow Wrap, Stand Up Pouches, Pillow Pouch, Pillow Pouch,
Profile Pouch, Side Gusset and Big Bags, Pillow Pouch, Stand Up
Pouch, Lidding, Retort Grade Spouted Pouch, Stand-Up Pouch
Other Flexible
Packaging
Liquid Packaging, Home and Personal Care Packaging,
Agricultural Packaging and Pharmaceutical Packaging
Key People
Corporate Address Company A
Tel No. +91-xx-yyyy-zzzz
Fax No. +91-xx-yyyy-zzzz
Website www.xyz.com
Year of Incorporation 2016
Name Designation
xxx xxx

23. Flexible Packaging Market in India 2017
Rules and Regulations under Food Safety and Standards Authority of India (FSSAI)
23
General Requirements
• A utensil or container made of the following materials or metals, when used in the preparation, packaging and storing of food shall be deemed to render it unfit for human
consumption
 Containers which are rusty
 Enameled containers which have become chipped and rusty
 Copper or brass containers which are not properly tinned
 Containers made of aluminum not conforming in chemical composition to IS:20 specification for cast aluminum & aluminum alloy for utensils or IS:21 specification for wrought aluminum
and aluminum alloy for utensils
• xx

24. Flexible Packaging Market in India 2017
Date Category Description Impact
Feb 15, 2017 Product Launch High
Oct 24, 2016 Expansion Medium
Oct 19, 2016 Product Launch High
Recent Developments
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