Paper & Packaging

Packaging is currently the 5th largest sector of Indian economy and is projected to grow at a compound annual growth rate (CAGR) of 26.7% to reach US$ 204.81 billion by 2025.

Advantage India

Robust
Demand

*Paper packaging market reached Rs. 1,67,110 crore (US$ 19.07 billion) as of August 2025, growing at 19.48% CAGR to reach Rs. 4,06,866 crore (US$ 46.43 billion) by 2030.

*India packaging industry valued at Rs. 7,36,092 crore (US$ 84 billion) in 2024, projected to reach Rs. 12,53,109 crore (US$ 143 billion) by 2029 at CAGR 11.00% during 2024-2029.

Innovation Towards
Sustainability

*Flexible packaging remains one of the most widely used packaging formats in India due to its cost efficiency, versatility, and suitability for FMCG distribution. The segment has expanded rapidly, with the market growing by US$ 12.72 billion during 2021–2025 at ~11% CAGR, while ongoing shifts toward recyclable materials, lightweight packaging, and mono-material structures are strengthening sustainability across the packaging value chain.

Increasing
Investments

*UFlex Ltd announced an investment of over Rs. 700 crore (US$ 80.2 million) to expand its packaging film manufacturing facility in Karnataka. The expansion will add 54,000 MTPA of new capacity, increasing the company’s global packaging film production capacity to 690,160 MTPA.

*Cumulative FDI inflows stood at Rs. 10,367.64 crore (US$ 1,768.05 million) in the Paper and Pulp (including paper) sector between April 2000-December2025.

Policy
Support

*MoEF&CC’s EPR Rules 2024 mandate paper packaging producers to meet phased recycling targets from April 2026, strengthening fibre recovery, compliance systems, and circular economy adoption.

*Initiatives like "Make in India" and GST reforms are bolstering the demand for advanced packaging infrastructure, creating a more conducive environment for both domestic and international players.

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Last updated: Feb, 2026

Uflex ltd

UFlex is India’s largest multinational flexible packaging and solutions company. Over the last three decades, the company has earned an irreproachable reputation by defining the contours of the packaging industry in India and overseas. As a leading name among packaging solutions companies, the company assists customers by offering world-class packaging solutions that preserve freshness and extend shelf-life of food and other packed products. The company is recognized as a pre-eminent player amongst flexible packaging companies in India. Since our inception in 1985, the company has turned into a multi-billion company by focusing on trust, value creation for customers, quality innovation and customer satisfaction.

Company Website

TCPL Packaging Ltd

TCPL Packaging is one of India’s largest manufacturers of folding cartons, and India’s largest standalone converter of paperboard. It manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging. The company also exports its products. It serves tobacco, FMCG, food and beverage, liquor, pharmaceuticals, consumer electronics, and other consumer goods industries. The company was formerly known as Twenty-First Century Printers Ltd.

Company Website

JK Paper LTD

JK Paper Provides Sustainable Paper Solutions for your needs. It produces Paper via Social Farm Forestry without harming a single natural forest tree. Paper-based solutions are 100% bio-degradable and recyclable which provide customers a choice of switching to a sustainable future. It has a worldwide footprint with customers in over 60 countries covering the USA, Middle East, Europe, South-East Asia, and Africa. In India, the company provides services to our customers through an extensive distribution network of over 350 trade partners, 4,000 dealers, 15 depots & 4 regional marketing offices. From being the pioneer of branded Paper in India, the company today is a leading Sustainable Paper Product Solutions Provider.

Company Website

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