A few weeks ago I was asked at a meeting, “Sachin, what is one of the biggest challenges in the packaging industry?” Honestly, I hadn’t anticipated my respon...
With the nation on lockdown, experts suggest India is just a few days behind the situation in other countries. While the government response will be crucial ...
The packaging supply chain is at a standstill as India has halted imports from China — a major hub for plastics — and as local manufacturers struggle with permissions to operate under a lockdown, various executives told.
Hindalco Industries is betting big on the packaging and transport containers segment. The move is due to the low per capita use of aluminium in the country which is at 2.6 kg now and being the largest producer of the metal, it gives an added advantage to the AV Birla flagship. The domestic packaging industry is a USD 35 billion and is growing at around 25 percent annually.
Uflex aims to invest $500 mn to expand existing facilities and build new ones focused on greener materials.
The 37-year-old is the founder of Ecoware, a biodegradable food packaging company based out of Greater Noida. It makes plates, cups and bowls from agricultural waste such as sugarcane bagasse.
"India's packaging industry is expected to witness an outstanding growth during 2016-21, and anticipated to reach USD 72.6 billion by FY20," study said.
Albéa, a global leader in beauty, personal care, oral care, pharmaceutical and food packaging, is owned by French private equity fund PAI Partners.
The survey findings show the packaging material used in organised sector is largely safe, while it highlights major discrepancies in unorganised sector.
As part of the transaction, Advent purchased all the shares owned by existing investor Kedaara Capital and a portion of the promoters Kedia family’s stake in Manjushree Technopack.
The government, however, does not plan to make this exercise mandatory FMCG firms, and that the industry must adopt it voluntarily.
India’s packaging industry is gripped by an unprecedented global consolidation and promoter’s of India’s largest speciality packaging packaging company, Essel Propack, are looking to sell out.
Domestic PE firm Kedaara Capital holds about 24% stake in Manjushree, India's largest PET manufacturer, while the rest is held by promoter Vimal Kedia.
The state has allowed ecommerce companies to use plastic packaging for three more months, according to a government order dated June 30.
While cos such as Pepsi-Co, Cremica Food Industries, and Allied Blenders and Distillers consider increased use of glass in packaging, they feel adopting collaborative technology to recycle waste is the best way to deal with the plastic waste menace.
The line will be able to manufacture thicker films with advanced properties making it environment-friendly since it is conducive to recycling and reducing the usage of plastic per pack.
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