The India Plastic Packaging Film Market size in terms of shipment volume is expected to grow from 1.81 Million tonnes in 2024 to 2.57 Million tonnes by 2029, at a CAGR of 7.26% during the forecast period (2024-2029).
India's plastic film packaging market is moderately fragmented. Major market players include UFlex Limited, Cosmo Films Limited, Jindal Poly Films, and Ecoplast Ltd. The market comprises major global and local players supplying raw materials and packaging services. The latest developments in packaging and film materials are shaping the market.
April 2024: UFlex Limited secured a long-term power purchase agreement (PPA) with Amplus Phoenix Private Limited. This agreement was specifically tailored for UFlex's packaging films plant in Karnataka. As part of its commitment to achieving net-zero emissions by 2035, or even earlier, UFlex aims to slash its carbon footprint by an estimated 19,000 tCO2e.
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