UFlex Blog - Flexible Packaging Industry in India

As we move into a new year, it’s time to ask what kinds of trends, priorities and disruptive innovations will be the key drivers in 2023. We spoke to Jeevaraj Pillai, joint president, flexible packing business and new product development, UFlex , about the year that has passed by, and the challenges and opportunities for the industry in 2023 and beyond. Consumer markets are experiencing rapid growth, especially in the food, personal care, and pharmaceutical industries and coupled with phenomenal growth in e-commerce sales, the packaging industry continues to register robust growth. Flexible packaging is gaining preference over rigid packaging alternatives, as it is lightweight and cost-effective. Research by allied market research indicates the size of the global flexible packaging market at USD 68.5 billion in 2021, which is projected to reach USD 102.8 billion by 2031 at a CAGR of 4.2%. Read more

The purpose of packaging in the life sciences and healthcare industry ranges from protecting the products to facilitating utilization and extending the shelf life. The global pharma packaging industry , in the recent few years, has been rethinking its strategy around sustainability and its entire packaging methods to be in tune with the rising sustainability standards and EPR guidelines. Increasing the use of renewable packaging materials, safe and reusable transport packaging for packaging of healthcare products, and reducing CO2 emissions in manufacturing and supply networks, are some of the vital methods adopted in the creation of a safer, more sustainable healthcare packaging for a better tomorrow. In the vision to create a circular economy recyclable packaging is gaining preference for the packaging of healthcare, pharmaceutical, nutraceutical and life sciences products. Recyclable packaging uses lightweight materials, primarily a similar family of mono-materials, and integrates ...