In the bustling world of commerce, packaging has emerged as a key player. It’s not just about wrapping products anymore; it is about branding, marketing, and making a statement. Indian packaging companies are at the forefront of this change, innovating and expanding to meet the evolving demands of consumers. For a broader perspective on India’s diverse packaging sector, including companies beyond this list, visit our detailed overview of packaging companies in India.
Let’s delve into top 10 packaging companies in India that have been setting new benchmarks in the industry. From eco-friendly solutions to cutting-edge designs, these titans are transforming how we look at product packaging.
So buckle up! You’re about to embark on an insightful journey where you’ll get acquainted with India’s trailblazers in packaging. Each company comes with its unique strengths and offerings – all playing their part in shaping India’s vibrant packaging sector.
Packaging Industry in India
- The Indian packaging industry was valued at USD 71.9 billion in 2023 and is expected to reach USD 130.14 billion by 2028, growing at a CAGR of 12.6% from 2023-2028
- Packaging is the 5th largest sector in India’s economy and is growing at 22-25% annually
- The major packaging material segments in India are plastics (flexible and rigid), paper & board, glass, metal and wood
- Flexible packaging, especially PET and woven sacks, are the fastest growing packaging material segments in India
- Packaged food is the fastest growing segment within the Indian packaging industry due to rising incomes, urbanization and increasing number of working women
- The beverage packaging market in India is dominated by rigid plastics (PET) and glass which account for 70% market share
- Pharmaceuticals, FMCG, manufacturing, and e-commerce are major end-user industries driving growth in the Indian packaging market
- India’s packaging exports comprise flattened cans, printed sheets, crown corks, plastic laminates, craft paper etc. while imports include tinplate and coating compounds
- Costs of processing and packaging in India can be up to 40% lower than Europe making it attractive for foreign investments in the sector
In addition to plastic and metal packaging, paper packaging plays a vital role in the industry. Learn more about the paper manufacturing companies in India that contribute significantly to sustainable packaging solutions.
Packaging Companies in India
- Uflex Ltd
- Essel Propack Ltd
- Huhtamaki PPL Ltd
- Uma Polymers
- Jindal Poly Films Ltd
- Polyplex Corporation Ltd
- TCPL Packaging Ltd
- Time Technoplast Ltd
- Balmer Lawrie & Co. Ltd
- Cosmo Films Ltd
| Company Name | Revenue in Crores (FY 2022) |
|---|---|
| Uflex Ltd | 13,237 |
| Essel Propack Ltd | 3,767 |
| Huhtamaki PPL Ltd | 769 |
| Uma Polymers | Over 500 |
| Jindal Poly Films Ltd | 5,852 |
| Polyplex Corporation Ltd | 3,636 |
| TCPL Packaging Ltd | 1,088 |
| Time Technoplast Ltd | 36,498 |
| Balmer Lawrie & Co. Ltd | 2,383 |
| Cosmo Films Ltd | 3,030 |
- Uflex Ltd
- Revenue: 13,237 crores
- Essel Propack Ltd
- Revenue: 3,767 crores
- Huhtamaki PPL Ltd
- Revenue: 769.03 crores
- Uma Polymers
- Revenue: Over 500 crores
- Jindal Poly Films Ltd
- Revenue: 5,852.92 crores
- Polyplex Corporation Ltd
- Revenue: 3,636.88 crores
- TCPL Packaging Ltd
- Revenue: 1,088 crores
- Time Technoplast Ltd
- Revenue: 36,498 crores
- Balmer Lawrie & Co. Ltd
- Revenue: 2,383 crores
- Cosmo Films Ltd
- Revenue: 3,030 crores
1. Uflex Ltd
Dive into the world of Uflex Ltd, India’s largest multinational flexible packaging company. With a strong presence in over 140 countries and manufacturing facilities across nine separate nations, it’s clear why they’re industry leaders.
In the financial year 2022, Uflex posted consolidated total revenue of INR 13,237 crores with an EBITDA of INR 2,280 crores and net profit standing at a hefty INR 1,098 crores. They’ve achieved these staggering numbers thanks to their dedicated workforce of almost 7,000 employees.
| Year | Revenue (in Crore) | EBITDA (in Crore) | Net Profit (in Crore) |
|---|---|---|---|
| 2022 | 13,237 | 2,280 | 1,098 |
As leading providers of flexible packaging solutions they manufacture and supply biaxially oriented polyethylene terephthalate films (BOPET), biaxially oriented polypropylene films (BOPP), and cast polypropylene films (CPP). It’s no wonder then that some big names are on their client list – think P&G, PepsiCo Coca-Cola Nestle Mondelez L’Oreal Britannia Haldiram’s Amul Kimberly Clark Reckitt Dabur – the list goes on!
Uflex stands tall with its corporate office located at A –107 -108 Sector – IV Noida -201301 U.P. India even as it spreads its operations globally.
Founded back in ’88 this Indian multinational has come a long way. Their growth trajectory is marked by constant innovation which is evident from their focus on research and development. They’ve even filed patents for products like aseptic liquid packaging containers.
Uflex’s innovation hasn’t gone unnoticed either. They’ve been showered with various global awards recognising their product excellence, sustainability efforts, and flair for innovation.
2. Essel Propack Ltd
Essel Propack Ltd, headquartered in Mumbai, India, is a front-runner in the packaging industry. With a staggering revenue of Rs 3,767 crore and a net profit of Rs 274 crore in FY 2022, it’s clear this company is making significant strides.
| Revenue (FY 2022) | Net Profit (FY 2022) |
|---|---|
| Rs 3,767 Crore | Rs 274 Crore |
Their workforce boasts around 3,300 employees globally as of 2022. They’re known for their production of laminated plastic tubes and caps & closures. They also provide packaging solutions tailored to FMCG and pharma companies. Their impressive client list includes global giants such as Unilever, Colgate-Palmolive, P&G, L’Oreal and Amway among others.
Not only are they the world’s largest manufacturer of laminated plastic tubes but they also hold approximately a third of the global market share in oral care tube packaging. This dominance extends to toothpaste tube packaging where their market share was estimated at around 33% back in 2009.
Essel Propack has its roots established since its formation through the merger of Essel Packaging and Propack AG in1982. Today it operates under the umbrella of Blackstone Group who acquired a majority stake (52%) back in 2018.
With units sprawled across USA, Mexico, Colombia, Poland Germany Egypt Russia China Philippines and India – their influence truly spans across continents! In addition to organic growth they’ve made strategic acquisitions like Arista Tubes Inc in US and Lamitube Technologies Ltd in Mauritius.
The company prides itself on being pioneers in laminated tube technology with a strong emphasis on research & development leading to new product innovations. A testament to this commitment is their partnership with Adexa for supply chain management software implementation in 2005.
In fact, Essel Propack bagged the Aon Hewitt Best Employers in India Award in 2013 and a Supplier Award from Unilever in 2011.
Key figures steering this enterprise include Ashok Goel, Vice Chairman and MD and Amit Dixit Senior VP and Head of M&A. With such dynamic leadership at the helm, it’s no surprise that Essel Propack is a global leader in packaging solutions!
3. Huhtamaki PPL Ltd
A leader in the packaging sector, Huhtamaki PPL Ltd sets the bar high with their impressive revenues. With earnings amounting to approximately ₹7.69 billion (or ₹769.03 crores), it’s clear that they’re a force to be reckoned with.
This powerhouse of a company isn’t just about numbers though. They’re also responsible for employing over 2,900 people across India. Their varied workforce aids them in delivering exceptional products and services across multiple market segments including food, beverage, pet food, healthcare, personal care, and industrial needs.
Stationed in Mumbai, Huhtamaki PPL Ltd continues to make strides in the industry. Notably recognised as the largest manufacturer of finished flexible packaging by volume across Africa, India and Asia Pacific (excluding Japan), their impact is far-reaching.
The company has demonstrated commitment towards sustainability too. Last September saw them acquire Elif – a pioneer in sustainable flexible packaging solutions based out of Istanbul and Cairo.
Looking back at their roots will take you all the way to Lahore where it was founded back in 1935 before becoming part of Finnish corporation Huhtamäki Oyj by 1999.
Innovation forms another key aspect for Huhtamaki as evidenced by their R&D centre located right here in India. They’ve been duly recognised for their efforts as well – something clearly visible from multiple accolades mentioned in their 73rd Annual Report.
Over time they’ve expanded through acquisitions like Webtech which specialises in premium labels and Positive Packaging. It’s these strategic moves that have helped solidify Huhtamaki’s position within the Indian market while also paving its way towards international acclaim.
4. Uma Polymers
Let’s delve into the world of Uma Polymers, a titan in the packaging industry. With an annual revenue exceeding INR 500 crores (over $60 million) and a net profit hitting INR 18.32 crores ($2.2 million), it’s clear this company is no small player in India’s booming packaging sector.
| Revenue | Net Profit | |
|---|---|---|
| Figures (INR) | Over 500 Crores | 18.32 Crores |
Boasting between 101-500 employees, each one is dedicated to maintaining the company’s high standards.
Uma Polymers is situated in Jodhpur, Rajasthan, right in the heart of India. From here, they manage to serve countless industries with their main products; flexible packaging materials which includes laminated rolls and pouches for food, pharmaceuticals, personal care and industrial applications.
They’ve not only survived but thrived since their inception back in 1987. It’s these years of experience that have seen them become one of India’s largest manufacturers and exporters of flexible packaging solutions.
The R&D department at Uma polymers works tirelessly on developing innovative packaging solutions that respond to changing market trends and customer needs.
This tenacious approach has seen them garner praise within the industry as well as solidify their position among India’s top ten packaging companies.
5. Jindal Poly Films Ltd
When it comes to flexible packaging solutions, Jindal Poly Films Ltd is a name that stands out. With its headquarters nestled in New Delhi, India, the company has been delivering top-notch solutions since 1974. As part of the revered B.C. Jindal Group, they’ve embraced diverse business avenues like steel pipes and thermal power generation.
Jindal Poly Films’ commitment to innovation is evident in their impressive product range. They’re known for manufacturing Polyester (PET) and Polypropylene (OPP) films that find extensive use in the flexible packaging industry. Their wide-ranging offerings include PET films, BOPP films, metalized films, coated films and more. They serve various industries such as consumer durables, transportation construction and of course – packaging.
In terms of financial performance during the fiscal year 2022, they reported a net revenue of ₹5,852.92 crores with a net profit standing at ₹315.12 crores.
| Fiscal Year | Net Revenue (in Crores) | Net Profit (in Crores) |
|---|---|---|
| 2022 | 5,852.92 | 315.12 |
With around 1,624 dedicated employees behind them, Jindal’s influence extends far beyond India’s borders; they have an impressive distribution network across 40 countries covering almost all global markets.
The company has also made some strategic moves to expand its portfolio and reach new heights – notably acquiring Rexor S.A.S back in 2003 – a French firm specialising in creating metallized and coated films among other high-value products.
Their dedication doesn’t just stop at product diversity or expansion though – research & development holds significant importance too! The company consistently invests in new product segments like Biaxially Oriented PolyAmide (BOPA), metallizers, specialized BOPP lines, sheeters and coaters.
To sum it up, Jindal Poly Films Ltd’s success lies in its commitment to innovation, strategic acquisitions and a strong distribution network. They’re not just India’s largest manufacturer of BOPET and BOPP films but also a global leader setting industry standards.
6. Polyplex Corporation Ltd
This company is a leading light in the packaging industry. Known for its quality and innovation, they’ve been making waves since their establishment back in 1984.
Talking numbers, the financial year of 2022 saw them report gross sales of ₹3,636.88 crores with a net profit of ₹611.29 crores. It isn’t surprising though when you consider their work force; around 2,700 dedicated employees working tirelessly to ensure that the wheels keep turning smoothly.
In terms of products and services-they’ve got quite the range! From PET films to Blown PP/PE and CPP films – they do it all. These are primarily used within the flexible packaging industry but also find application in labels, tapes and release liners for industrial uses.
Polyplex boasts a diverse client base over 1,600 strong which is mainly served through large distributors.
The nerve centre lies in Noida, Uttar Pradesh India where all the magic happens – this global corporation has its roots firmly planted on Indian soil!
From being an Indian start-up to becoming the seventh-largest PET film manufacturer globally. Their manufacturing footprint spans across seven locations in five countrie.
One key aspect driving this success would be their commitment towards research & development; their dedicated facility enables them to continually innovate and develop new products.
And finally onto acquisitions and expansions – Polyplex has several feathers under its cap including subsidiaries like Polyplex (Asia) Pte., Ltd., Polyplex (Thailand) Public Company Ltd., among others. The company has smartly positioned itself in strategic locations across the globe to better cater to its diverse customer base.
So, there you have it! A snapshot of Polyplex Corporation Ltd; a powerhouse in the world of packaging, steadily making its mark one film roll at a time.
Just as Polyplex Corporation caters to various industrial packaging needs, the tire industry also demands specialized packaging solutions. Discover the leading tyre companies in India that are significant users of these packaging products.
7. TCPL Packaging Ltd
Taking a turn to the Indian packaging industry, let’s shine some light on one of its major players – TCPL Packaging Ltd. Based in Mumbai, Maharashtra, this company is well-known for delivering packaging solutions across various sectors. Founded in 1987 by the Kanoria family, it has grown immensely over the years with manufacturing facilities sprawling across Silvassa, Goa, Assam and Uttarakhand.
TCPL kicked off its journey as manufacturers of folding cartons but didn’t stop there. They expanded their portfolio to include printed blanks and outers, litho-lamination, plastic cartons and blister packs and as Shelf-ready packaging too.
By 2016 they dabbled into flexible packaging producing laminates, shrink sleeves and wrap-around labels among others. It was undoubtedly a strategic move that resulted in the formation of a subsidiary named TCPL Innofilms Pvt Ltd.
| Revenue | ₹1,088 crores ($140 million) |
|---|---|
| Profit | ₹70 crores ($9 million) |
With these impressive figures generated by an enthusiastic team of 2,083 employees (as per data), it’s clear why they hold around 10% market share of the Indian folding cartons market.
Their key clientele spans across multiple industries such as tobacco firms, FMCG businesses along with food & beverage companies; not forgetting liquor brands and pharmaceuticals too. Consumer electronics industries also form part of their client base which speaks volumes about their versatile service offerings.
A significant partnership worth mentioning here is with Huhtamaki PPL to produce paperboard packaging in India which further solidified their position in the field.
At TCPL emphasis isn’t just laid on production but equally on research and development. Their dedicated R&D department strives towards developing sustainable packaging solutions that align perfectly with today’s environmental needs.
It’s no surprise that the company has been certified for quality standards like ISO, BRC and FSC. They’ve marked their presence as one of India’s largest manufacturers of folding cartons and converters of paperboard. A notable person steering this ship is Anantshree Chaturvedi, who holds the position of Vice Chairman & CEO at TCPL Packaging Ltd.
With such a track record in hand, TCPL stands tall amongst its competitors in delivering top-notch packaging solutions across India and beyond.
8. Time Technoplast Ltd
Based in Mumbai, Maharashtra, Time Technoplast operates as a prominent name among India’s packaging companies. Founded back in 1992, the firm went public with IPO listings on BSE and NSE in 2007. It’s not just confined to Indian boundaries but has managed to expand its footprint globally across 11 countries including the likes of UAE, Bahrain, Egypt, Thailand, Vietnam and others.
In FY 2022 alone they reported consolidated revenues amounting to ₹36,498 crores and consolidated net profit of ₹1,863 crores.
As of March 2022 over 4k employees were contributing their skills globally towards the company’s success with estimates indicating total employee count between 2.5k-5.5k.
When it comes to products or services offered by Time Technoplast Ltd., there’s an array of items under different categories:
- Industrial packaging products like drums and containers
- Infrastructure products such as HDPE pipes
- Automotive components
- Lifestyle products including furniture and storage solutions
- Composite cylinders
They’ve also managed some notable achievements along their journey:
- Spread their business operations across major continents with a global footprint spanning 11 countries.
- Maintains a robust distribution network covering more than three hundred cities/towns across India.
- Developed key partnerships like teaming up with Netherlands-based Greif to manufacture steel drums within Indian premises.
Their clientele base includes multinational companies from various industries including chemicals, petrochemicals pharmaceuticals and foodstuffs.
With wholly owned subsidiaries spread across countries like UAE, Bahrain Indonesia Egypt Malaysia Taiwan Thailand Vietnam & US (acquired Core Plastech in 2020), they’re able to diversify their offerings whilst maintaining quality standards.
Time Technoplast is among the top players in India’s industrial packaging industry.
The company places strong emphasis on research and development, continually innovating their product design and development processes. This commitment hasn’t gone unnoticed, with the Ministry of MSME recognising them amongst the top 100 SMEs within India during 2020.
In conclusion, Time Technoplast Ltd stands tall as one of the leading packaging companies in India today. Their impressive growth combined with a diverse product portfolio and reputable client base only further solidifies their position at the forefront of this industry.
While Time Technoplast Ltd offers lifestyle products including furniture, delve into the exclusive range of best furniture brands in India for more variety in home decor.
9. Balmer Lawrie & Co. Ltd
Delving into the realm of top-notch packaging companies in India, we’ve got Balmer Lawrie & Co. Ltd firmly holding its ground. Having etched its name as a market frontrunner in various sectors such as steel barrels, greases, corporate travel and logistics services, it’s no wonder this company boasts impressive figures. With a revenue standing at Rs 23.83 billion (Rs 2,383 crores) and profit soaring to Rs 1.71 billion (Rs 171 crores), it’s clear that Balmer Lawrie means business.
Flourishing under the Ministry of Petroleum and Natural Gas as a Miniratna-I PSU since its inception back in 1867 by two Scotsmen – Stephen George Balmer and Alexander Lawrie – this Kolkata-based firm has come quite a long way. Celebrating its sesquicentennial anniversary in 2017 marked an impressive landmark in their journey.
Their team of around 1,465 dedicated employees work tirelessly to ensure they continue delivering premium quality products and services across diverse industries. Not only do they specialise in industrial packaging particularly steel drums but also have a significant hand in manufacturing greases, lubricants and leather chemicals.
What sets them apart further is their venture into travel and logistics services which adds another feather to their cap making them the oldest IATA accredited travel agency within India’s borders.
Balmer Lawrie has spread its wings far beyond Indian shores with four Joint Ventures and one subsidiary scattered both domestically and internationally.
| Revenue | Profit |
|---|---|
| Rs 2,383 crores | Rs 171 crores |
To conclude on this note, when you think about exceptional quality coupled with unparalleled service experience within India’s packaging industry or beyond – think about Balmer Lawrie & Co. Ltd!
10. Cosmo Films Ltd
Diving into the world of packaging, we’ll find Cosmo Films Ltd, a company with noteworthy achievements and an impressive history. Recording a substantial revenue of Rs 3,030 crores and profit of Rs 397 crores, the firm is a significant player in the Indian market. They’re backed by their diligent workforce of 1,338 employees who work tirelessly to uphold the brand’s reputation.
Cosmo Films Ltd specialises in producing various films such as BOPP films, CPP films, BOPET films along with specialty ones like thermal lamination films and high barrier films among others. Their key clients include leading FMCG companies, packaging converters and label manufacturers – all testament to their superior product quality.
The company proudly calls New Delhi its home base while its reach extends far beyond national borders. Several milestones mark their journey since being founded by Ashok Jaipuria back in 1976. The first plant was set up in Aurangabad, Maharashtra in 1981 followed by acquisitions including Gujarat Propack in 2001 and US-based GBC Commercial Print Finishing in 2009.
They’ve managed to carve out a strong position for themselves on the global stage too – they’re among the top three suppliers of BOPP films worldwide! Not just that, they also hold multiple patents both within India and globally – indicative of their constant innovation.
A state-of-the-art R&D facility fuels this innovation where they take a collaborative approach with customers for product development. This forward-thinking mindset has earned them several recognitions – product awards like PFFCA, World Star, Asia Star etc., as well as certifications for ISO standards and food safety norms.
Looking into Cosmo Film’s subsidiaries and acquisitions reveals more about the company’s growth strategy. The acquisition of Gujarat Propack further strengthened their foothold while acquiring GBC Commercial Print Finishing helped them extend their reach overseas. Today, Cosmo Films Ltd stands as the largest exporter of BOPP films from India and the world’s largest manufacturer of thermal lamination films – achievements that speak volumes about their relentless commitment to excellence.
Conclusion on Packaging Companies in India
Navigating the diverse landscape of packaging companies in India, you’ve likely gained a comprehensive understanding of what the industry has to offer. Let’s take a moment to look back and summarise the key points we’ve covered.
The top ten packaging firms are driving innovation with their state-of-the-art facilities and robust service offerings. They’re not just setting high standards within the country, but they’re also making their mark on a globally.
These trailblazers have shown resilience amidst changing market scenarios, maintaining steady growth rates while consistently investing in R&D for sustainable solutions.
Remember though – while these companies represent the best of what India’s packaging industry has to offer right now – tomorrow is another day. The ever-evolving nature of this field means there will always be new trends to watch out for; fresh innovators emerging on the scene; exciting opportunities waiting around every corner.
So keep your eyes peeled for continued growth and innovation from India’s top-tier packaging companies!
For a broader perspective on India’s diverse packaging sector, including companies beyond this list, visit our detailed overview of packaging companies in India.
