December 6, 2023
The COVID-19 pandemic has significantly impacted and transformed several industries, including the $413 billion per year Indian packaging industry. The industry started to face post-pandemic unique challenges with heightened concerns over hygiene and safety, but also rapidly shifted towards innovations in ways previously unimagined.
Before the pandemic, the packaging trends slowly evolved towards sustainability and minimalism. However, the pandemic brought a growing demand for recycled packaging amidst the rising concern for curbing 3.4 MT of plastic waste yearly. Packaging trends post-pandemic are majorly driven towards:
Despite the heavy demand for single-use plastics, there is still a trend for sustainability. The packaging industry is exploring various eco-friendly materials to reduce environmental impact. This is because of customer demand. As per the research, 69% of consumers are willing to pay more for sustainable products. These statistics underscore a strong market demand for eco-friendly packaging.
With a notable CAGR of 15.06%, India’s biodegradable packaging market is on the rise. In this regard, there is a notable trend in sustainable packaging, achieving lightweight. The aim is to reduce material weight to conserve resources and cut down on energy consumption with ease. The list of eco-friendly materials in demand are:
There has been a significant increase in the need for eco-friendly e-commerce packaging strategies post-pandemic. According to recent data, 2.3 billion consumers did online shopping at least once in 2022. While consumers are intending to spend double on online grocery stores, e-commerce industries are using smart packaging tactics using customer psychology. For instance, companies are using color psychology: blue for cleanliness, red for pleasure, and green for health-related packaging.
Consumer preferences in packaging have shifted significantly towards sustainability and minimalist packaging. 60% of Indians are willing to pay a premium price for sustainable products. Consumers increasingly want to understand the environmental impact of packaging materials. In this regard, packaging industries are exploring every type of recycled material, from recycled materials to biodegradable alternatives.
Also, there is a growing trend towards minimalistic packaging. It aligns with customers’ sustainability goals while simplifying recycling processes for industries.
Governments worldwide have been revising regulations on the use of single-use plastics. For instance, India imposed a ban on 19 single-use plastic items on 1 July 2022 to push the industry towards sustainable solutions. On the other hand, the industry response to packaging challenges is also incentivized to adopt sustainable packaging practices.
The packaging industry is witnessing several trends that are going to shape the future of packaging, such as:
The pandemic has transformed the packaging industry as a beacon of innovation and growth. The industry is more focused towards creating customized packaging solutions to promise protection and deliver higher customer satisfaction. In this regard, Moglix is redefining packaging for a wide range of industries with its end-to-end sustainable packaging solutions to clients across India.