Indian packaging market stands at USD 20.41 billion in the year 2025 and is projected to reach a market size of USD 39.31 billion in the year 2031, registering a CAGR of 11.5% in the 2025-2031 period. High demand for packaging in India is mainly coming from the middle- class and rural populace due to increase in per capita income. Moreover, the abundance of raw materials for packaging products is also driving the growth of this market. As far as industries are concerned, major packaging demand comes from FMCG, e-commerce, household products and white products. Packaging not only safeguards the products across industries but also plays a crucial role in boosting the brand appeal of companies. Packaging companies either manufacture custom packaging to order or stock packaging for supplying to distributors.
1 AGI Greenpac
AGI Greenpac, established in the year 1960, is a leading manufacturer of glass, plastic and other packaging products under the brand names, namely Glaspec, Plastek and Clozures. Its glass packaging products include glass containers and specialty glass for food, soft drinks, pharmaceuticals, wine, spirits and other industries. Plastic packaging products like bottles come in a host of varieties, such as PET, HDPE, PP and others. The company also manufactures anti-counterfeit security caps especially for the beverage industry.
AGI Greenpac is known for its excellence in design and engineering, deep industry knowledge and sustainable packaging solutions. The company operates 6 state-of-the-art manufacturing facilities across India.
2. UFlex
UFlex, established in the year 1985, is a leading provider of end-to-end flexible packaging solutions for various industries. It manufactures a wide range of flexible packaging films, such as BOPET films, BOPP films, Metalised films, CPP films, Specialty films, Alox-coated films, PET films and more. The company is the second largest supplier of thin polyester BOPET films in the world.
UFlex operates manufacturing facilities in India and other countries, such as UAE, Egypt, Poland, Mexico, USA, Russia, Hungary and Nigeria, with a cumulative capacity of more than 609,000 TPA.
3. Borosil Scientific Limited
Borosil Scientific Limited, founded in the year 1962, specialises in precision engineered products for pharmaceutical industry and scientific establishments. In the packaging segment, it offers premier pharmaceutical primary packaging products, such as glass ampoules and tubular glass vials of USP Type 1 in multiple variants and capacities. The company not only follows DIN ISO standards for manufacturing the pharma packaging products but also in accordance with customer’s specifications.
Borosil Scientific manufactures primary pharma packaging at its state-of-the-art facility located in Nashik, Maharashtra. It has a production capacity of more than 350 million pieces of tubular glass vials and over 800 million pieces of glass ampoules per annum.
4. TCPL Packaging Limited
TCPL Packaging Limited, founded in the year 1987, is among the leading players in the sustainable packaging industry, and also has a significant presence in the paperboard packaging industry. Its product offerings include folding cartons like mono cartons and shelf-ready packs, food packaging, specialty and gift packaging and pharma packaging. The company also manufactures various types of flexible packaging, including shrink sleeves, laminates, pouches and wrap-around labels.
TCPL Packaging operates five manufacturing facilities, located in Haridwar, Silvassa, Goa, Assam and Guwahati. All the facilities carry international certifications like ISO, BRC and SEDEX.
5. Essel Packaging Limited
Essel Packaging Limited, established in the year 1982, is one of the leading manufacturers of specialty packaging for FMCG companies in multiple segments, such as cosmetics, pharmaceuticals, oral care, home care and food and nutrition. Its product portfolio includes standard laminates, specialty laminates, laminated tubes, extruded tubes, dispensing systems, and caps and closures.
EPL has a network of more than 21 production plants across more than 11 countries worldwide, with a production capacity of 8 billion tubes each year.
6. Ester Industries Limited
Ester Industries Limited, established in the year 1985, specialises in both polyester films for flexible packaging and engineering plastic compounds. Its wide range of polyester films are designed for catering to the flexible packaging needs of multiple industries, including food and beverages, pharmaceuticals, consumer equipment and heavy equipment. The flexible packaging solutions of the company include metalised high barrier films, transparent high barrier films, formable films, special chemical coated films, heat seal films, white opaque films, UV stabilised films and high friction films.
Ester Industries supplies its products to 75 countries across Asia-Pacific, North America, South America, Middle East, Europe and Africa. Its manufacturing facility is located in Khatima, Uttarakhand.
7. Time Technoplast Limited
Time Technoplast Limited, founded in the year 1992, manufactures high-end plastic products under various categories, such as industrial packaging, automotive components, material handling and others. Its industrial packaging products include drums, containers, pails and PET sheets for various packaging requirements. The packaging products are manufactured using special-grade polymers, and moulding technologies like extrusion moulding and thin-walled injection moulding.
Time Technoplast is present in multiple countries all over the world, including India. It operates over 40 manufacturing facilities worldwide.
8. Cosmo Films
Cosmo Films, established in the year 1981, manufactures specialty packaging films, rigid sheets and thin-walled containers. Its portfolio of specialty films comprise of BOPP, BOPET, CPP and PET-G for industrial packaging and labelling. The company also offers synthetic papers which are polypropylene films designed for a host of applications including retail packaging, and rigid polyester/metal/composite sheets and thermoformed containers for FMCG packaging.
9. Balmer Lawrie and Company Limited
Balmer Lawrie and Company Limited, established in the year 1867, is owned by the Government of India. It has diversified business interests, including industrial packaging. The company manufactures a wide range of industrial drums, such as plain steel drums, composite drums, galvanised drums, conical drums, tall drums, necked in drums and internally painted drums, for a number of industries, including oil, chemical, agrochemical, and food and fruit pulp.
10. Oricon Enterprises Limited
Oricon Enterprises Limited, established in the year 1968, manufactures a wide range of packaging products through its division named Oriental Containers. The packaging products manufactured by this company include aluminium collapsible tubes for pharmaceutical and cosmetic industries, ROPP caps for liquor and pharmaceutical industries, plastic closures for bottles, and crowns in twist-off and intermediate skirt pry-off variants.
Conclusion
Packaging companies are increasingly adopting sustainable practices for manufacturing their packaging products. More innovative technologies are being developed to make packaging more safe for use and much more resistant against tampering and damage.
