Indian packaging industry seeking more from OEMs
January 5, 2016 6:26 pm
The Indian packaging industry is one of the fastest growing sectors in the country’s economy. Knowing the speed of growth and the scale, there are several opportunities which are expected to arise in this sector.
According to a news report, the packaging industry in India is currently valued at $24.6 billion. With the fuel from the recent government initiative of ‘Make in India’ and overall market growth the packaging industry is expected to grow to $32 billion by 2025.
To aid the growth of the packaging industry the major contributing industries shall be the food industry which is expected to grow 11 per cent annually to reach $65.4 billion (about Rs 4 lakh crore) by 2018, India’s retail market which is deemed to be another bright spot for the packaging industry is expected to grow to $865 billion by 2023, which is presently valued at $490 billion. One of the evergreen main revenue pillars of the packaging industry for years has been Pharmaceutical Industries which has been growing at 15 per cent consistently and looking ahead aggressively to compete in the global market
All these factors will be creating enormous opportunities for the packaging industries and the two main beneficiaries shall be industries catering in packaging materials suppliers and packaging machine suppliers which we famously call as OEMs.
While packaging was looked as branding and influence consumers, back in the factory sourcing, With advent of the 21st century the game has changed with more norms in place, the administration getting stringent with new policies and the consumer being more alert the need for coding and marking has been more hard pressed. Processing, production, packaging and coding plays vital role, these functions work overnight to create innovation in their processes and packaging towards achieving optimum quality and productivity. This is an area where an amalgamation of machine builder (OEM) with a manufacturer of variable coding and marking printers is needed so that the customer benefits from an holistic solution of innovative, creative packaging for their product along with legible code complying to the industry and government needs.
Packaging area includes Filling, sealing, capping, bagging, labelling, coding, shrink wrap, vision and inspection, track and trace, cartooning, warehouse management and many more as per the specific industry needs. For fulfilling those needs OEMs need efficient and reliable partners who fit in environment where they can customise solutions accordingly. Apart from customised solutions other pain area wherein an OEM look for partner who has coverage for after-sales service across length and breadth of the country.
Sectors like food, beverages, pharmaceutical, personal care, spirit, agriculture, cement continuously look forwards to innovative packaging and filling lines and demand for high speed, highly reliable machines with low downtime and providing accurate variable codes. This has always been a forte of Domino Printech for all the above said industries.
The customer also has a need for interactive machines to minimise his delay in output, to minimise his loos in packaging and have his most accurate and legible variable codes to meet their day to day production demands. This has made packaging line atomisation and supply chain integration very essential for productivity and positioning. Therefore industry is seeking complete solution to their need rather than a standalone packaging machine or a line supplier. Machine manufacturers in the packaging industry need to have greater specialisation over the specific industry demand.
This has encouraged the OEMs of the packaging line to graduate themselves as complete packaging line integrators and offer end-to-end solutions. Coding and marking has been a critical area for all these industries, in the light of ever increasing consumer awareness and government regulations and departmental legislations coding vital variable information both in alpha numerical well as QR,2D and barcodes formats. Printing the real time information online is dominating the industry need.
Coding and marking have also expanded its utility into industrial products domain be it auto components, electrical, electronics, plastic and polymers, fertilisers and chemicals etc. Domino Printech India Pvt Ltd offers range of state-of-the-art coding and marking equipment or systems to suite these industry needs. For online as well offline coding needs, Domino compliments with the wide range of CIJ (Continuous Inkjet Printer),TTO (Thermal Transfer Overprinter), TIJ (Thermal Inkjet Printer), laser coders, print and apply labelling machine, large character printers for primary, secondary and tertiary packaging lines with host of feature for integration with host machines, and network with other packaging line equipment like online check wares, vision systems, inspection systems, labelling machine and other line equipment.
It is time for the OEMs to step up their scale of innovation to meet the new requirement by the packaging industry. Hence it is inevitable for smooth functioning of packaging sector and tapping the growth that is forthcoming a proper joint and effective effort is need of the hour from machine manufacturers (OEMs) and coding and marking industry leaders like Domino Printech for better solutions.
Author:Sailendra Behera, Sr. Manager SBUDomino Printech India Pvt Ltd Tele: +91-124-4886100Email:firstname.lastname@example.org, email@example.com