The packaging industry in India has become a pillar of the country’s manufacturing and retail sector, driving improvements across various sectors. Packaging companies in India have grown beyond conventional paper and corrugated box producers to become highly advanced providers of flexible packaging and sustainable, innovative designs.
With a combined market capitalisation of over ₹23,900 crore, these companies are not merely protecting their products; they are also creating brand experiences. With changing consumer tastes toward environmentally friendly products and the growth of e-commerce, packaging firms in India are investing in technologies, automation, and environmentally friendly alternatives to ensure compliance with global standards.
Packaging Industry in India: Quick Overview
If you look around, almost everything you use—food, medicines, cosmetics, online orders—comes wrapped in some form of packaging. That’s why the packaging industry in India has quietly become one of the fastest-growing parts of the manufacturing sector. By around 2026, the industry is expected to be worth $100+ billion, growing at roughly 10–11% every year.
What’s driving this growth is pretty simple: people are buying more, cities are expanding, and e-commerce and quick-commerce have become part of daily life. Whether it’s groceries, pharma products, or FMCG items, packaging is no longer optional—it’s essential. Flexible packaging, paper boxes, rigid containers, and metal packaging all play a role depending on the product.
Another big change is the push toward eco-friendly and recyclable packaging. Companies are slowly moving away from wasteful materials, which is creating new opportunities and innovation.
Importance of Packaging Companies in Supply Chains
- Product Protection: Covers against damage to goods that are transported and stored.
- Brand Identity: Generates a visual impression and conveys brand values to the consumers.
- Regulatory Compliance: Ensure products are safe and correctly labelled.
- Sustainability: Minimises waste using recyclable and biodegradable substances.
- Cost Efficiency: Cost optimisation of logistics by intelligent packaging design.
- Customer Experience: Improves the unboxing and presentation of products.
Different Types of Packaging Companies in India
- Flexible Packaging: Pouches, films, laminates and wraps.
- Rigid Packaging: Bottles, Containers, jars and cans.
- Corrugated Boxes: Shipping boxes and cartons.
- Paper and Paperboard: Packages, folding cartons, and bags.
- Metal Packaging: Aluminium and tin containers.
- Green Packaging: Biodegradable solutions and environmentally sustainable.
How We Have Crated This List
- Market Capitalisation: The top companies in terms of their market value at December 2025.
- Financial Performance: Focus on profitability metrics such as ROE and ROCE.
- Industry Reputation: History and penetration in the industry.
- Innovation: Investment in sustainable and advanced packaging technologies.
- Client infrastructure: Industry diversification and customer satisfaction.
- Growth Potential: Future growth and expansion plans.
Top 10 Packaging Companies in India (2026)
1. EPL Ltd.
EPL Ltd. has been the largest packaging firm in India based on market capitalisation of ₹6,930 crores with specialisation in laminated tubes and packaging solutions. EPL has a global presence of 30 manufacturing plants across 11 countries and serves leading FMCG brands worldwide.
The company has reported healthy financial results, with an ROE of 16.6% and an ROCE of 18.1%. EPL’s emphasis on sustainability and innovation makes it a global industry leader among packaging companies in India.
- Packaging solutions offered: Laminated tubes, digital printing, specialty packaging, and sustainable barrier technologies.
- Industries served: Oral care, cosmetics, pharmaceuticals, food, and personal care products.
- Why it stands out: International footprint, sustainable packaging technologies, and luxury brand alliances.
- Best For: Applications requiring high-quality tube packaging that meets global standards and is used by FMCG brands.
Website: www.eplglobal.com
2. AGI Greenpac Ltd.
AGI Greenpac Ltd. is the leading glass packaging manufacturer in India, and it has a market capitalisation of ₹4,671 crores with a capacity of more than 2.5 million bottles a day. The company is a reliable collaborator of the spirits, beer, wine, food, and pharmaceutical sectors, and among Manufacturing Companies, it provides innovative glass container solutions.
AGI Greenpac is highly profitable, as evidenced by strong financial results, including a 19.2% ROCE and 17.9% ROE. It is one of the leading companies in the glass packaging industry in India and boasts the latest manufacturing technologies.
- Packaging solutions offered: Beverage, food, pharmaceutical, and specialty packaging in glasses and containers.
- Industries served: Alcoholic beverages, pharmaceuticals, food and beverages, and specialty chemicals.
- Why it stands out: Glass packaging leader with high-level manufacturing technology and certifications.
- Best For: High-quality sustainable glass packaging solutions for high-end beverage brands.
Website: www.agigreenpac.com
3. Uflex Ltd.
Uflex Ltd. is a flexible packaging enterprise with an approximate value of ₹3,385 crores and a wide range of portfolio, covering films, laminates, and holography. The company has manufacturing plants in India, the UAE, Mexico, Poland, Egypt, and the USA that supply products to markets worldwide.
The engineering unit is also involved in the development of the state-of-the-art packaging machinery; hence, Uflex is a vertically integrated player. Uflex, being one of the most diversified packaging firms in India, can mix innovation with scale to provide solutions that are based on the latest advancements.
- Packaging solutions offered: Flexible packaging films, aseptic liquid packaging, holography, and packaging equipment.
- Industries served: Food and beverages, personal care, pharmaceuticals, agrochemicals, and pet care.
- Why it stands out: Packaging material to machinery end-to-end solutions, worldwide manufacturing presence.
- Best For: Companies that require world-class, complete flexible packaging systems.
Website: www.uflexltd.com
4. TCPL Packaging Ltd.
TCPL Packaging Ltd., with a market capitalization of ₹2,758 crores, is a company specializing in quality paperboard and folding carton packaging. The company targets premium markets with high-quality print and innovative designs to serve leading FMCG brands.
A 24.5% ROE and a 20.7% ROCE make TCPL show better profitability in the context of packaging companies in India. The company’s emphasis on value-added packaging solutions has earned it a reputation for excellence in the paperboard segment.
- Packaging solutions offered: Folding cartons, paperboard packaging, pharmaceutical cartons, and specialty packaging.
- Industries served: Pharmaceuticals, FMCG, food and beverages, cosmetics, and tobacco.
- Why it stands out: The high-quality paperboard packaging with a higher standard of print and design capabilities.
- Best For: Premium brands that need top-end folding carton packages with high graphics.
Website: www.tcpl.in/
5. Huhtamaki India Ltd.
Huhtamaki India Ltd., which is a subsidiary of the international Huhtamaki Group, is based in India and is characterised by a market capitalisation of ₹1,589 crores, specialising in sustainable packaging solutions. The company produces flexible packaging, moulded fibre, and food service packaging for major Indian and multinational brands.
Huhtamaki is one of the most sustainability-focused packaging companies in India, with operations aligned with the principles of the circular economy. The company’s commitment to minimising environmental impact and quality makes it a favourite among conscious brands.
- Packaging solutions offered: Flexible packaging, moulded fibre products, food containers, and sustainable packaging solutions.
- Industries served: Food and beverages, ice cream, quick-service restaurants, retail stores, and food service.
- Why it stands out: International experience, great sustainability orientation, and innovative, eco-friendly solutions.
- Best For: Food brands that require sustainable packaging without compromising the quality or functionality of the packaging.
Website: www.huhtamaki.com/en-in/
6. Oricon Enterprises Ltd.
Oricon Enterprises Ltd., a company valued at ₹917 crores, manufactures HDPE and PP woven sacks and primarily serves the cement, fertiliser, and polymer industries. The company operates several manufacturing units across India, offering affordable bulk packaging solutions.
Oricon still maintains a strong presence in the industrial packaging segment despite these difficulties, as evidenced by declines in profitability metrics. Oricon has a niche in the market among the packaging companies in India that target heavy-duty industrial use.
- Packaging solutions offered: HDPE woven sacks, PP woven bags, flexible intermediate bulk containers (FIBC).
- Industries served: Cement, fertiliser, chemicals, agriculture ,and construction materials.
- Why it stands out: The largest producer of industrial woven sacks with a distribution network across the US.
- Best For: Industrial customers who need durable bags with high bulk-handling capacity.
Website: https://www.oriconenterprises.com/
7. Arrow Greentech Ltd.
Arrow Greentech Ltd., a packaging company with a market capitalization of ₹810 crores, has the highest ROE (40%) and ROCE (54.8%) among other packaging companies in India. The company produces HDPE woven fabrics and sacks for use in the agricultural, polymer, and industrial markets.
The emphasis on operational efficiency and quality efforts has allowed Arrow Greentech to achieve high margins and customer loyalty. The company’s financial performance is strong, indicating it is competitive in the commodity packaging industry.
- Packaging solutions offered: HDPE woven sags, woven fabrics, tarpaulins, and specialty industrial packaging.
- Industries served: Agriculture, polymers, cement, chemicals, and construction.
- Why it stands out: Outstanding profitability and ROCE and ROE ratios in the industry.
- Best For: Industrial customers seeking low prices and reliable packaging that is affordable.
Website: www.arrowgreentech.com
8. Pyramid Technoplast Ltd.
Pyramid Technoplast Ltd., among packaging companies in India with a valuation of ₹ 607 crore, produces high-quality PET preforms and bottles and closures used in the beverage and FMCG sectors. The company operates modern plants equipped with advanced injection and blow moulding technologies.
Pyramid Technoplast offers customised packaging solutions to its major brands and has a good relationship based on quality consistency. Pyramid is one of the companies in India that is involved in the packaging industry, focusing on PET packaging and in this regard, it enjoys a decent market share with stable growth potential.
- Packaging solutions offered: PET preforms, bottles, jars, closures from bottles, and custom moulded plastic packaging.
- Industries served: Beverage, edible oils, pharmaceutical, personal care, and food products.
- Why it stands out: PET packaging expertise with the latest manufacturing facility.
- Best For: Companies that need tailored PET bottles and preforms (Beverage and FMCG brands).
Website: www.pyramidtechnoplast.com
9. Creative Graphics Solutions India Ltd.
The market cap of Creative Graphics Solutions India Ltd. (₹486 crores) is into labels, flexible packaging and graphic solutions to various industries. It has innovative design and print services, as well as local and global markets. As a company with an impressive ROE of 29.1% and ROCE of 25.9%, Creative Graphics is highly profitable.
The combination of creativity and technical skills of the company makes it unique among the packaging companies in India that are concerned with brand strengthening with the help of packaging.
- Packaging solutions offered: Labels, flexible packaging, shrink sleeves, and specialty printed materials.
- Industries served: FMCG, pharmaceuticals, personal care, food and beverages, and industrial products.
- Why it stands out: Excellent printing and design services with high profitability ratios.
- Best For: Brands looking for eye-catching labels and packaging of a high high-quality print.
Website: https://creativegraphics.group/
10. S.V.J. Enterprises Ltd.
S.V.J. Enterprises Ltd. is a ₹273 crore company operating in the specialised packaging industry, offering niche applications and custom solutions. Although the firm has been volatile in its share price, it still operates in specific segments of the industrial packaging.
Industry: S.V.J. Enterprises targets clients who need custom-made packaging that is not provided regularly. The company has prospects in the specialised segments of Indian packaging companies, though their trading volumes are low.
- Packaging solutions offered: Niche packaging applications, custom solutions, and specialised industrial packaging.
- Industries served: Industrial manufacturing, specialty chemicals, and custom packaging applications.
- Why it stands out: Niche-specific packaging uses custom production facilities.
- Best For: Customers with special packaging needs that require special solutions.
Website: http://svjenterprises.co.in/
Conclusion
Packaging companies in India have evolved into advanced ventures that foster creativity, sustainability, and economic development. These companies also demonstrate varying strengths and capabilities, from EPL, a world leader in laminated tubes, to Arrow Greentech, which leads in profitability. The industry’s shift toward sustainable materials, innovative packaging, and customisation reflects evolving consumer preferences and regulatory settings.
With India being a potential manufacturing centre, packaging firms in India will be crucial to brand support, product safety, and the fulfilment of environmental objectives. These packaging leaders are the ones that investors and businesses interested in capitalising on the consumption story in India should pay close attention to, as they define the future of Indian manufacturing.
FAQs
What is the biggest packaging company in India based on market capitalisation?
EPL Ltd. is the most enormous packaging corporation in India, and its market capitalisation is ₹6,930 crores in December 2025.
Which packaging solutions are the most popular in India?
The Indian market is dominated by flexible packaging, followed by rigid packaging (glass and plastic containers), corrugated boxes, and paper-based packaging solutions.
What is the effect of sustainability among the packaging companies in India?
Businesses are increasingly adopting recyclable plastics, biodegradable materials, and circular economy principles to comply with regulations and satisfy customers by providing environmentally friendly packaging.
What are the demand industries in India for packaging?
The key industries driving packaging demand in India are FMCG, food and beverages, pharmaceuticals, e-commerce, personal care, and agriculture.
How fast is the packaging industry in India likely to grow?
The Indian packaging industry is expanding at a 15-18% CAGR and is expected to reach $200 billion by 2030, up from the current $70-75 billion.