What is flexible packaging? What is your take on global flexible packaging markets and business outlook of UFlex?
Flexible packaging is a light-weight packaging made out of polymer structures. While it is used for a variety of applications, it’s most common use is in primary food packaging to protect food from degrading and extending its shelf life. Flexible packaging delivers several other virtues and values such as barrier properties, aesthetics, convenience of transportation, storage and use, security and easy recyclability to all its stakeholders that includes manufacturers, brands and consumers and finally for the environment as well. Common examples of flexible packaging include bags, pouches, shrink films, tubes, blister packs, etc.
As per a report by Allied Market Research, the global flexible packaging market has been valued at USD 182.3 billion in 2020 and owing to its CAGR of 6.2 per cent is projected to reach USD 325.6 billion by the year 2030. This growth is witnessed on account of higher per capita income, increased focus on hygiene and packaged foods since the outbreak of the pandemic and innovation-driven focus of packaging converters and brands. Also, the ease of recycling flexible packaging has seen an increased shift from rigid to flexible packaging.
As the biggest flexible packaging company in India, UFlex has been sailing on the tides of expansion, robust order book and volume growth. Since the last fiscal, with the commissioning of greenfield and brownfield projects for packaging film manufacturing facilities at strategic locations across the globe, UFlex has achieved almost 40 per cent YoY jump in its H1 sales volume in FY22 for packaging films. In FY22, H1 revenues were up by 37 per cent YoY and for the entire fiscal year 2021-22 as a whole, we are confident of maintaining the momentum.
This story is from the December 06, 2021 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 06, 2021 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
