Market insights: In FY 2021, the flexible packaging market was valued at INR 615.27 Bn. It is expected to reach INR 1610.88 Bn by FY 2027, expanding at a CAGR of ~21.22% during the FY 2021 FY 2027e period. The rigid packaging market held the largest share (~80%) in 2019;...
Read MoreRapid urbanization has fuelled power requirements for the smooth functioning of modern lifestyle. There is a spurt in the demand for renewable energy with the gradual exhaustion of conventional electricity generation methods such as thermal power. In India, solar and wind are the most popular renewable energy sources. The Ministry...
Read MoreIn the wake of the pandemic, more than 500 million students have been impacted because of intermittent closure of schools and universities. Technological innovations have disrupted traditional education system. Online learning platforms have grown rapidly across educational segments primary, secondary, higher education, test preparation, and casual learning. The online education...
Read MoreThe auto ancillary market deals with the production and sale of intermediate equipment and automotive parts that are used in automobile manufacturing. It is a crucial part of the automotive industry in India. It is segmented into organized and unorganized sectors. The organized sector serves original equipment manufacturers (OEMs) and...
Read MoreThe cement industry is mainly driven by the consequential number of construction activities with the growing demand and a surging need for residential complexes of urbanised population. Furthermore, the construction of various infrastructure projects such as airports and roads, undertaken by the government in recent times, propels the growth of...
Read MoreMarket insights: In 2020, India was the third-largest consumer of oil, accounting for ~5.3% of the global oil consumption. Oil and gas jointly accounted for ~35% of the countrys overall energy mix in 2020. Oil consumption in India stood at 4,669 thousand barrels per day in 2020 and is projected...
Read MoreThe green technology market in India is dominated by green energy. The electric vehicles, and water and wastewater treatment are the other important market segments. The installed capacity of the green energy sector stood at 94.43 GW in FY 2021, with a target to reach 275 GW by FY 2027....
Read MorePetrochemical includes hydrocarbons derived from the downstream processing of crude oil and natural gas. It has extensive usage in several industries, such as agriculture, automotive, construction, plastic, packaging, and personal care. In terms of volume, the petrochemical market in India stood at 42.50 Mn Tons and is estimated to reach...
Read MoreIn India, gold is considered to be a sign of social status, financial security and cultural legacy. As of 2019, households in India assembled about 25,000 tons of gold, making the country the largest holder of the yellow metal in the world. Rural communities account for ~65% of the total...
Read MoreMarket insights The rapid penetration of electric vehicles in India is expected to drive the need for Lithium (Li)-ion battery manufacturing in the country. Li-ion batteries act as the primary storage option for electro-chemical energy. These batteries are rechargeable and contain Li-ion as the key component of electrolyte. The manufacturing...
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