Expert's Opinion

Indian Packaging Industry Reeling Under Unprecedented Raw Material Costs Increases

Global disturbances in the supply chain increasing prices for inks, adhesives and UV coatings.

By: Rajesh Srivastava

VP, Sales & Marketing, UFlex Chemicals

Globally, with the advent of the COVID-19 pandemic, demand for the manufacturing sector plummeted drastically, chemicals being no different faced the dearth in demand.    Industry experts believed the recovery will be slow and sluggish, therefore many industry majors in the chemical sector went for a planned shutdown in mid-2020 while some faced force majeure.    However, now when economies are recovering, the market is witnessing an unprecedented increase in demand.    A sudden surg...

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