Advantage metal packaging in 2022

The Rs 10,000 -crore metal packaging industry of India is bullish even though it has been affected by the twin impacts of securing tinplate and tin-free steel due to the imposition of BIS standards; plus the trickle-down effect of the Omicron virus.

24 Jan 2022 | By Mansi Gupta

The Indian metal packaging market is expected to register a CAGR of 6.52% during the period from 2021 to 2026. Recyclability of metal packaging is one of the significant factors expected to drive the global metal packaging market. This is a statement issued by the Metal Container Manufacturers Association (MCMA) for 2022.

Sanjay Bhatia, president of MCMA said, "The MCMA will continue to work not only for taking up the issues of the metal packaging industry but also continue to work for promotion of the metal packaging." He added, "Our industry which is mainly concentrated in MSME, is passing through a very difficult time in terms of exorbitant increase in the prices not only of tinplate and tin free steel but also other inputs. "

Bhatia said, the metal packaging industry is facing problems relating to availability of tinplate and tin free steel specially. This, he said, is "due to the virtual ban on imports due to the mandatory imposition of BIS standards for such imports vide Quality Control Order dated 17 July, 2020."

The MCMA official newsletter also expressed concern about the Omicron variant. It said, "When we are just about settling down in business to achieve our planned targets for FY 21-22, we get another shock of the Omicron variant of Covid-19." It added, "The Covid-19 has created havoc in our personal and business lives for the past two years and with no immediate end in sight."

Sanjay Bhatia said, "I hope that the health care sector, with constant support from the central and state governments, will once again come to the rescue and minimise the impact on trade and industry and people of India."