Tag Archives: Uflex Ltd.

Five reasons why Flexible Packaging has left the modern consumers ‘BESOTTED’

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Flexible packaging continues its stellar growth in the industry and topping the popularity charts amongst the manufacturers and consumers alike.

There are several important factors that have contributed to the ever rising popularity of flexible packaging since it first hit the market.

1) Source reduction

Flexible packaging production requires less materials and less energy than other types of packaging. Being light in weight it adds less weight to the packaged product and has a high product to package ratio. At the time of transportation, the light weight aspect plays a major role in cutting costs and reduction of carbon footprint, thereby being a comparatively sustainable option when compared to rigid packaging.  Flexible packaging provides significant reduction in costs; raw materials used and transport costs besides offering several performance advantages over rigid packaging. Use of flexible packaging can significantly minimize package transport costs between the converter, packer/filler, retailer and end user. Not only do flexible packs take up less space when empty as compared to rigid containers, but can also be formed on the spot from roll materials at the filling location, thereby economizing transportation of ready-formed empty packaging.  Post consumer waste can be re-processed further contributing to the circular economy.

2) Longer shelf life      

Materials like BOPET, BOPP, EVOH and PA have been demonstrating high growth owing to their barrier properties. Almost all brands demand packaging that ensures longer shelf life and greater protection for their produce.Protection from contamination and deterioration throughout its shelf life is also an integral part of flexible packaging.Intelligent packaging is designed to be able to detect food contamination and change of color incase the food is not fit for consumption by the consumer. Scientifically, barrier properties play a pivotal role in determining the effectiveness of any pack.

3) Ease in molding and designing

This form of packaging provides the liberty to mould it into unique sizes and shapes. The usage of flexible packaging is vast and versatile, unlike other packaging formats that cater to a limited set of products or a niche segment. This form of packaging also enables a printable surface so that brands are able to determine how much of the product to showcase, while maintaining brand impact.

4) Convenient for consumers

Flexible packaging happens to be the only source that has a high standard of functionality and sustainability making it perfect for the on-the-go consumers. Flexible packaging today offers a variety of packaging options that has shrink sleeves, re-sealable/ re-closable option,  zip pouches, stand up pouches etc which are highly functional and convenient for today’s consumers.

5) Sustainability

Sustainable ideas and environment friendly packaging occupy a mammoth concern for the flexible packaging companies across the world. Much of flexible packaging’s sustainability comes from the fact that it has reduced materials usage and lighter weight. There is less wastage and less use of energy and water at the manufacturing level.

India’s largest flexible packaging company Uflex Ltd. has been a pioneer in setting benchmarks for delivering innovative packaging concepts that ensure safety and viability of the packaged product through its life cycle.

Uflex offers technologically superior packaging solutions for a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, dessert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinates & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc.Some of Uflex’s clients on the global turf include P&G, PepsiCo; Tata Global; Mondelez, L’ Oreal, Britannia, Haldiram’s, Amul, Kimberly Clark, Ferro Rocher, Perfetti, GSK, Nestle, Agrotech Foods, Coca Cola, Wrigley, Johnson & Johnson among others.

Uflex to set up robotic gravure plant and automate the flexo prepress at its Noida location

1446706394_Flexostar-Printmaster-Hybrid-2.5-2_5nov3_bIndia’s largest flexible packaging company, Uflex Ltd, is in the process of setting up a robotic plant for gravure cylinder production at its Noida location. This robotic plant will be ready by January, 2016. Based on Technology from Think Laboratory in Japan, the production of cylinders will now become a one-man operation.  Uflex is committed towards innovation to create differentiation to the best advantage of its global clientele. To read more please click here.

UFLEX Ltd Q3 FY2014-15 Consolidated Net Revenue at Rs.1530 crore; and Net Profit at Rs. 57 Crore

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Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India’s largest flexible packaging company has registered the Consolidated net revenue for the December quarter of F.Y. 2015 of Rs. 1530 crore as against Rs. 1474 crore for the same period last year, up 4%. The consolidated net profit for the quarter ended December 31, 2014 has been higher at Rs. 57 crore as against Rs. 53 crore for the same period last year up by 8%.

For the nine months period ended 31st December, 2014, Uflex recorded a consolidated net revenue of Rs. 4719 crore as against Rs. 4388 crore for the same period last year up by 8% and the consolidated net profit of Rs. 186 crore as against Rs. 142 crore for the same period last year up by 31%.

Expansion Plans

UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points. In order to achieve this, company would be focused to make need based investments in future.

Uflex’s strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.

The company offers its flexible packaging products and solutions globally to clients including Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, Birla 3M, among others.

Flexible packaging and the pharmaceuticals industry

A study conducted by McKinsey & Company states that the Indian pharmaceutical industry will touch USD 45 billion by 2020 and the market will be the sixth largest in the world by the same year. The reason for this robust growth in the pharma sector is being attributed to committed health insurance, improved healthcare facilities, a growing economy and FDIs. Healthcare in India contributes to almost 6% of the nation’s GDP.

For the flexible packaging industry the pharmaceutical sector is a golden opportunity to diversify and innovate. Due to an increase in the health awareness, increase in product processing units, demand for convenient packaging, the pharmaceuticals packaging industry is registering strong gains and as the market grows the demand for flexible packaging in this sector is also expected to grow.

According to a report (marketsandmarkets.com), edged by a vast population and favorable demographics Asia-Pacific countries like India, Japan and China is expected to overtake North America and the European pharma packaging market by 2018. Other factors like robust pharma market, increased incentives, investments and initiatives both by the government and FDIs will help keep the market at an upside.

Flexible packaging presents many advantages to the medicinal industry like better features and convenience in packaged products. Child resistance, tamper proof and anti-counterfeit packaging are also some innovations that the flexible packaging industry has come up with keeping with the worldwide demand. As with most other packaged products, pharmaceuticals too need a dependable and innovative packaging solution that is a combination of quality, protection and convenience.

Over the years, the pharmaceutical companies have let go of glass packaging and switched to PET bottles for packaging their syrups and other liquid medications.

As most of the Indian pharmaceutical products are also exported overseas (US$ 14.6 billion in 2012–13), it is imperative for the flexible packaging industry to provide packaging that is foolproof and compliant to international norms. For that the packaging systems need to be advanced.

A rapidly developing pharmaceutical industry in the country and a more aware and educated consumer has made it mandatory that the packaging structure also goes through a paradigm shift. Uflex Ltd., India’s largest flexible packaging solution provider has ensured to keep pace with the times and keep itself armed with technological innovations to provide affordable and sustainable packaging solutions. Developments in the pharma sector have pushed the flexible packaging companies in India to be more competitive, economical and novel.

Small is big

According to the 2011 census 68.84% of Indians live in rural areas. (Wikipedia) No wonder then that the Indian rural market offers great opportunities and potential to companies as two-thirds of the country’s consumers are residents of this belt.  Almost half of the national income is generated in the rural areas. In 2007 the rural retail opportunity was estimated to be approx USD 34 billion which is expected to touch USD 58 billion by 2015.

However, a large proportion of India’s rural population remains poor and unable to afford products with a steep price range and that is a major concern for manufacturers. In this regard the concept of products in small packages/sachets has appealed to one and all.  Shampoo sachets were the first to be introduced in this trend at a minimum price of Re.1 targeting the rural consumer. According to an ORG-MARG data, 95% of total shampoo sales in rural India is by sachets. The demand was fuelled by largely price conscious consumer residing in rural and small towns.

With time and the increasing popularity of the sachet rural marketing became high on the agenda of most of the FMCG companies who came up with their products in small packets and at a basic price. From shampoos to hair oil to toothpaste to biscuits to soups to chocolates to cold drinks/juices to various other items sold like hot cakes.

Low purchasing power of a majority of the Indian consumers has ensured that the demand for small packaging does not die down. Flexible packaging has gained mostly in this trend owing to its low cost. Uflex Ltd. is at the helm of delivering innovation packaging solutions through its constant and improved R&D.

Packaging which once upon a time had the simple purpose of protecting the packed products has come a long way. Today flexible packaging is an art, science and a technology in itself. Progressive R&D has also ensured that packaging has become an integral part and a reflection of the consumers’ personality and lifestyles.

Small packets and sachets have allowed the rural consumer to user durables/consumables in their everyday lives which an urban consumer would also use thereby improving their standard of living.

The rural market is a minefield of opportunities for any marketer provided that his plans are in tune with the specifics and requirements of the market.  By capitalizing on this trend the flexible packaging industry can invest in advanced sachet packaging technology which can help the manufacturers achieve the flexibility and efficiency and ease for which these packs are intended. The little pouch is a powerhouse of benefits which extends from the manufacturer to the consumer.