Mahika Packaging building new plant in Valsad

Plastic bottle & tube maker doubling capacity in FY 2022-23

Mumbai-headquartered plastic packaging solutions provider Mahika Packaging is planning to double its capacity, the company's director Sumit Gupta told Packaging South Asia during the Cosmoprof India 2021 show in Mumbai on 16-17 December. At present, the majority of the company's business comes from the cosmetic industry, although it also supplies tubes to the pharmaceutical industry.

"We would be doubling our tube-making capacity by the early part of the 2022-23 financial year. Once the expansion is complete, we will be making 1.6 crore (16 million) tubes a month for the cosmetic industry," Gupta says.

Mahika Packaging operates in five verticals, namely, seamless tubes, laminated tubes, labels, bottles, and caps. In the seamless tubes segment, the company manufactures single to five-layer tubes in sizes ranging from 5 ml to 300 ml.

It also manufactures HDPE, LDPE, and PP bottles ranging from 5 ml to 1000 ml. In the caps segment, Mahika Packaging manufactures flip top caps, screw-on caps, bi-color flip top caps, tamper proof caps, and metalized caps.

At the Cosmoprof India show, the company was showcasing all types of tubes that it manufactures. The company has been exhibiting at the Cosmoprof Las Vegas exhibition in the past and took part in the Cosmoprof India show in 2018 when the Indian edition was launched. Having participated in the Cosmoprof India 2019 edition, this is the third appearance for the company at the Indian B2B show for the beauty market.

The company is not only expanding it capacity, it is also in the process of developing a brand-new manufacturing unit in Valsad in Gujarat. At present, Mahika Packaging operates three plants near Mumbai, two in Daman and one in Vapi.

"Once the new plant is ready by 2023, we will consolidate all our operations under one unit. We will move all our machinery from the three plants to the brand new plant in Valsad. Spread over 200,000 square feet, the new manufacturing facility will be green and sustainable. Consolidating all our operations in one plant should help us in controlling overheads and better management of operations," Gupta says.

With the rise in disposable income in India over the past three decades, the demand for cosmetics and beauty products is growing quickly, which has propelled the demand for cosmetic packaging as well. However, in the last 18 months because of the pandemic the industry has slowed down to an extent. Gupta believes that the cosmetic industry will bounce back sharply as the economic recovery proceeds toward normal levels of consumption and growth.

"I feel that the next financial year would see good growth in the industry. Also, I see many mergers and acquisitions taking place in the coming future. We are also open to acquisitions if the opportunity is right," Gupta concludes.

The Cosmoprof business-to-business event for the fast-growing beauty market in India is organized by Bologna Fiere, one of the leading international exhibition organizers together with Informa Markets. Apart from Mumbai, the trade show takes place in the major global cities of Las Vegas, Bologna, and Hong Kong.

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India hasdemonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India's real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us whatyou need. Speak and write to our editorial and advertising teams!For advertisement [email protected] , for editorial [email protected] and for subscriptions [email protected]

– Naresh Khanna

Subscribe to our Newsletter

Check your inbox or spam folder to confirm your subscription.

What lies in store for the packaging industry in India and South Asia this coming year? Inflation, disruption of supply chains or environmental regulation? Or the resumption of high rural demand, continued investment and industry consolidation? Whatever happens, Packaging South Asia will be there, providing clarity and independent technical and business information in India and South Asia and around the world. We are a compact Indian organization bringing a window of fair and rigorous technical and business information that the industry can access this year and beyond. Please support us with your advertising and subscriptions, to keep us going and growing.

Thank you.

Check your inbox or spam folder to confirm your subscription.