UFlex's launches in the fourth quarter of FY24

Sustainable and innovative solutions across business verticals

In the fourth quarter of FY24, UFlex‘s research and development and product innovation teams continued the momentum of developing sustainable and innovations across business verticals. The company’s emphasis on research-driven innovation and commitment to sustainability led to several innovative product launches in the March 31, 2024 quarter.

Premium packaging for Deepak Gold Tea: UFlex developed a new packaging for Deepak Tea that includes holography features that enhance the brand appeal and prevent counterfeiting. The brand name is also embellished with gold lacquer instead of a gold paste, enhancing the visual appeal.

Holographic security labels for the Pyrotechnics industry: Counterfeiting poses a substantial threat to both safety and economic stability within the pyrotechnics industry, jeopardizing legitimate manufacturers. In response, UFlex’s holography business has launched tailored holographic security labels specifically engineered for this market. These advanced labels, custom-designed for a prominent industry leader, incorporate unparalleled overt security features, serving as visible identifiers. By preventing replication, these labels ensure the authenticity of products, safeguarding brand reputation and revenue streams. The introduction of holographic labels has garnered an enthusiastic reception within the market, with industry stakeholders acknowledging their potential to fortify product integrity and bolster consumer trust. This successful venture marks an expansion of UFlex’s holography business into a novel sector, solidifying UFlex’s position as a frontrunner in packaging and security solutions.

The business has introduced a new embossing line at its Noida facility and remains committed to manufacturing printing cylinders compatible with water-based inks.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The 18-year-old multi-channel B2B in print and digital platform matches the industry’s high growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are increasing capacity and diversification, with high technology and automation in new projects.

We are mid-way through 2024, and India’s real GDP growth for FY 24-25 will exceed 6.3%. The packaging industry growth will match the GDP growth in volume terms and likely surpass it by at least 2.5% according to our research company www.ippstar.org .

The capacity for flexible film manufacturing in India has increased significantly over the past four years. We expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are growing similarly. As the consumption story returns, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our impactful coverage includes the entire packaging supply chain – from concept to shelf, to waste collection, sorting, and recycling. India is where the leading suppliers to the packaging industry are shifting their manufacturing – an opportunity with stable supply chains and low-cost production efficiencies.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, co-packers, and recyclers. If you want to reach them, your agility and innovation shown on the industry-leading platform can do some of the heavy lifting.

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