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India faces plastic packaging crunch: Crude oil prices and hoarding create scarcity for F&B firms | Company Business News

Source: livemint.com

India's packaging industry faces plastic shortages from volatile crude oil prices spiking PET resins and polyolefins costs.
Food, beverage, and pharma sectors scramble as raw material prices jump 30-50%, delaying production.
Industry pushes for imports and government support to stabilize supply chains amid rising demand.

India's plastic packaging sector is hitting a wall due to shortages triggered by surging global crude oil prices. This disrupts key materials like PET for bottles and polyolefins for bags and films, hitting food, beverages, and consumer goods hard. It matters because packaging is the backbone of these industries, and delays mean lost sales and higher costs for everyone.