Yash Pakka introduced compostable moulded flexible packaging solution for food products

Yash Pakka introduced compostable moulded flexible packaging solution for food products

Reported INR 39 Crore Profit Before Tax in FY 19-20

Ayodhya | 10th March 2021 | The Pulp and Paper Times:

The rapid growth of the market is primarily driven by the pharmaceuticals and foods and beverages industries. Huge investments in the food processing, personal care, and pharmaceuticals end-user industries are creating scope for expansion of the packaging market.

Yash Pakka, with its commitment of providing sustainable packaging solutions, is poised to create a niche for itself in the coming years. “During 2019- 20, we have introduced compostable moulded flexible packaging solution for food products. The products have better heat and moisture retention properties and expected to drive demand from the food sector in the coming years. The trial run has already been completed and we will be commercializing the products from 2020-21 onwards,” Said Mr. Ved Krishna, Strategy Head at Yash Pakka limited in a message.

The India Packaging Market was valued at USD 50.5 billion in 2019, and it is expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% during the period of 2020- 2025.

“The world is moving through an unprecedented pandemic and the resultant concern for health and hygiene will see significant rise in demand for single-use packaging solutions. With plastics having significant impact on the environment, the sustainable solutions from Yash Pakka are expected to emerge as strong alternatives. We are already seeing traction in the demand for our products from new customers as well as export markets,” said Mr. Pradeep Dhobale, Chairman – Yash Pakka in the annual report for FY 19-20

Mr. Ved further said that during the year, we have embarked on restructuring the organization to focus more on profitability. We reorganized the team, created profit centres and gave the responsibility of each profit centre to a business leader, who would be responsible to drive the respective centres. We focused on imbibing the grains of entrepreneurship in the employees with an aim of empowering them to run the businesses independently. We enhanced transparency in linking the pay structure with performance. We have created a strong core team with experienced professionals drawn from various sector manning important functions at Yash.

The per capita packaging consumption in India is much lower at 4.3 kgs, compared to countries like Germany and Taiwan where it is 42 kgs and 19 kgs respectively. However, with the growth in organised retail and boom in e-commerce segment, the consumption of packaging products is expected to grow multifold in the coming years.

“We expect that the post-Covid world will witness a surge in the demand of disposable packaging solutions. With

plastic having a negative impact on the environment, players like us will have a bigger role to play owing to the nature of products we manufacture. We also expect that there will be a considerable surge in the food takeaway service which will help in growing the demand for compostable food packaging products. Yash, with its quality and range of products will continue to grow in the coming years,” Mr. Ved described.

“This was a transformational year for Yash for a number of reasons. Over the past few years, we have emerged from a paper and pulp manufacturing company to a sustainable solutions providing company. As a result, we decided to rebrand and rename our company from Yash Papers to Yash Pakka. Pakka means the promise to deliver sustainable and quality products,” He said.

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