Packaging becomes the 5th P of marketing industry

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Uflex flexible packaging

Uflex flexible packaging

According to Uflex 4 Ps of marketing have now included another P which signifies packaging. So what characterizes marketing in today’s business sector are Product, Price, Place, Promotion and Packaging. The packaging business has seen a blast inferable from its utilization particularly in FMCG and retail area. The utilization of packaging in these commercial enterprises is especially huge as it represents the quality of product.From being just a source of storage, packaging and especially flexible packaging, has come of age. There is a detectable movement in food packaging towards flexible packaging materials, as these are solid, lightweight and space-sparing. Flexible packaging  by Uflex is made from materials like plastic, aluminum and paper. These materials undergo a detailed conversion process such as printing, lamination, coating, extrusion, and pouch & roll making to develop different types of flexible packaging products.
The role of packaging in marketing has become more important than ever as it creates the first ‘impression of truth’ for the customers at the Point of Sale. Packaging can actually make or break the deal.
A number of manufacturers are turning to flexible packaging of their products as it offers a variety of exciting marketing opportunities to the producer without increasing the cost of production. The packaging solutions can be actually ‘bespoke’ with respect to merchandising requirements.
The global packaging industry is expected to grow to $820 billion by 2016. The Indian packaging industry, growing at roughly 15% annually, is estimated to become the fourth-largest in the world, with revenues of $43.7 billion in 2016. Market research reports have also estimated the flexible packaging market in India to grow at a compounded annual growth rate of 15-16% over the next five years. These statistics are giving rise to new prospects for the industry, especially the SMEs in the flexible packaging industry. Given the fast changing dynamics of the industry, there is a need to elevate the knowledge levels of all the value chain participants to international standards through relevant capability building and best practice sharing platforms.

Last modified: September 22, 2015

3 Responses to :
Packaging becomes the 5th P of marketing industry

  1. nitin kapoor says:

    I thoroughly came across this article about packaging. As per my experience with Uflex, they have been the best in providing flexible packaging solutions. Stand up pouches and added spout to the pouches are something unique features being popular in people day by day.

  2. kartik says:

    it is rightly said that packaging has become 5th P of marketing industry. Being a
    common man, I would also consider good packaged products along with its price, product, promotion and place before buying a particular one. Packaging is something that would be more durable and long lasting.

  3. ranjan aggarwal says:

    material used by them for flexible packaging is of excellent quality.

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