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

“Prices have increased sharply, but availability has also become an issue,” said Thimmaiah Napanda, managing director and chief executive officer (CEO) of Alternicq Ltd (formerly Manjushree Technopack Ltd), which supplies companies in the food, beverage, liquor and pharmaceutical sectors. “Businesses are willing to pay more because they can’t afford to run out of packaging.”