Printmann Offset expands in South India with new Hyderabad packaging facility

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Printmann Offset is accelerating its expansion in southern India with a new 150,000-square-foot manufacturing facility in Hyderabad, strengthening its presence in one of the country’s fastest-growing packaging markets.

The Mumbai-based packaging company currently supplies cartons, labels, leaflets and aluminium foil packaging across both primary and secondary packaging segments. The new facility is expected to become operational before the end of the current financial year and forms part of the company’s broader ambition to become a pan-India packaging player.

Hyderabad expansion follows HSOP acquisition

The new facility comes after Printmann’s majority acquisition of Hyderabad Security Printers and Offset Printers (HSOP), the first major step under the company’s “Printmann 2.0 & Beyond” strategy announced in 2024.

Alongside expanding manufacturing capacity, the strategy also focuses on diversification beyond pharmaceutical packaging, including growth in aluminium foil and sustainable packaging solutions.

According to directors Ankit Tanna and Tejas Tanna, the Hyderabad unit will serve customers across Telangana, Andhra Pradesh, Karnataka and Tamil Nadu, helping improve delivery timelines and service coverage across southern India.

“With improving road connectivity, customers within a 600–800 km radius can increasingly be served through overnight logistics,” the company said. Together, the Mumbai and Hyderabad facilities are expected to provide access to nearly half of India’s packaging market.

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Diversification beyond healthcare packaging

Pharmaceutical and healthcare packaging account for around 85 per cent of the company’s revenue, though it plans to expand its presence in food and beverage, FMCG and personal care packaging over the coming years. The company expects these newer segments to contribute 20–25 per cent of total revenue over time while healthcare remains its largest business.

A key part of the diversification strategy is Pakcellence, Printmann’s wholly owned subsidiary focused on sustainable packaging solutions. Through the business, the company has introduced paper-based gable-top packaging as brands increasingly seek alternatives to plastic packaging.

Packaging demand shifts toward sustainability and branding

The company said packaging demand in India is evolving as brands spend more on presentation, consumer engagement and product differentiation.

It noted that e-commerce growth, direct-to-consumer brands and social media marketing have increased the importance of packaging design and functionality, while tightening sustainability regulations are accelerating demand for recyclable and paper-based packaging solutions.

Industry consolidation expected to accelerate

Printmann said consolidation is becoming increasingly important across India’s packaging industry, with larger customers seeking suppliers that can offer scale, consistent quality and broader geographic reach.

The company added that acquisitions provide a faster route to expansion compared with building facilities from scratch, especially when acquiring businesses with established regional customer relationships. Following the integration of HSOP, Printmann said it will continue evaluating acquisition opportunities as part of its long-term growth strategy.

Its longer-term goal is to expand market coverage from around 50 per cent of India currently to 75–80 per cent over the next three to five years, potentially requiring further expansion beyond western and southern India.

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Digital printing and cost pressures remain focus areas

Alongside the Hyderabad expansion, Printmann plans to increase exports from its Mumbai facility and grow revenue from non-pharmaceutical businesses.

The company also said it has been reviewing digital printing technologies over the past 18 months. While it currently operates offset, gravure and flexographic printing systems, management believes digital printing is becoming increasingly relevant because of improvements in colour reproduction, shorter production runs and SKU management. No investment decision has yet been announced.

On geopolitical tensions in the Middle East and rising pressure on oil, logistics and raw material costs, the company said the packaging industry continues to face cost volatility. However, management described the situation as part of a broader business cycle and said inflationary periods often encourage companies to improve efficiency, rethink material choices and strengthen supply chains.

Despite ongoing uncertainty, Printmann said it expects India’s packaging sector to continue growing, supported by rising consumption, increasing packaging usage, stronger sustainability requirements and the continued formalisation of supply chains.