India's plastic packaging industry faces a critical supply crunch as crude oil prices surge following geopolitical tensions in West Asia. Prices for PET resin and polyolefins have skyrocketed 40% to 80% in recent weeks, directly threatening food and beverage manufacturers preparing for peak summer demand. The crisis extends beyond rising costs, as companies stockpile supplies and extend procurement cycles, artificially tightening availability. Industry leaders report that businesses willingly pay premium prices to avoid running out of packaging materials. Dealer hoarding has further exacerbated shortages, creating artificial demand pressures. Food and beverage firms now face near-term margin hits as they navigate this perfect storm of commodity inflation and supply disruption during their busiest season.
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