Indian Packaging Industry ranks 11th in the world and has an annual global turnover of about $550 billion, and India’s share is about $16.5 billion per annum.
Industry is all set to reach $32 billion by 2020. The per-capita consumption of packaged beverages and food in India will increase by 14 percent as demand for processed food is rising due to growing disposable incomes, urbanization, consumer awareness and a young population.
Packaging has an annual global turnover of about $550 billion and India’s share is about $16.5 billion per annum.
The packaging market in India will see next level of growth with the ten fold rise in Indian middle class population and the world's giant multinationals taking rapid strides in India’s food, beverage, health and beauty, and pharmaceuticals sectors.
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