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THE PHARMA REVIEW (SEPTEMBER OCTOBER 2012)

Packaging Industry – A Overview

Frost & Sullivan

Introduction:
 
Packaging Industry in India is gaining momentum thanks to strong growth in end-user sectors like fast moving consumer goods, pharmaceuticals, liquor, and healthcare. The rapid growth in consumer goods and organized retailing, coupled with greater emphasis on lifestyle trends are emerging as the key drivers for the packaging industry. The Indian packaging industry is currently pegged at US $13 billion (bn) and is growing at more than 11 percent per annum. India is the 11th largest market for the global packaging industry, which is currently estimated to be around US $550 bn.
High Growth Segments
Growth in organized retail – Hypermarkets, Supermarkets, Cash and Carry formats is leading to a rapid increase in Flexible packaging in processed food & and grocery.
Tetra Pack market in India is also increasing with rising focus on health and wellness related beverage segments.
While more than 75 percent of the packaging in India is still ‘Rigid Packaging’, the convenience and cost advantage offered by flexible packaging is now being seen as a profitable option by leading FMCG companies. However, plastic, which was the most commonly used substrate in flexible packaging was banned for use by the Government earlier this year.

 

 

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