The most exciting is to see that, Indian packaging industry is on an exciting curve in
terms of growth. Research and Markets
announces a CAGR of 9.2% as compared to 6.2% during 2011-2016.
I can observe that, the growth of the Indian packaging industry will be
heavily influenced by changing demographics such as growing urbanization and
the rising proportion of middle class consumers. In effect, these changes drive the need for new packaging formats,
such as different sizes, materials, and strength.
According to Research and Markets, during the period 2016-2021,
the Soft Drinks and Food industries will be the highest packaging market share
gainers (by units) with share growth of 3.4% and 1.3% respectively.
The growing organized retail sector has been a significant driver
of the growth of the Food & Beverage industries, which in turn drives the
growth of Indian packaging industry. In
addition, innovations in the packaging industry, such as the development of
lighter packaging with better barrier properties, add to the growth of
packaging industry. In terms of
packaging material, Glass and Rigid Plastics will be among the major share
gainers, with share growth of 0.7% and 0.6% respectively during 2016-2021,
predicts the firm.
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