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Industry

INDIA, one of the top ten economies in the world has the second largest GDP among emerging economies based on Purchasing Power Parity (PPP).The Country is 4th largest economy in the world by PPP basis and the sheer size of economy has opened up new business opportunities to the world in all walks of business in general and packaging industry in particular. Packaging industry in India is one of the fast growing industries which has its influence on all industries directly or indirectly.

 :- The Indian packaging industry is currently $ 18.8 billion with a growth rate of above 15% per annum. Growth rate is expected to be doubled with in coming two years

 :- India's per capita packaging consumption is less than worldwide average which offers massive business opportunities to Indian Packaging lndustry.

 :- The large and fast growing Indian middle class population and the growth of organized retail sector are the catalysts to growth in packaging. The Indian middle class population is above 50 million and is expected to reach 583 million by 2025. (Source: McKinsey Report)

 :- The Indian retail market is the 5th largest retail destination globally and has been ranked the second most attractive emerging market for investments. This market is currently valued at US$ 511 billion and is expected to rise to US$ 1.3 trillion by 2018. (Source:www.ibef.org)

 :- Packaging of essential products like food, beverage, milk, vegetable, food grains and pharma are the key driving segments because of the huge domestic consumption.

 :- India's imports at 20-25% with a value of $ 125 million of its total packing machinery indicate further opportunities not only for Indian companies to increase their share in domestic market but also for International companies to explore new business opportunities in India.