Indian Packaging Industry

The Indian packaging industry is growing at 14-15% annually. This growth rate is expected to double in the nexttwo years.
• According to the Indian Packaging Institute, Indian Packaging industry is USD 14 billion and growing at morethan 15% p.a. These figures indicate towards a change in the industrial and consumer set up.
• The flexible packaging segment is estimated to be growing at over 35 percent annually.
• The industry is comprised of a large number of manufacturers of basic materials, converted packages,machinery and ancillary materials.
• Currently, India is ranked 15th in the world for its paper and paperboard consumption and is expected toimprove its rank in the future.
• Paper is the fastest growing substrate segment with a growth rate of 6-7%.
• The total demand for paper currently is estimated to be around 6 mn tones, of which about 40% is consumedby the packaging industry.

Global market percentages

1. Europe – 30%
2. North America – 28%
3. Latin America – 7%
4. Asia – 27%
5. Other Nations – 8%