Published On: Fri, Oct 28th, 2011

Packaging meet to discuss challenges before plastics industry

Trends in the Indian packaging industry especially in the food and pharmaceutical sectors will be showcased and challenges before the

plastics industry discussed during the two-day Indpack 2011, the 14th National Packaging Summit, scheduled in Hyderabad from November 25.

More than 250 delegates comprising packaging raw material manufacturers, converts, packaging machinery suppliers and packaging user industries will be participating in the event.

The event is being held against the backdrop of a more than 15 per cent growth in the Indian packaging industry, which is currently pegged at $18.8 billion.
growth rate

“We expect the growth rate to double in the coming two years, with India’s per capita packaging consumption being 6.7 kg in India, as compared to 208 kg in France, 172.5 kg in Japan, 164.9 kg in Germany and 11.5 kg in China,” Mr A.V.P.S. Chakravarthi, Chairman of the Hyderabad chapter of Indian Institute of Packaging, told media persons here.

The primary driver to the growth in the industry will be the surge in the Indian retail market, ranked at the second most attractive emerging market for investments.

The retail market is currently valued at $511 billion and is expected to balloon to $1.3 trillion by 2018.

Among the issues that would be discussed at the meet include packaging as a tool for marketing, secondary packaging, packaged products for consumers’ safety, nano technology in food packaging and anti-counterfeiting devices.

“We will be having 150 exhibitors and expect at least 6,000-7,000 visitors to the event,” Mr Chakravarthi said.

 

Source : www.thehindubusinessline.com