Hyderabad March 20 (IANS) The Indian packaging market is expected to reach $32 billion by 2020 said N.C Saha Director Indian Institute of Packaging (IIP).
The Indian packaging industry constitutes about 4 per cent of the global packaging industry. The per capita packaging consumption in India is quite low at 8.7 kg compared to countries like Germany and Taiwan where it is 42 kg and 19 kg respectively Saha told reporters here on Monday.
However organised retail and boom in e-commerce which offer huge potential for future growth of retailing is giving a boost to the packaging sector.
Saha announced that IIP an autonomous body under the Ministry of Commerce and Industry will organise a two-day conference on Inno vision in packaging here on March 23-24.
He said the objective of the conference was to update on the worldwide innovations in packaging and to discuss improving standards in packaging materials technologies techniques and packaging machines.
The two-day meet will be attended by over 300 delegates including some from countries like the US Britain Germany and Switzerland.
IIP is planning to expand its operations. Three centres in Bengaluru Guwahati and Kakinada in Andhra Pradesh will be fully functional in next one to two years.
--IANS
ms/lok/vt
Indian packaging market expected to reach $32 billion by 2020
