Booming Indian Packaging Industry |
One of the most promising industry that is growing by leaps and bound is India`s Packaging industry riding on the wave of e-commerce and organisaed retail. India`s packaging industry has been growing by leaps and bounds and its market size is expected to grow to 72.6 billion dollars, by financial year 2020, majorly, due to rising population and income levels. In 2015, the industry stood at 31.7 billion dollars. The report was part of a study by Assocham and Ernst & Young. It said, that e-commerce and organised retail market is booming and it will enhance the growth of packaging in the years to come. FMCG is one of the fastest growing segments in the retail sector and one of the biggest users of the packaging industry. Pharmaceutical, is another industry which uses packaging.
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