Indian Packaging Industry to Touch USD44 Billion

摘要

The sales turnover of Indian packaging industry is likely to touch USD43.7 billion by 2016, according to Indian Institute of Packaging (IIP). "The total turnover of the packaging industry in India at present is USD27.6 billion and expected to grow to around USD43.7 billion by 2016, whereas the global turnover is about USD550 billion", said the Indian Institute of Packaging (IIP) Chairman, S. K. Ray. He said the packaging industry was growing at 12 per cent per annum in India as against the global growth rate of 5 per cent. There are roughly 22,000 packaging companies in the country-from raw material manufacturers to machinery suppliers to ancillary material and nearly 85 per cent of them are MSMEs, Ray said.