India's packaging sector to take off; challenges looming

摘要

A growing retail ready packaging (RRP) market is earmarked for the Asia Pacific region, attributed to emerging trends such as ease of product replenishment, a progressive organised retail sector and its use as a marketing tool or branding, according to a study by Research and Markets. The UK-headquartered analyst group says that globally, RRP is positioned for a CAGR of 3.57% over the period from 2013-2018. In the region, China and India will top the RRP sales growth over the next five years, growing at annual rates of 9% and 8% respectively, according to Smithers Rapra in its Future of Retail Ready Packaging to 2017 report.