India's food packaging industry crosses $50 million mark: Study

摘要

CLOCKING a Compounded Annual Growth Rate (CAGR) of around 16%, the packaged food market in India is expected to have crossed the $51.5 million mark in 2015, said a joint study undertaken by the Associated Chambers of Commerce of India (Assocham). "In wake of increasing disposable incomes and a growing number of nuclear families, the share of packaged food in the processed food market is expected to increase marginally to around 29% in 2016 from around 28% in 2015," according to the study that was conducted by Assocham and a market research company, TechSci Research.