Here are 7 facts about India and its packaging industry that you would enjoy reading.
1. According to the Packaging Industry Association of India (PIAI), the packaging sector is currently the FIFTH largest economic sector of India and is growing at 22% to 25% per year.
2. Packaged food is the fastest-growing segment in the Indian packaging industry. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), the expenditure on packaged foods is increasing (at inflection point), due to an overall increase in per capita income, urbanization, and an increase in the number of working women. This is a positive reflection of Indian economy, but can also indicate an increase in single-use plastic waste.