India Packaging Industry Booming Up
According to FICI-TSMG report, the packaging industry in India was $32 billion and is expected to boom to $73 billion by 2020 with the unprecedented growth of 18 per cent annually. Still, India packaging industry contributes to 4% global share whereas countries like Taiwan and German have double-digit shares.
“The invention of the printing press was one of the most important events in human history.”
Backed through generation and innovation, packaging industry and packing materials have advanced to move beyond transporting and protecting. It has now ended up a tool to talk, transact and hook up with the end consumer. Packaging and packing material or fabric used now without delay impacts the purchaser's notion at the emblem.
It took almost one hundred fifty years for the packing industry to grow to be what it's miles now. Looking lower back to the history of packaging and packing materials, we get to understand the advancements in packaging methods and techniques.
Today plastics has become the material of choice in packaging industry, especially in FMCG, Food and beverages. Versatile properties like lightweight, visual appeal, recycling capabilities making it more acceptable as packaging material.
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The printing industry is seeing vast transformations with new technology & programs imparting cost-powerful and customized solutions. For the foreseeable future, offset and digital will now not best co-exist, but may even supplement each different- with offset taking the medium-to-longer jobs and digital performing on brief-to-medium run lengths. The booming Indian economic system, growing consumerism, entry of worldwide manufacturers inside the united states and establishing of the arena to foreign investors are bound to provide boom opportunities to the industry.