AllPack 2016

Bosch Packaging Banner VerticalFood EN 744x56

Indian flexible packaging sector to hit US$32bn in 2020

Indian flexible packaging sector to hit US$32bn in 2020, Asia packaging, India packaging, plastic packaging, flexible packaging
The flexible packaging market in India is growing at an annual rate of about 14% and is expected to be a US$32 billion industry in 2020.

Flexible packaging currently accounts for about 24% of India’s consumer packaging market, driven by robust economic growth, more than 350 million people between the ages of 10 and 24 and a growing urban population.

India’s consumption of polyolefins for film and sheet is projected to increase from 2.5 million metric tons in 2014 to 4.2 million tons in 2020, an average annual growth rate of 9.4%. The two fastest growing areas are… For the full story, subscribe to Packaging Business Insight Asia here.

FacebookMySpaceTwitterDiggDeliciousStumbleuponGoogle BookmarksRedditTechnoratiLinkedinRSS FeedPinterest
Pin It