India^s plastic packaging industry to touch $73 billion by fiscal 2020 – Feedback

Growing at 18 per cent per annum, country^s plastic packaging industry is expected to reach USD 73 billion in the next four years, says a report. The size of the industry in India is about USD 32 billion, which constitutes only 4 per cent of the global packaging industry, said the joint report by FICCI and Tata Strategic Management Group ( TSMG) on plastic industry.

The per capita packaging consumption in India is quite low at 4.3 kg, compared to countries like Germany and Taiwan where it is 42 kg and 19 kg, respectively, it added. “In the coming years it is expected to grow at 18 per cent per annum…The overall packaging industry in India has a huge growth potential and is expected to reach USD 73 billion in the year 2020,” the report said.

http://economictimes.indiatimes.com/industry/indl-goods/svs/packaging/indias-plastic-packaging-industry-to-touch-73-billion-by-fiscal-2020-report/articleshow/50638510.cms

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