Country’s food packaging market is likely to reach USD 18 billion by 2020 from the present USD 12 billion, Indian Institute of Packaging ( IIP) Director N C Saha said today.
“Size of India’s food packaging market will increase from present USD 12 billion to reach USD 18 billion by 2020. Fruits and vegetables segments are going to lead this growth story,” he said at the national conference ‘Food Packaging and Its Safety Aspects’ here. “At present, the domestic packaging industry is ranked 11th in the world. Food packaging is 55 to 60 per cent of the total packaging industry. The growth therefore is almost by 50 per cent, he added.