India Packaging industry growth gets retail push

Factiva: "RIDING high on the booming retail and fast moving consumer goods ( FMCG) sector, the Indian packaging industry is expected to grow above 18 per cent in the next fiscal.

“ At present the Indian packaging industry is estimated at ` 65,000 crore and is growing at 10 per cent,” Sanjay Bhatia, managing director, Hindustan Tin Works Ltd, a leading can manufacturer, told M AIL T ODAY . “ As the industry is very closely linked to the growth of pharma and food industries, which are doing very well, we expect it to grow above 18 per cent next year,” Bhatia said.

At present, metal packaging holds about eight per cent market share of the total packaging industry. Generally, metal packaging is used in the pharma, food and beverages industries. Growing consumption of beverages and packaged food has given this sector a major boost."