et to become the second largest economy in the world after China and ahead of the US, India has emerged as a large and potential market for the packaging materials and packaging machinery. The technological advancement and capabilities achieved has also brought the country to the lime light as a preferred and reliable hub.
With twenty percent of the population being below 20 years and sixty four percent below 34 years a very high percentage influence the market and packaged and branded products with special features the packaging industry is set to grow exponentially.
The consistently growing retail sector has become the niche for packaging industry growth. It is estimated that the retail in India will touch Rs.10000 bn by 2010 and the share of the organised retail will be about Rs.810 bn.
The latter's growth rate is placed at 40% CAG. The percentage distribution of the retail is estimated at 2% departmental store, 9% warehouses, 32 percent hyper markets, 33% supermarkets and 23 percent others. These will influence modern supply chin with bar coding, RFID and private labels will also result in increased private labelling as self branding becoming a key for market identification. The resultant demand will be for consumer retail pads, multiuse/family packs, width and depth in product mix and brands, pack forms for best shelf display and correspondingly RTE and RTCs foods. |
