polyMark

The India Story

INDIA, one of the top ten economies in the world has the second largest GDP among emerging economies based on Purchasing Power Parity (PPP). Country is the 4th largest economy in the world by PPP basis and the sheer size of economy has opened up new business opportunities to the world in all walks of business in general and packaging industry in particular.  Packaging industry in India is one of the fast growing industries which has its influence on all industries directly or indirectly.

·         The Indian packaging industry is currently US$ 18.8 billion approx with a growth rate of about 15% per annum. Growth rate is expected to be doubled with in next two years.

·         India's per capita packaging consumption is less than worldwide average which offers mammoth business opportunity to Indian Packaging Industry.

·         The large and fast growing Indian middle class population and the growth of organised retail sector are the catalysts to growth in packaging. The Indian middle class population is above 50 million and is expected to reach 583 million by 2025.

·         The Indian retail market is the 5th largest retail destination globally and has been ranked the second most attractive emerging market for investments. This market is currently valued at US$ 511 billion and is expected to rise to US$ 1.3 trillion by 2018.

·         Packaging of essential products like food, beverage, milk, vegetable, food grains and pharma are the key driving segments because of the huge domestic consumption.

·         Indian packaging machinery market was valued at US$ 300 million in the year 2000. The annual growth rate for the indigenous packaging machinery is maintained at as 11.8%, indicating that large section of the Industry still dependent on Indigenous equipment.