date:Dec 04, 2012
wn to 15-20 per cent per annum.
The rigid packaging industry which comprises drums and containers made of plastic, metal, fibre board and composite material is growing at 13 per cent per annum. Many in the industry have been migrating to plastics of late, including a number of metal drum manufacturers.
The plastic drum market, which is estimated to be worth Rs 5 billion and has six million units, is growing at over 16 per cent. In contrast, the steel drum market estimated to be worth Rs 2 bi