date:Jun 08, 2013
worldwide. The packaging industry is expected to grow at 12.3 per cent compound annual growth rate (CAGR) during next four or five years to become the fourth-largest global market, with sales of $42.7 billion.
The per capita consumption of packaging in India is very low compared to global standards (merely 4.3kg per person per annum, as against Germany's 42kg and Taiwan's 20kg). India is following the global growth trends.
According to the ministry of commerce and industry, the break-up of p