Channel: Country outlook
Indian packaging industry continuous increasing growth

2015-02-20 | Country outlook

Container glass AGI GLASPAC a wide range of containers for the market’s packaging needs Technical glassware BOROSIL GLASS WORKS laboratory glassware and microwavable kitchenware at its best Flacconage PIRAMAL GLASS responding to all needs in the perfumery and pharmaceutical sectors Pharmaceutical glass SCHOTT KAISHA packaging that lives up to a promise of healthcare

Indian packaging industry continuous increasing growth
The current global market for glass packaging is undergoing changes and growth, with some countries expecting important increases in the next years. One of these countries is India, where the market is currently valued at USD 24.6 billion and is expected to grow to USD 32 billion by 2025.
This dossier provides our readers with a small overview of some of the main players of the Indian hollow glass sector, with this important growth factor in mind.
India is one of the largest markets for packaged food in the world, just behind the US, China, Brazil and Mexico, and the second-largest in Asia. The packaged food industry is the fifth-largest sector in India. But with per capita consumption of 24 kilos per year, the Indian packaged food market is still at an early stage.
With a consumption of 22 billion litres of beverages (alcoholic drinks and soft drinks), India is the fourth-largest sales market in Asia. Soft drinks is the major segment with bottled water being the largest category. The Indian non-alcoholic beverage market was growing at an annual compounded growth rate of 23 per cent between 2010 and 2013, as more people are choosing packaged soft drinks. It is expected that the consumption of juice in India will rise by an annual compounded growth rate of 20 per cent until 2017 up to 1.2 billion litres.
With more than 50 per cent of the population younger than 25 years, increasing disposable incomes, a growing middle class, ongoing urbanisation and changing lifestyles, India...



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Article taken from Glass Machinery Plants & Accessories bi-monthly magazine (6 issues per year)
Year: 2015 number: 1
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