Food packaging industry poised for substantial growth by 2016
Updated: Mar 12, 2014 01:55:57pm
New Delhi, Mar 12 (KNN) India is likely to be one among the top ten packaging consumers by 2016 with demand set to reach USD 24 billion. Food packaging is expected to be a major growth driver in the near future for polymer consumption as the retail sector flourishes.
This was stated by Plastindia Foundation which is organizing the ninth edition of Plastindia 2015 from February 5-10, 2015 here.
“Packaging accounts for 48 per cent of all commodity polymer consumption and is growing at 15 per cent annually, gargantuan by all standards. Key application areas include multilayer films, BOPP films, shrink and stretch wraps, thin wall moulding, thermoforming and blow moulded containers. Within packaging, food packaging comes a distinct first,” a press release said.
Supported by the Ministry of Chemicals and Fertilizers, the international exhibition will be one of the three largest shows in the plastics industry globally. With strong international participation Plastindia 2015, spread over 125,000 sq. meters of area, will have over 2000 exhibitors from over 40 countries and over 150,000 business visitors.
The Foundation’s main objective is to promote the development and growth of the Indian Plastics Industry. It is dedicated to national progress through plastics.
Commenting on the forthcoming event, President of Plastindia Foundation, Subhash Kadakia said, “The exciting developments of the recent past, ranging from the Wiintech cluster initiative, to the push for TUF’s implementation and the unprecedented show of strength at K 2013 gives me immense confidence in the future of Indian plastics.”
Focusing on the increased use of plastics in the healthy and safe packaging of food, packaging professional, Prabuddha Dasgupta said, "In the current business environment, the key areas of growth are agriculture, retail, food processing, and medicines. However, plastic packaging plays a vital role in ensuring quality products reach the consumer. Plastics are perhaps the most versatile group of materials used in packaging.
“However, in international markets or at duty free shops overseas and in India as well, Indian packaged food is very difficult to find on shelves; the primary reason being, lack of high quality of packaging solutions. With the increased use of technology which has provided high quality and safe plastic for various applications in the Indian food industry, the industry will become more competitive and will gain cost effectiveness,” Dasgupta added.
Meanwhile, Commissioner for Industrial Development and Director of Industries and Commerce - Department of Industries and Commerce - Government of Karnataka, M Maheshwar Rao said, “…India's plastic processing sector is surging. The industry has surplus processing capability to cater to more business and is constantly upgrading itself on technology and automisation front to keep pace with the developed nations. India - the globe's most lucrative business destination is growing bigger by the day. Plastics - as the key material for man's progress today - will be a key beneficiary of this tremendous growth surge.
Rao further added that in line with the policies of the government, the Government of Karnataka is establishing two Plastic parks - one in Bangalore and one in Dharwad.
Elaborating this view, Chairman National Executive Council, Plastindia Foundation, J R Shah said, “With rising demand for innovative solution in food packaging in India, the multibillion plastic packaging industry is scaling new heights. However, in order to become more competitive in global markets, Indian food packaging industry heavily relies on plastic applications in food industry.
“With the main objective of Plastindia Foundation being the promotion, development and growth of the Indian Plastics Industry in India, we have initiated steps to be the driving force for the MSME’s by facilitation, counseling and advising them on the processes and steps to avail of the Technology Upgradation Fund offered by the Government of India," he added. (KNN/ES)
This was stated by Plastindia Foundation which is organizing the ninth edition of Plastindia 2015 from February 5-10, 2015 here.
“Packaging accounts for 48 per cent of all commodity polymer consumption and is growing at 15 per cent annually, gargantuan by all standards. Key application areas include multilayer films, BOPP films, shrink and stretch wraps, thin wall moulding, thermoforming and blow moulded containers. Within packaging, food packaging comes a distinct first,” a press release said.
Supported by the Ministry of Chemicals and Fertilizers, the international exhibition will be one of the three largest shows in the plastics industry globally. With strong international participation Plastindia 2015, spread over 125,000 sq. meters of area, will have over 2000 exhibitors from over 40 countries and over 150,000 business visitors.
The Foundation’s main objective is to promote the development and growth of the Indian Plastics Industry. It is dedicated to national progress through plastics.
Commenting on the forthcoming event, President of Plastindia Foundation, Subhash Kadakia said, “The exciting developments of the recent past, ranging from the Wiintech cluster initiative, to the push for TUF’s implementation and the unprecedented show of strength at K 2013 gives me immense confidence in the future of Indian plastics.”
Focusing on the increased use of plastics in the healthy and safe packaging of food, packaging professional, Prabuddha Dasgupta said, "In the current business environment, the key areas of growth are agriculture, retail, food processing, and medicines. However, plastic packaging plays a vital role in ensuring quality products reach the consumer. Plastics are perhaps the most versatile group of materials used in packaging.
“However, in international markets or at duty free shops overseas and in India as well, Indian packaged food is very difficult to find on shelves; the primary reason being, lack of high quality of packaging solutions. With the increased use of technology which has provided high quality and safe plastic for various applications in the Indian food industry, the industry will become more competitive and will gain cost effectiveness,” Dasgupta added.
Meanwhile, Commissioner for Industrial Development and Director of Industries and Commerce - Department of Industries and Commerce - Government of Karnataka, M Maheshwar Rao said, “…India's plastic processing sector is surging. The industry has surplus processing capability to cater to more business and is constantly upgrading itself on technology and automisation front to keep pace with the developed nations. India - the globe's most lucrative business destination is growing bigger by the day. Plastics - as the key material for man's progress today - will be a key beneficiary of this tremendous growth surge.
Rao further added that in line with the policies of the government, the Government of Karnataka is establishing two Plastic parks - one in Bangalore and one in Dharwad.
Elaborating this view, Chairman National Executive Council, Plastindia Foundation, J R Shah said, “With rising demand for innovative solution in food packaging in India, the multibillion plastic packaging industry is scaling new heights. However, in order to become more competitive in global markets, Indian food packaging industry heavily relies on plastic applications in food industry.
“With the main objective of Plastindia Foundation being the promotion, development and growth of the Indian Plastics Industry in India, we have initiated steps to be the driving force for the MSME’s by facilitation, counseling and advising them on the processes and steps to avail of the Technology Upgradation Fund offered by the Government of India," he added. (KNN/ES)
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