International PackTech India 2008 -
A must see event for the packaging related industries
Set to become the second largest economy in the world after
China and ahead of the US, India has emerged as a large and potential market for the packaging materials and packaging machinery. The technological advancement and capabilities achieved has also brought the country to the lime light as a preferred and reliable hub.
With twenty percent of the population being below 20 years and sixty four percent below 34 years a very high percentage influence the market and packaged and branded products with special features the packaging industry is set to grow exponentially.
The consistently growing retail sector has become the niche for packaging industry growth. It is estimated that the retail in India will touch Rs.10000 bn by 2010 and the share of the organised retail will be about Rs.810 bn.
The latter's growth rate is placed at 40% CAG. The percentage distribution of the retail is estimated at 2% departmental store, 9% warehouses, 32 percent hyper markets, 33% supermarkets and 23 percent others. These will influence modern supply chin with bar coding, RFID and private labels will also result in increased private labelling as self branding becoming a key for market identification. The resultant demand will be for
consumer retail pads, multiuse/family packs, width and depth in
product mix and brands, pack forms for best shelf display and
correspondingly RTE and RTCs foods.
With the industry poised to grow at an average rate of 12
percent, the flexibles, folding board cartons and labels are in the
forefront with package converting and packaging machines becoming essential requisites. Simultaneously the ancillary machines and equipment demand will also rise.
The market today is a consumer willing to experiment, adapt
new products and experiences and being articulate has aspirational needs and therefore seek solutions by paying a price. They are willing to pay for quality and reliability.
Packaging obviously is the key medium.
The packaging industry has the enviable task to satisfy a 300
million population today which is set double to 600 million by 2010.
A must see event for the packaging related industries
Set to become the second largest economy in the world after
China and ahead of the US, India has emerged as a large and potential market for the packaging materials and packaging machinery. The technological advancement and capabilities achieved has also brought the country to the lime light as a preferred and reliable hub.
With twenty percent of the population being below 20 years and sixty four percent below 34 years a very high percentage influence the market and packaged and branded products with special features the packaging industry is set to grow exponentially.
The consistently growing retail sector has become the niche for packaging industry growth. It is estimated that the retail in India will touch Rs.10000 bn by 2010 and the share of the organised retail will be about Rs.810 bn.
The latter's growth rate is placed at 40% CAG. The percentage distribution of the retail is estimated at 2% departmental store, 9% warehouses, 32 percent hyper markets, 33% supermarkets and 23 percent others. These will influence modern supply chin with bar coding, RFID and private labels will also result in increased private labelling as self branding becoming a key for market identification. The resultant demand will be for
consumer retail pads, multiuse/family packs, width and depth in
product mix and brands, pack forms for best shelf display and
correspondingly RTE and RTCs foods.
With the industry poised to grow at an average rate of 12
percent, the flexibles, folding board cartons and labels are in the
forefront with package converting and packaging machines becoming essential requisites. Simultaneously the ancillary machines and equipment demand will also rise.
The market today is a consumer willing to experiment, adapt
new products and experiences and being articulate has aspirational needs and therefore seek solutions by paying a price. They are willing to pay for quality and reliability.
Packaging obviously is the key medium.
The packaging industry has the enviable task to satisfy a 300
million population today which is set double to 600 million by 2010.
