PHARMA PACKAGING IN INDIA: OPPORTUNITIES UNLIMITED
India’s packaging sector is currently the fifth largest sector of country’s economy. It is among the high growth industries in India, developing at 22-25% per annum. Fast-moving consumer goods and pharmaceutical are the major end users of the packaging industry. The growth of the Indian packaging industry is heavily influenced by changing demographics such as growing urbanization and the rising proportion of middle class consumers.
Pharmaceuticals packaging Industry in India is expected to be worth US$ 2.60 billion by end of 2020, finds a new research report launched by NOVONOUS. Indian pharmaceuticals market is expected to grow rapidly driven by the aging and growing population, rising income levels, emerging medical conditions and new diseases. This is directly going to affect pharmaceuticals packaging industry in India.
These factors drive the need for new packaging formats, such as different sizes, materials, and strength. These optimistic changes open up various new opportunities for the industry.
If you are a packaging enthusiast and looking for opportunities to explore the latest technology and happenings in the industry you should plan your visit to PackPlus 2020, happening at Pragati Maidan, New Delhi on 6-9 August 2020