The consumer packaging markets in India forecast to grow
The consumer packaging sector in India has grown rapidly over the last two decades with significant investments in modern technology, capacity enhancement and the introduction of new products according to “The Consumer Packaging Markets in India: A Five-year forecast to 2017-18” report from the Madras Consultancy Group (consultmcg.com). While the packaging sector in India continues to be highly fragmented with thousands of small converters, there is some evidence of consolidation taking place amongst the medium-sized and larger units. In the recent years, this sector is also attracting the attention of the global packaging players and a few have commenced operations through setting up of wholly owned subsidiaries or JVs while a few others have taken the acquisition route.