Indpack 2014 to lead the way for Indian packaging industry

The 'National Conference on Modern Trends in Consumer Packaging - Challenges and Opportunities’ will also be held at Hotel Shangri-La’s Eros, New Delhi on 17-18 January 2014 as a complementary event to Indpack 2014. A raft of speakers have already been confirmed to address delegates, including R Senguttuvan, chief executive, packaging and printing, ITC; and key figures from companies such as Coca Cola, Uflex, Signode India, DIC, Hindustan Tin Works, etc.

Prof N C Saha, director of the Indian Institute of Packaging, said, "I think awareness was missing in the country especially among the consumer and the manufacturer. This has changed. The retail concept has enabled a boom in the Indian packaging industry.”

Saha added, "Even when there has been an economic slowdown, the packaging industry has not been affected. A major share of packaging is used for food products, which is about 65%, and the remaining 35% percent is for pharmaceuticals and cosmetics. Increase in population will mean increase in packaging, directly or indirectly. Today, packaging is the only sector which is growing at the rate of 13–15% and boasts of an annual turnover of $24.6 billion."

"If the government is stable, then the packaging industry in India has a high growth potential. According to a McKinsey report, the middle-class population in India is bound to grow by 10 times. Since the maximum consumption of food products is by the middle class and hence there will be a definite increase of packaging market," concluded Saha.

The national packaging exhibition is aimed at targeting the local manufacturers. Indpack 2014 will serve as an important platform for companies providing an end-to-end solution to the packaging end users from pharmaceuticals, processed and fresh food industry, chemicals and confectionery, perfume and toiletries, cosmetics, toys, sports good and allied industries.

PrintWeek India will be an official media partner for Indpack.