India's plastics packaging industry to hit $73 billion by 2020


India’s plastics packaging industry is set to more than double by 2020 reaching $73 billion at an annual rate of 18%, according to a report by The Federation of Indian Chambers of Commerce & Industry and Tata Strategic Management Group. Key factors attributing to this growth are rising population, lifestyle changes and an increase in income.

In addition, a growing demand from the rural sector and a boom in e-commerce and organized retail are also noted as reasons for the increase in the packaging sector.
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