ndia’s packaging industry is growing constantly average annual growth rate is about13-15%

Container Glass Segment Container glass plays a critical role in the packaging industry. Sectors using container glass include liquor and beer segment, food and beverages, the pharma industry as well as the cosmetics industry and perfumeries. Growth in per capita income, changing lifestyle patterns and focus on health awareness are some of the key drivers of this product segment.
Increasing competition, necessity for labelling of quality, quantity and price of goods according to government approved norms and preferences for packaged goods are some of the factors that have resulted in innovation and introduction of technology in the packaging market.According to TechNavio, the global container and packaging giant, the market is expected to grow at a CAGR of 6.87% over the period 2014-19. India’s packaging industry is growing constantly and the total worth is about US$ 8.7 billion. The average annual growth rate is about13-15%.