*The nation's increasing focus on food safety and quality is projected to fuel the food processing sector, which will increase demand for packaging.
*The Indian packaging market was estimated to be worth US$ 50.5 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 26.7% to reach US$ 204.81 billion by 2025.
*Paper and paperboard exports from India reached an all-time high of Rs. 13,963 crore (US$ 1.79 billion) in FY21-22, an increase of nearly 80%YoY
*Sustainability leaders like ITC Limited, TNPL, JK Paper Limited, West Coast Paper Mills Limited, Huhtamaki PPL Limited, Emami Paper Mills, and BILT are driving change. From circular economy principles to renewable energy investments, responsible sourcing, and community engagement, these companies exemplify diverse sustainability practices, contributing to a greener future for the industry.
*SIG, a Swiss based packaging company, laid the foundation of first aseptic carton packs in Ahmedabad in 2023 and plan to invent a sum of Rs. 880 crores over the period of 2023-2025.
*FDI inflows in the Paper and Pulp (including paper products) during April 2000 to December 2023 was US$ 1.7 billion.
*As the packaging industry stands as the fifth largest industry in India, the government plans to adopt several initiatives that focus on the sustainability manufacturing methods, minimizing of plastic packaging and adoption of sustainable material for the packaging industry.
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