The Indian packaging[packaging?:DCP-H series packaging sample cutter plotter] industry is expected to reach Rs. 82, 500 crore by 2015 from Rs. 65,000 crore in 2010, owing to factors such as rising packaging consumer demand, fast growing retail sector and new technologies. The packaging industry has adopted various upgraded technologies such as aseptic packaging, retort packaging and biodegradable packaging to enhance the shelf life of food products.
The food and beverage and pharmaceutical segments occupy the largest share in the packaging industry, accounting for 85 per cent and 10 per cent, respectively. The plastic[plastic?:Plastic sample cutting machine] packaging market is expanding rapidly registering a growth of 20-25 per cent per annum and is valued at 6.8 million tonne while the paper[paper?:paper sample maker cutting machine] packaging industry stands at 7.6 million tonne. The packaging industry is poised to grow rapidly led by the increasing use of innovative packaging equipments and the rising flexible packaging market.
