*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 India 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.
*India continues to lead the global paper market, with domestic consumption of packaging paper and paperboard growing at 8.2% in 2023-24.
*The Council of Scientific and Industrial Research (CSIR) has launched the National Mission on Sustainable Packaging Solutions, aiming for a net-zero future through innovation. Led by CSIR-NIIST, the initiative focuses on developing sustainable materials, recycling methods, and advanced testing facilities to enhance India's packaging sector and address environmental challenges.
*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 March 2024 was US$ 1.71 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.
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
Pradhan Mantri Awas Yojana (PMAY) has been a landmark initiative in India&r...
To enhance the accessibility, quality, and effectiveness of Indian healthca...
Kerala is renowned for its diverse geographical features of stunning beache...