The 
Indian packaging industry is expected to grow at a compounded annual growth rate of 12.3 percent over the next 4 to 5 years, far ahead of the average growth rate in other global markets.
“The packaging industry is expected to grow at CAGR of 12.3 percent during the next 4 to 5 years to become the 4th largest global market, with sales of USD 42.7 billion,” said D Purandeswari, Union Minister of State for Commerce and Industry at the inaugural function of a packaging exhibition.
India was the 6th largest packaging market in the world in 2011 with sales of USD 24.6 billion. “The country’s growth rate would be far higher than the world average growth of 6 percent per annum in the next few years,” Purandeswari stated.
