Page 42 - Untitled-1

Article Table 1. Classification of Polymer Packaging Industry classification Type Application Aluminium Foil Direct contact wrapping-chocolate & individual sweets Blister and Strip Pack “Blistered” chilled processed meat and fish/seafood products, beauty & healthcare products Flexible packaging Paper hot drinks etc. Packaging of butter, baby food, dehydrated soups and sauces, Flexible/Aluminium Flexible Aluminium/ Dog & cat food, shampoos, liquid soaps, mouth fresheners Plastic Smoking tobacco, sugar confectionery (such as toffees) and Flexible Paper some cheese products Flexible Plastic Confectionery, bakery products, dry dog and cat food, disposable paper products, frozen food, snacks, pasta and rice High Density Milk containers, shampoo bottles, toilet cleaners etc. Polyethylene (HDPE) Bottles Carbonated drinks, water bottles, juices etc. Rigid Packaging Terephthalate (PET) Made of crystallised PET- used in microwave proof disposable Polyethylene Bottles Ready Meal Trays Speciality cosmetic cutleries Compacts used for eye shadow and powders and lip stick containers mechanisms The major focus of polymer packaging is in FMCG to lead this growth story. Multilayer packaging and (Fast Moving Consumer Goods), healthcare, aseptic packaging are brimming technologies in food & beverages, cosmetics and toiletries. The the field of food packaging. India’s largest flexible growth in plastic packaging in India is mainly packaging company Uflex Pvt. Ltd. will invest driven by food and pharmaceutical packaging. Rs. 550 crores under “Make in India” mission in Investors are finding increased potential in India aseptic packaging proposing to produce around 7 due to increased globalisation and urbanisation. billion packs of liquid drinks such as energy drinks, According to Indian Brand Equity Foundation milk and juices. (IBEF) the Indian food industry which is currently valued at US $ 39.71 is expected to grow at a The Indian pharmaceuticals market increased Compounded Annual Growth Rate (CAGR) of 11 at a CAGR of 17.46 per cent in 2015 from US$ per cent to US$65.4 billion by 2018. Food and 6 billion in 2005 and is expected to expand at a grocery account for around 31 per cent of India’s CAGR of 15.92 per cent to US$ 55 billion by 2020. consumption basket. Looking at staggering statistics The Indian packaging industry will be benefitted by of Indian food industry, the packaging sector is such an impressive growth in the pharmaceutical bound to grow. According to Indian Institute of industry. Packaging of such products is essential Packaging, the size of India's food packaging as it would ensure the safety and prevent the market will increase from present $ 12 billion to $ contamination of the enclosed product. India have 18 billion by 2020. Fruits and vegetables are going varied climatic conditions ranging from extreme 40 Laghu Udyog Samachar