35.4 C
Bangkok
Tuesday, May 14, 2024

‘Growing demand to help Indian food, beverage packaging industry to reach USD 86 bn by 2029’, ET Retail

Representative Image

The Indian food and beverage packaging industry that is growing by 14.8 per cent annually is expected to reach USD 86 billion in 2029, following rapid urbanisation, rising disposable incomes and evolving consumption patterns, All India Food Processors Association said on Saturday.

“Post-Covid-19, the demand for natural food ingredients has surged. FSSAI’s new regulations for nutraceuticals and organic foods are driving growth in the sector. Packaging has evolved from protection to marketing and sustainability. Trends like natural, organic, vegan, and GI-tagged products are reshaping the landscape,” All India Food Processors Association, Western Region, chairman Prabodh Halde said in a statement on the last day of the Food Ingredients (Fi India) and ProPak India.

The organised packaged ingredients market is valued at about Rs…

Read more…

Latest Articles