The per-capita consumption of packaged beverages and food in India is still very low compared to other regions. However, expenditure on these products has doubled in the last five years. Within the next five years it will increase by another 14 per cent annually, as the demand for processed food is rising due to growing disposable incomes, urbanization, and a young population.
Keep an eye on the Indian foodservice industry, too. Currently it’s estimated to be nearly $13.79 billion. But it’s growing at a healthy compound annual growth rate (CAGR) of 17 per cent, which has significant implications for the packaging sector.
