Capitalizing on strong market growth
The food and beverage, food processing and packaging industries are showing a robust growth in India and this growth is expected to continue. According to a market report, the food industry is presently valued at US$ 39.71 billion, and is expected to grow at a CAGR of 11% to reach US$ 65.4 billion by 2018. At the same time, India’s packaging industry is also booming with an expected CAGR of 12.3% during the next four to five years, which will make India the fourth largest global market, worth US$ 42.7 billion.
Thomas Schlitt, managing director, Messe Dusseldorf India said, “India is a dynamic market with major potential in packaging and related processes, particularly in packaged food and beverages. To keep up with the developments on the Indian food and beverage market, PackTech India and Drink Technology India would be joined by FoodPex India, which will focus on the processing and packaging of solid foods of all kinds. This newly created trade fair trio will map the thematic areas of packaging and related processes, beverage technology, liquid food as well as food processing and packaging—all under one roof.”
One of the main highlights of the exhibition will be the first ever Packaging Design Innovation Technology (PDIT) conference, to be held on 16 and 17 December 2016. A one-of-a-kind of conference, it will bring together stakeholders from the packaging industry and beyond, including those advocating sustainability in innovation and technology and much more. It will have insights from leading industry experts from General Mills, Marico, PopPack, HP, Debon Herbals, Reliance, Parakh Agro, Hassia Packaging, Esko, Vermeulen Brand Design, Carre Noir, and the Centre of Science and Environment.