date:Jul 04, 2012
t is growing and the government is also contemplating to permit FDI in multi-brand retail. The growing middle-class population, rising health-consciousness, competition from the West, are all the boosters for packaging and packaging machinery industry in the country. The current value of the market of the world packaging machinery is around $30.9 billion. Top countries producing packaging machinery are Germany (23%), Italy (16%), Japan (11%), USA (10%) and China (6%), according to VDMA estimates