Further, Innovation and technology are the key reasons for the growth and evolution of this sector, thus companies are investing religiously in their R&D to provide the best product packaging that ends up meeting their corporate sustainability goals & cost efficiencies. In this pandemic itself we saw a rise in the E-commerce Sector with people switching to online shopping for almost all essential & non-essential items, thus giving an additional boost to our industry. The rising Middle Class with their increased income levels, the changing lifestyles and the rapid expansion of organized retail have been keyĭrivers of growth of the Packaging Industry in India. Rishi Sabharwal, the Managing Director of Ardour Pack says, “Packaging is an evergreen industry that will be continuously growing and evolving. has emerged as a competent and unique service provider in the commercial packaging segment majorly due to top-notch quality of its products and services and its extremely strong processes. However, manufacturers continue to struggle to meet the varying customer expectations. The Indian packaging industry is fifth highest contributor to its GDP and is expected to grow at a CAGR of 18 percent till 2025. The needs of packaging have diversified with the increasing variance in consumption patterns. Today, the consumer sector is showing tremendous appreciation for newer and authentic products, which is being responded with the increase in number of product launches and the rapid change in the way they are packaged.
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