Team Blitz India
NEW DELHI: The Indian food and beverage packaging industry is estimated to reach $86 billion by 2029, the All India Food Processors Association (AIFPA) said on August 21. The AIFPA noted that the industry is currently growing at a rate of 14.8 per cent annually on account of rapid urbanisation, an increase in disposable incomes and growing consumption patterns.
Speaking at the Food Ingredients (Fi India), the AIFPA’s western region chairman Prabodh Halde said, “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.”
He said that packaging had evolved from protection to marketing and sustainability. “Trends like natural, organic, vegan, and GI-tagged products are reshaping the landscape,” he added .
