Packaging summit from Nov 6

A two-day national summit on ‘Packaging Tomorrow’ will be held in the city from tomorrow. The meet will be inaugurated by Telangana IT Minister KT Rama Rao.

The event, which is being organised by the Indian Institute of Packaging (IIP), aims to provide an insight into the recent developments in the field of packaging food, pharmaceutical and consumer products.

The global annual turnover of packaging industry is estimated at about $550 billion, wherein India’s share is about $24.6 billion. The annual growth rate of this sector is about 15 per cent and it is expected that the annual turnover of Indian packaging industry will touch $32 billion by 2025.

“Growing competition and changing dynamics of presentation of product packs and packaging have even a greater and more contributory role to play. The packaging industry has risen to the occasion to provide enhanced functionality, design, style and safety leading to development of newer functional materials, processes, machinery and systems.

The summit is being organised in this background,’’ IIP director NC Saha said. Over 300 delegates, including packaging experts and representatives from industries, are expected to participate in the summit.