Bharat Book Bureau
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All major industries create wealth but if there is one industry that plays a unique role
by way of both creation of wealth through a wide range of manufacturing activities
and also by way of preserving the wealth or value created by other industries, it is
packaging.
Apart from the huge value addition and employment involved in these activities,
packaging has served the Indian economy by helping preservation of the quality and
lengthening the shelf life of innumerable products - ranging from milk and biscuits, to
drugs and medicines, processed and semi-processed foods, fruits and vegetables,
edible oils, electronic goods etc., besides domestic appliances and industrial
machinery and other hardware needing transportation.
The Indian Packaging Industry is growing at more than 11% per annum and is
expected to cross a turnover of $21.59bn by 2015. India stands at the 11th position in
the world packaging industry, which is $550-billion, and with the rising consumer
demand and new technologies, it is expected to grow at 18-20 per cent from the
current 15 per cent. At the expected growth pace Indian Packaging Industry will soon
climb up to the 4th position in the world packaging industry.
SWOT ANALYSIS
Strengths
1. Increasing working population
2. Urbanization
3. Lifestyle
4. Brand enhancement and differentiation
Weakness
1. Inadequate focus on quality control
2. Cost of equipments
3. Cost of packaging
Opportunities
1.Retail Boom
3. FDI in multi brand retailing
4. Low manufacturing costs
5. Rural Marketing
Threats
1. Environmental Issues
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