India's plastics packaging industry to hit $73 billion by 2020

In addition, a growing demand from the rural sector and a boom in e-commerce and organized retail are also noted as reasons for the increase in the packaging sector.

Currently, the size of the plastics packaging industry in India is around $32 billion, which makes up only 4% of the global packaging industry, said report. The per capita packaging consumption in India is quite low at 4.3 kg, compared to countries such as Germany and Taiwan, where it is 42 kg and 19 kg, respectively.

India is a growing market for plastics and consumes nearly 12.8 million tonnes of plastics annually against the global consumption of 285 million tonnes per year.