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The packaged food industry is the fifth-largest sector in India, and is witnessing rapid growth. The Indian packaged food industry is worth $39.7 billion and is expected to reach $65.41 billion by 2020. India is the second-largest market for packaged food in Asia, and is just behind the US, China, Brazil and Mexico. It is expected that the consumption of packaged juice in India will rise by a Compound Annual Growth Rate (CAGR) of 20 percent until 2017 up to 1.2 billion litres. There are several factors that are giving impetus to food packaging industry in India - use of packaging material in food service outlets, increasing demand for packaged beverage, rise in disposable income, and rapidly growing middle class.

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