The metal packaging industry has a 10% market share in the overall packaging industry, which is mainly concentrated in the MSMEs sector. The industry is providing packaging material & packaging solutions in the form of tin containers, component closures, etc to food, beverages & other household Industry. Metal Industry is fully recyclable, sustainable & environment friendly. Besides, edible products there is a large use of tin plates in SME industries engaged in the manufacturing of lanterns, stationery boxes, mosquito coil holders and so many other day-to-day low-cost utility items.
The industry provides direct and indirect employment to over 100000 people. Owing to the rising population, increasing income levels, changing lifestyles, increased media, and the demand for packaging is growing. Moreover, it is one of the strongest growing sectors in the country. The rapid growth of the market is primarily driven by the pharmaceuticals and foods and beverages industries. Huge investments in the food processing, personal care, and pharmaceuticals end-user industries are creating scope for expansion of the packaging market. The end-user of such product includes food, beverage, healthcare, cosmetics, personal care, and household care, and industrial segment
SME WORLD in an email interaction with Sanjay Bhatia, President Metal Container Manufacturers' Association:
What is the Tin/metal container industry scenario in India vis a vis the world?
This story is from the May 2021 edition of SME World.
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This story is from the May 2021 edition of SME World.
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