The event, which is being organised by Indian Institute of Packaging (IIP, aims to provide an insight into the recent developments in the field of packaging of food, pharmaceutical and consumer products, IIP Director N C Saha told reporters here on Tuesday.
"Growing competition and changing dynamics of presentation of product packs and packaging has even a greater and more contributory role to play,” he said.
"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, Saha explained.
The meet will be inaugurated by Telangana IT Minister K T Rama Rao.
Over 300 delegates, packaging experts and representatives from industries are expected to participate in the meet, he said.
The global annual turnover of packaging industry is estimated at about USD 550 billion wherein Indian share is about USD 24.6 billion, Saha said.
He said the annual growth rate of this sector is about 15 per cent annually and it is expected the annual turnover of Indian Packaging industry will touch USD 32 billion by 2025.
IIP is an apex body of the packaging industries set up under Ministry of Commerce. It will set up a new centre at Guwahati.

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