The packaging industry is growing at a fast pace and is expected to do so in the next 5 years as well. Changing consumer perception, more focus on sustainability and renewable packaging, and the advent of nanotech-enabled smart packaging materials are some of the major factors that would shape the future of this billion dollar industry in the near future. Asia has been expected to be the fastest-growing market with India and China leading the race. Moreover, the ever-increasing competition in the market has enabled the use of packaging as a strategic tool. Big brands are focusing on new and durable materials that are both efficient and unique enough to make the brand product stand out amidst the crowd. Under this scenario, packaging industry is sure to gain in the times ahead.
