Is Ban on Plastic Stimulating Retail Market's Early Doom?

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Retail Industry is one of the most dynamic industries in India. The increased presence of multinational companies in the Indian retail market has boosted the demand in spaces such as F&B, consumers’ products, cosmetics etc. Retail packaging offers various advantages, in terms of labour costs, stock handling, and product visibility, over traditional retail packaging.

It has experienced high growth over the past years, with a gradual shift towards modern retailing formats. Rising income levels are also boosting the growth of organised retail, therefore increasing the demand for innovative and attractive packaging concepts.

Food & Beverages

Food & Beverages are one of the key growing segments in the retail sector. It falls amongst the biggest end users of packaging. Growth in F&B sector will drive the packaging demand as it ensures food safety, quality and long shelf life.

F&B sector has also been exempted from the plastic ban in Maharashtra. “Plastic ban has been lifted for only food packaging as there is not much option available.” said, Maharashtra Environment Minister Ramdas Kadam.

Since packaged food is the fastest growing segment, it is expected to fuel the demand for plastic packaging in…