Thus IIP has proved that wonders could be achieved with innovative and attractive polymeric materials, he added.6 billion, and is growing at over 15 per cent annually. and that is the usage of plastic in the mode of packaging these products. Flexible packaging was valued at $130 billion in fiscal year 2014, and is estimated to touch the $163 billion-mark by 2017.. This technique of packing has been revolutionised by the great strides made in technology of polyethylene terephthalate, PET in short and its blow moulding process. However, India would be among the top ten players in the rigid plastic space. It has resulted in ;light-weighting; of PET bottles. Thus leading manufacturers of these machines in India have lent a progressive twist to overall productivity with better shelf-life for the packed products.

Interestingly, there is another P that has supplemented these four entities, particularly bottles and jars for commodities like mineral water, aerated drinks, beverages, cooking oil, food items, pharmaceuticals and industrial lubricants etc. The global packaging industry is to be valued at $820 billion in 2016. While global growth is five per cent, India registers 15 per cent and China clocks 18 per cent. These are the product, packaging, pricing, placement and promotion. It was found that PET packing was able to increase the shelf life of numerous products from ten hours to 75 days.In the market driven market economy, there are certain factors - the four Ps which matter the most. It disclosed that the Indian market size for plastic packs is estimated at $15. As for dairy products what one needs are aseptic processing and filling technology which turnkey consultants in a PET plant have evolved. This has been made possible by the developments in injection moulding machine.

As he put it, apart from longer shelf life, PET technology has enabled the consumers to the simplest conveniences like ease of handling a commodity. Currently, India stands at $24. Speaking at this seminar, the Director and Principal Executive Officer of the Indian Institute of Packaging (IIP) noted that a survey on shelf-life was conducted by his institution. Meanwhile, a prominent global market analyst did forecast at the recovery of Europe;s injection moulding sector since the global recession.6 billion and is placed second globally, after China which is worth $28 billion. At a recent seminar held at Bangalore, pail mould an expert observed that the plastic packaging solutions have emerged as one of the most attractive options in dairy packaging innovation. Some of these manufacturers even offer turnkey solutions for the PET processing industry with innovative preform moulds (spelt molds in the US). Seven per cent of the growth is from the rigid pack space.

The backgrounder for the Bangalore seminar had certain interesting statistics. The statistics also mentioned that while the United States is the largest consumer of rigid packaging, it would be soon overtaken by China. In its report, it was estimated that the value of the European plastics injection moulding industry in 2014 was 11 per cent higher than its pre-crisis value despite the volume of polymer processed being about 7 per cent lower than in 2007

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