India
continues to be the fastest developing market with the label, web printing and
converting industry growing at a phenomenal average of 24% per annum.
Unprecedented boom in the retail sector in India has further accelerated the
growth of the label industry.
The major customer segments include Food, Pharmaceuticals, Personal Care and
Beverage industry. The Food industry in India is growing at around 22% per
annum followed by the Pharmaceutical industry at around 18% , the Personal Care
industry at around 14% and the Beverage industry at around 10% per annum.
The growth prospects for the label and converting industry in India is
tremendous.
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