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Flexible packaging demand in India, estimated at almost United states$ v.6 billion in 2017, is expected to abound annually by x% over the side by side 5 years according to a study by PCI Wood Mackenzie. The 'Flexible Packaging Supply Need Study – India' report says the Indian economy has slowed downward in 2017, citing the demonetization of late 2022 and the GST rollout in July 2017. The report says that in low-cal of demonetization and the introduction of GST, the unorganized sector of the Indian economy will struggle to role in its current course and likely grow more than slowly over the adjacent 5 years in comparing to before rates of growth. On the other hand, the study expects the more organized sectors to deliver strong demand growth in the adjacent five years.

Information technology further states that together with the introduction of GST, which is designed to simplify the country's complex and state-wise taxes, regulations for Foreign Direct Investment (FDI) have been eased, which should assist drive demand for flexible packaging in the Indian market. The economy will run into double-digit growth in sectors such every bit meat, poultry, fish, medical and pharmaceuticals that operate mainly in more structured or organized markets. The report expects the government to clamp down on what it calls 'ethnic chewing tobacco' due to the public perceptions of wellness risks and a concomitant turn down in flexible packaging in this segment.

Overall, the PCI Woods Mackenzie study foresees a decline in the unorganized sector's demand for flexible packaging, while information technology sees gains emanating from the regime's back up to the nutrient processing manufacture likewise as improvements in infrastructure and logistics. At the aforementioned time, the report attempts to have cognizance of the changes in the market as it comes to terms with the new GST regime.

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