Sanjay Somani, vice president and managing director, Hindustan National Glass and Industries (HNGIL) expressed a need of upturn for glass packaging while speaking at IIP's national packaging conference in New Delhi.
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"Indian container glass market is estimated to be around USD 1.1 bn and is poised to grow at 13% CAGR driven by increasing urbanisation, low per capita glass consumption and attractive cost economics due to refillable nature of glass," said Somani.
"310.5 bn units of glass packaging was sold through retail in 2012. It has seen 1.6% retail volume growth over 2011-12," said Somani.
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