Packaging sector must for all industries
The estimated market size of the global packaging industry stood at $917 billion in 2019, with expected increase of 10% during the pandemic. Photo: file
Packaging, the fifth largest industry in Pakistan after textile, is the backbone of all industries and the government should elevate its status to a complete industry in order to reap maximum benefits, said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh and Regional Chairman Muhammad Nadeem Qureshi.
The widespread popularity of online businesses and rise in e-commerce has increased the importance and value of the packaging sector, they argued. “It is one of Pakistan’s leading and most creative sectors, and it is working to fulfil the basic requirement of export-oriented and domestic industries,” Sheikh maintained.
Pakistan’s packaging industry is also the second-largest industry in South Asia after India, said the FPCCI president. He added that all packaging material and products such as paper, cardboard, wrapping film, tape, plastics, glass, metal and wood were being manufactured in Pakistan.
A considerable increase in innovations and environment-friendly production has been witnessed over the last few years.
Published in The Express Tribune, September 17th, 2022.
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