Welcome To India Brand Equity Foundation A Leading Plastic Manufacturers and Exporters in India
An Overview of Plastic Industry in
India
By India Brand Equity Foundation
When Was IntroducedPlasticInIndia?
India started producing phenolics in 1947, but it took a decade to make the first thermoplastics. And plastic production in India reached 170 lack tons in 2018-19. According to India Brand Equity Foundation (IBEF), the country had around 4000 converting units in 2018-19, and the industry size was pegged at Rs. 5.1 lack crore. Over the years, the production of plastic has substantially increased.
A plastic production plant uses crude oil, natural gas, coal, cellulose, and salt to make plastic. Earlier, the raw material was extracted from the earth, but most rawmaterialsweresourcedfromthirdcountries.
• Polymers are small pallets of plastic that manufacturersuse
How Is Plastic Made?
• The crude oilis distilled in refineriestoseparate the lightercomponentslikenaphtha
• The lighter olefin gasses are transformed into a varietyofpolymers
• Pallets are melted, molded, and remolded into plasticproducts
Plastic manufacturers in India employ millions ofworkers.There are thousandsof units, and according to IBEF most of the processing units are small and medium enterprises.
The plastic industry employs over 40 lackworkers
What Is The Structure Of The Plastic Industry In India?
It comprises over 30,000 processing units
Approximately 85-90% of these units are smallandmediumenterprises
The government policy documents highlight the fragmented nature of the industry
According to plastic exporters, the demand for country-made products is growing overseas. The compounded growth rate of the industry during 2010-19 was 3.5% and is expected to reach a CAGR of3.4%by2028.
What Is The Size Of The Plastic Industry In India?
The market size of the industry is expected to growataCAGRof8-10%by2025
The Indian Chemicals and Petrochemical Industry expects investment worth Rs. 8,00,000 crore by 2025
India exported plastic raw materials worth USD 3.6millioninFY21
What Are The Categories Of Plastic Production?
Plastic exports are categorized into two broad groups - Thermoset plastics and Thermoplastics. Thermoset plastics have the property of hardening when cooled. But thermoplastics are used for commodity andengineeringproducts. Thermoset plastics aren’t used for everydayproducts Commodity plastic is used in everyday products In 2018, the per capita consumption of plasticinthecountrywas13.6kg
How Is Industry?HelpingGovernmentThePlastic
The government formed the Plastic Export Promotion Council in 1995, a nonprofit organization to help the industry find new markets and get export orders. The organization has a dedicated secretariat and staff to fulfill its responsibilities. o The organization was established by the Ministry ofCommerceandIndustry o Its prime objective is to present as a reliable supplierofhigh-qualityproducts o It represents all plastic manufacturers and exportsintheworld
ForE-MailWebsiteFormoreinformation:Visitus::https://www.ibef.org/ID:info.brandindia@ibef.organyquerycallus@+911143845501
