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Plastic Industry

Plastic Industry In India

Introduction
The Indian plastics industry made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made, and the industry has grown and diversified rapidly. The industry spans the country and hosts more than 2,000 exporters. It employs about 4 million people and comprises more than 30,000 processing units, 85-90% of which are small and medium-sized enterprises.
  • In FY20, plastic and linoleum export from India stood at US$ 7.55 billion.
  • During April 2019 to January 2020, plastic export stood at US$ 7.045 billion with the highest contribution from plastic raw material at US$ 2.91 billion, plastic sheets, films, and plates at US$ 1.22 billion and packaging materials at US$ 722.47 million.  
  • India exported plastics raw materials worth US$ 813 million in October 2020, and the export during April 2020 to October 2020 was US$ 5.58 billion.
  • India exported plastics worth US$ 237.16 million in January 2021, and the export during April 2020 to January 2021 was US$ 2.76 billion.
  • The total plastic and linoleum export during April 2020 to February 2021 was US$ 6.73 billion and for the month of February 2021, it was US$ 630.94 million.
  • The Indian plastics industry produces and export a wide range of raw materials, plastic-moulded extruded goods, polyester films, moulded/ soft luggage items, writing instruments, plastic woven sacks and bags, polyvinyl chloride (PVC), leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/ medical surgical ware, tarpaulins, laminates, fishnets, travel ware, and others.
  • The Indian plastics industry offer excellent potential in terms of capacity, infrastructure, and skilled manpower. It is supported by many polymer producers, plastic process machinery and mould manufacturers in the country.
  • Among the industry’s major strengths is the availability of raw materials in the country. Thus, plastic processors do not have to depend on import. These raw materials, including polypropylene, high-density polyethylene, low-density polyethylene, and PVC, are manufactured domestically.
Recent Developments
The Department of Chemicals and Petrochemicals has approved 10 Plastic Parks in the country, out of which 6 parks have been given final approval in the below states:
  • Assam (1 nos.)
  • Madhya Pradesh (2 nos.)
  • Odisha (1 nos.)
  • Tamil Nadu (1 nos.)
  • Jharkhand (1 nos.)
The Detailed Project Reports are under evaluation for two Plastic Park in Uttarakhand and Chhattisgarh respectively and proposal for setting up of two new Plastic Parks are under process.
These Plastic Parks will help to achieve environmentally sustainable growth and increase employment.
Plastics Export Promotion Council
The Plastics Export Promotion Council (PLEXCONCIL) is the apex Government body responsible for the promotion of plastic export. PLEXCONCIL members comprise large-/medium-/small-scale manufacturers and exporters. The council supports exporters by participating in international trade fairs, exploring new markets, organising buyer- seller meets both in India and overseas, and engaging in various other promotion and need- based activities.
Source:
Directorate General of Commercial Intelligence and Statistics
Press Information Bureau

 

Source: India Brand Equity Foundation


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