And all the deep

Indian Plastics Industry and Exports

Last Updated: July, 2018

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 percent of which are small and medium-sized enterprises.

  • Export of plastic products from India increased by 17.1 per cent to US$ 8.85 billion in 2017-2018 as compared to US$ 7.56 billion in 2016-17.
  • Exports of plastic raw materials stood at US$ 3.24 billion in 2017-18
  • During 2017-18, major importers of Indian plastic products were US (US$ 1.11 billion), China (US$ 728.31 million), UAE (US$ 440.81 million), Italy (US$ 403.94 million), Germany (US$ 367.02 million), Turkey (US$ 334.18 million), UK (US$ 318.25 million), Bangladesh (US$ 257.14 million) and Nepal (US$ 205.82 million)
  • The Indian plastics industry produces and exports 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, travelware, and others.
  • The Indian plastics industry offers excellent potential in terms of capacity, infrastructure and skilled manpower. It is supported by a large number of polymer producers, and 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 imports. These raw materials, including polypropylene, high-density polyethylene, low-density polyethylene and PVC, are manufactured domestically.

Recent Developments:

India is ready to have 18 plastic parks and Government will be investing Rs 40 crore (US$ 6.2 million) to increase the domestic production of plastics. This will 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 exports. 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.

Total export of plastic products stood at US$ 7.64 billion in FY 2015-16

Source:
Ministry of Commerce

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Plastic

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Total export of plastic products stood at US$ 7.64 billion in FY 2015-16

Source:
Ministry of Commerce

Exports

Indian plastics industry

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