Nowadays in India, the plastics field is a very promising industry. It has created many new employment opportunities for the Indian people. At the same time, the per capita consumption of plastic products in India is also growing. This market potential has made many investors interested in this area. The Indian government is also trying to reform the economic system in order to encourage foreign investors and domestic companies to “test the water†in the Indian plastics industry so that the plastics industry will flourish.
Although the overall consumption is still low, from another perspective, as the Indian economy takes off, the plastic-related industries will have great potential for development. India's demand for the plastics industry is further aggravated by economic development. This requires that its economic scale reach a certain level and become a competitive power.
The analysis of the status quo of the development of the plastics processing industry in India At present, the overall turnover of the plastics processing industry in India is about 850 billion roubles. It is expected that by 2012, this value will increase substantially within the expected range.
Plastics processing companies and plastics processing companies are expected to grow from the current 30,000 to more than 40,000, an increase of nearly 33%, which will further stimulate the further growth of job opportunities. At present, all Indian plastics companies employ about 3 million people. According to Luo Baihui, secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association, this figure is expected to rise to about 4 million in 2012 and is more likely to break through in 2015. 7 million.
Ashok Goel, chairman of the Indian Plastics Foundation, said: "India's plastics processing industry needs to further consolidate, reach a certain economic scale, and increase its competitiveness. One of the keys to this goal is to improve modern processing equipment and increase labor. Productivity and increase product exports."
The rapid growth of the plastics industry has not only allowed Indian companies to recruit more employees, but also the number of processing units has begun to climb. From 25,000 in 2010 to 30,000 in 2011, according to this exponential growth, it is expected that the number of processing settings will be as high as 40,000 in the next three years. However, as of now, only more than 10% and 15% of companies can be listed as small and medium-sized scale, and more than 70% are unorganized and non-standard plastics enterprises, which are also called “self-employedâ€.
In India, the plastics industry chain can be divided into two main areas, namely, the upstream polymer industry and downstream polymer-transformed plastic products. Upstream polymer manufacturers import the most advanced technologies from abroad and integrate them in the domestic market to maintain their global competitiveness. The downstream plastic processing industry is composed of highly dispersed small and medium-sized enterprises.
Although the rapid growth of the plastics industry has spanned several milestones, about 20 years, the potential of the Indian plastics industry has not been fully realized. At present, the per capita consumption of plastics in the world is 26 kg, and the average per capita consumption in India is only 5 kg, which is the lowest in the world. However, on the other hand, the low level of per capita consumption represents a huge growth potential for the Indian plastics industry. Because India has the advantage that a developed country does not have, it is a high population. The high concentration of the population means that the plastics industry still maintains a relatively high growth rate, which is also a fundamental point for pushing India's plastics consumption to a new level.
High demand has become a niche point for the development of the Indian plastics industry. Taking into account the speed of development of the Indian plastics industry, these are not far-fetched expectations. In the past two years, the consumption of India's plastics industry has increased by 2.25 million tons. At an average annual growth rate of 15%, India will soon become the third largest consumer of polymers after the United States and China.
According to the Plasticindia Foundation, India's leading plastics association, the plastics production in India will double by 2015, reaching an annual output of 15 million tons from an annual output of 7.5 million tons.
At the same time, the development of the automotive industry has also provided a good opportunity for the development of the plastic market in India. Indian plastics industry experts said that the steady growth of the passenger car industry will promote the growth of plastic consumption. The growth of the passenger bus industry in India has directly boosted the consumption of polypropylene (PP) compounds.
Tata, a well-known Indian car brand, has emerged in India and a large number of middle-class people can afford to buy Cars and become the driving force for the development of the automobile industry. At present, the automotive industry accounts for 5% of India's GDP, and continues to grow rapidly. According to statistics, India produced over 3.7 million vehicles last year and is the world’s seventh-largest producer. If it expands in line with expectations of an increase of 16-18%, this year it will replace Brazil’s position in the world’s sixth largest. It is estimated that by 2016, the automobile industry in India will have doubled its GDP, totaling about US$122 billion.
To achieve the goal of lightweighting, more and more plastics are used in the automotive industry and they are closely related.
The rapid growth of the Indian automotive industry will certainly drive the development of the plastics industry. It is worth noting that Indian automakers such as Tata Motors and Bajaj Auto aiming at lower-grade markets are mass producing low-cost PP plastics. As for plants from Europe such as Volkswagen and BMW, they will use advanced PP materials to produce automobiles to meet their own safety and environmental requirements.
In this regard, India is likely to legislate in the future to regulate the use of advanced and advanced PP in automobile manufacturers for safety. Once this move is implemented, it will certainly increase the cost, and automotive plastics will also have to develop toward higher levels.
Ashok Goel, chairman of the Indian Plastics Foundation, said: "In addition to the growing demand for automobiles, household appliances and consumer goods, India's domestic plastics demand has also been boosted. One of the key growth industries is the packaging industry, especially the shorter shelf life. Food and consumer packaging."
India's packaging industry is still in an early stage of development and its potential is huge. Moreover, many consumer products manufactured in India are still sold in very simple packages. It is worth noting that Indian polymers are mostly processed by extrusion and rarely use injection molding or blow molding. Plastics are mainly used in soft non-elastic packaging, construction, household products, appliances and cables.
The Indian industry is working hard to hope that people can accept plastic products. In the next two decades, the Indian plastics market will usher in unprecedented opportunities. Global plastics demand will reach a new height, and India will not give up this good opportunity. This large exporting country with a plastic export volume of only 1.5% of the global market needs to consolidate and upgrade existing technology, increase production levels, and increase the use of plastics.
A key factor that has plagued the Indian plastics industry is that many people think that plastics are not environmentally friendly. This is mainly because of the lack of understanding of the characteristics of plastics. This is a little-known fact that India has the largest number of plastic equipment in the world, but it has the lowest per capita consumption in the world.
Making plastics more environmentally friendly and allowing the general public to accept plastics is not an easy task. From the macro structure analysis, India's plastic polymer market and plastic processing market can be described as two extremes. The former is highly concentrated in capital, while the latter is dominated by extremely small “self-employed†households. One market is very suitable for development, that is plastic recycling.
Although the Indian economy took off in recent years, it said that plastics recycling must not be ambiguous. According to Luo Baihui, the general secretary of the International Die & Metals and Plastics Industry Suppliers Association, the domestic domestic recycling rate is as high as 60%. It is estimated that there are currently more than 7,000 merchants with an annual turnover of 9.2 billion rupees, providing more than 3.5 million jobs. Among them, for example, in terms of construction, India is predominantly laying roads using waste plastics combined with asphalt, and since 2002 it has been estimated that more than 200 km of roads have been laid with this combination of materials, and all of them are in good condition.
Therefore, what the people in the industry can do is to work together to create opportunities for the growth of the Indian plastics industry, demonstrate the industry’s strong capabilities and advantages, encourage the public to understand plastics, and the advantages that plastic brings to modern life. Per capita consumption of plastics has improved. At the same time, we must increase efforts to encourage plastic exports and promote the growth of the national economy.
According to the Indian official statistics in March this year, the country’s population has exceeded 1.2 billion, which is the second highest in the world, second only to China. The Indian economy is currently maintaining steady growth, and domestic demand for plastics is increasing day by day. Whether it is raw materials or the plastics processing industry, conditions are prosperous for a long time. Although India's per capita plastic consumption is only five kilograms, which is one-fifth (25 kilograms) of the global average, as the Indian economy has rapidly grown with reforms, the plastics industry as the highlight of Indian industry has also reached The takeoff stage.
With the deepening of India’s economic globalization, India is also eager to develop export markets while developing the domestic market. According to calculations by the Indian government, more than 100 plastic processing plants and "plastic parks" will be built here in the next few years. The technology center will meet the increasing demand for technical talents in the plastics industry.
The growing Indian plastics market has become a “dark horse†in the global plastics market.
Although the overall consumption is still low, from another perspective, as the Indian economy takes off, the plastic-related industries will have great potential for development. India's demand for the plastics industry is further aggravated by economic development. This requires that its economic scale reach a certain level and become a competitive power.
The analysis of the status quo of the development of the plastics processing industry in India At present, the overall turnover of the plastics processing industry in India is about 850 billion roubles. It is expected that by 2012, this value will increase substantially within the expected range.
Plastics processing companies and plastics processing companies are expected to grow from the current 30,000 to more than 40,000, an increase of nearly 33%, which will further stimulate the further growth of job opportunities. At present, all Indian plastics companies employ about 3 million people. According to Luo Baihui, secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association, this figure is expected to rise to about 4 million in 2012 and is more likely to break through in 2015. 7 million.
Ashok Goel, chairman of the Indian Plastics Foundation, said: "India's plastics processing industry needs to further consolidate, reach a certain economic scale, and increase its competitiveness. One of the keys to this goal is to improve modern processing equipment and increase labor. Productivity and increase product exports."
The rapid growth of the plastics industry has not only allowed Indian companies to recruit more employees, but also the number of processing units has begun to climb. From 25,000 in 2010 to 30,000 in 2011, according to this exponential growth, it is expected that the number of processing settings will be as high as 40,000 in the next three years. However, as of now, only more than 10% and 15% of companies can be listed as small and medium-sized scale, and more than 70% are unorganized and non-standard plastics enterprises, which are also called “self-employedâ€.
In India, the plastics industry chain can be divided into two main areas, namely, the upstream polymer industry and downstream polymer-transformed plastic products. Upstream polymer manufacturers import the most advanced technologies from abroad and integrate them in the domestic market to maintain their global competitiveness. The downstream plastic processing industry is composed of highly dispersed small and medium-sized enterprises.
Although the rapid growth of the plastics industry has spanned several milestones, about 20 years, the potential of the Indian plastics industry has not been fully realized. At present, the per capita consumption of plastics in the world is 26 kg, and the average per capita consumption in India is only 5 kg, which is the lowest in the world. However, on the other hand, the low level of per capita consumption represents a huge growth potential for the Indian plastics industry. Because India has the advantage that a developed country does not have, it is a high population. The high concentration of the population means that the plastics industry still maintains a relatively high growth rate, which is also a fundamental point for pushing India's plastics consumption to a new level.
High demand has become a niche point for the development of the Indian plastics industry. Taking into account the speed of development of the Indian plastics industry, these are not far-fetched expectations. In the past two years, the consumption of India's plastics industry has increased by 2.25 million tons. At an average annual growth rate of 15%, India will soon become the third largest consumer of polymers after the United States and China.
According to the Plasticindia Foundation, India's leading plastics association, the plastics production in India will double by 2015, reaching an annual output of 15 million tons from an annual output of 7.5 million tons.
At the same time, the development of the automotive industry has also provided a good opportunity for the development of the plastic market in India. Indian plastics industry experts said that the steady growth of the passenger car industry will promote the growth of plastic consumption. The growth of the passenger bus industry in India has directly boosted the consumption of polypropylene (PP) compounds.
Tata, a well-known Indian car brand, has emerged in India and a large number of middle-class people can afford to buy Cars and become the driving force for the development of the automobile industry. At present, the automotive industry accounts for 5% of India's GDP, and continues to grow rapidly. According to statistics, India produced over 3.7 million vehicles last year and is the world’s seventh-largest producer. If it expands in line with expectations of an increase of 16-18%, this year it will replace Brazil’s position in the world’s sixth largest. It is estimated that by 2016, the automobile industry in India will have doubled its GDP, totaling about US$122 billion.
To achieve the goal of lightweighting, more and more plastics are used in the automotive industry and they are closely related.
The rapid growth of the Indian automotive industry will certainly drive the development of the plastics industry. It is worth noting that Indian automakers such as Tata Motors and Bajaj Auto aiming at lower-grade markets are mass producing low-cost PP plastics. As for plants from Europe such as Volkswagen and BMW, they will use advanced PP materials to produce automobiles to meet their own safety and environmental requirements.
In this regard, India is likely to legislate in the future to regulate the use of advanced and advanced PP in automobile manufacturers for safety. Once this move is implemented, it will certainly increase the cost, and automotive plastics will also have to develop toward higher levels.
Ashok Goel, chairman of the Indian Plastics Foundation, said: "In addition to the growing demand for automobiles, household appliances and consumer goods, India's domestic plastics demand has also been boosted. One of the key growth industries is the packaging industry, especially the shorter shelf life. Food and consumer packaging."
India's packaging industry is still in an early stage of development and its potential is huge. Moreover, many consumer products manufactured in India are still sold in very simple packages. It is worth noting that Indian polymers are mostly processed by extrusion and rarely use injection molding or blow molding. Plastics are mainly used in soft non-elastic packaging, construction, household products, appliances and cables.
The Indian industry is working hard to hope that people can accept plastic products. In the next two decades, the Indian plastics market will usher in unprecedented opportunities. Global plastics demand will reach a new height, and India will not give up this good opportunity. This large exporting country with a plastic export volume of only 1.5% of the global market needs to consolidate and upgrade existing technology, increase production levels, and increase the use of plastics.
A key factor that has plagued the Indian plastics industry is that many people think that plastics are not environmentally friendly. This is mainly because of the lack of understanding of the characteristics of plastics. This is a little-known fact that India has the largest number of plastic equipment in the world, but it has the lowest per capita consumption in the world.
Making plastics more environmentally friendly and allowing the general public to accept plastics is not an easy task. From the macro structure analysis, India's plastic polymer market and plastic processing market can be described as two extremes. The former is highly concentrated in capital, while the latter is dominated by extremely small “self-employed†households. One market is very suitable for development, that is plastic recycling.
Although the Indian economy took off in recent years, it said that plastics recycling must not be ambiguous. According to Luo Baihui, the general secretary of the International Die & Metals and Plastics Industry Suppliers Association, the domestic domestic recycling rate is as high as 60%. It is estimated that there are currently more than 7,000 merchants with an annual turnover of 9.2 billion rupees, providing more than 3.5 million jobs. Among them, for example, in terms of construction, India is predominantly laying roads using waste plastics combined with asphalt, and since 2002 it has been estimated that more than 200 km of roads have been laid with this combination of materials, and all of them are in good condition.
Therefore, what the people in the industry can do is to work together to create opportunities for the growth of the Indian plastics industry, demonstrate the industry’s strong capabilities and advantages, encourage the public to understand plastics, and the advantages that plastic brings to modern life. Per capita consumption of plastics has improved. At the same time, we must increase efforts to encourage plastic exports and promote the growth of the national economy.
According to the Indian official statistics in March this year, the country’s population has exceeded 1.2 billion, which is the second highest in the world, second only to China. The Indian economy is currently maintaining steady growth, and domestic demand for plastics is increasing day by day. Whether it is raw materials or the plastics processing industry, conditions are prosperous for a long time. Although India's per capita plastic consumption is only five kilograms, which is one-fifth (25 kilograms) of the global average, as the Indian economy has rapidly grown with reforms, the plastics industry as the highlight of Indian industry has also reached The takeoff stage.
With the deepening of India’s economic globalization, India is also eager to develop export markets while developing the domestic market. According to calculations by the Indian government, more than 100 plastic processing plants and "plastic parks" will be built here in the next few years. The technology center will meet the increasing demand for technical talents in the plastics industry.
The growing Indian plastics market has become a “dark horse†in the global plastics market.
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