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Indian Plastics Industry Market Report


source:[Gravimetric blender]   release time:2021-03-06 14:31:59




Introduction: Overview of the Plastics Industry in India India is one of the countries with the highest growth rate in the global plastics industry. At present, India's plastic consumption is growing at an annual rate of 16%, which is much higher than China's 10% and the UK's 2.5%. In 2016, India’s impact on plastic products (HS: 39-40)
Overview of the Indian Plastics Industry

India is one of the countries with the highest growth rate of the global plastics industry. At present, India's plastic consumption is growing at an annual rate of 16%, which is much higher than China's 10% and the UK's 2.5%.
 
In 2016, India’s trade with plastic products (HS: 39-40) reached USD 21.90 billion, of which imports reached USD 14.28 billion and exports reached USD 7.62 billion.
 
The per capita plastic consumption in India has increased from 5kg in 2010 and 8kg in 2012 to 15kg in 2015, and plans to increase to 30kg/person by 2020. At present, based on India's population of more than 1.3 billion, only India's domestic plastic consumption has reached 19.50 million tons.
 
Indian Plastics Industry Market Report
 

At present, plastic products in India are mainly used for packaging (24%), agriculture (23%), electronics (16%), home appliances (10%), construction (8%), and transportation (4%). Among them, the consumption of daily-use and agricultural plastic products accounted for the main part.
Indian Plastics Industry Market Report

In the next few years, Indian packaging, automobiles, household appliances, agricultural plastics and infrastructure construction will continue to promote the development of the plastics industry. The use of polymers in the packaging industry is expected to reach 10 million tons in 2020, mainly used in food processing, fast-moving consumer goods, and cosmetics. The rapid development of the Indian automotive market has also moved the market's huge demand for automotive plastic parts; In addition, the growth rate of the Indian household appliance industry is as high as 15%, and the purchase of washing machines and air conditioners, which use more plastics, has also increased significantly. Agricultural plastics are an emerging field in India in recent years. The main directions of use are plastic greenhouses and irrigation.
 
India's imports of plastic processing equipment
 
Indian Plastics Industry Market Report
 
● India is one of the world's major plastic processing markets, and the local demand for plastic processing equipment is huge. In 2016, the import scale of plastic processing equipment was as high as 1.184 billion U.S. dollars.

● "Injection molding machines, pelletizers/extruders, other plastic machines and plastic molds" are the main imported plastic processing equipment in India, with an import scale of at least US$90 million.

● China is India's largest import source country for plastic machinery. In 2016, China's imports from China reached 391 million U.S. dollars, accounting for 33.0% of the market, an increase of 21.1% year-on-year.

● As the world's largest producer of plastic molds, China exported more than US$174 million in plastic molds to India in 2016, accounting for 42.6% of India's total imports.[Gravimetric blender]