The hottest Indian plastic industry 15 grows or be

2022-10-16
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India's plastics industry may grow by 15% or become the world's third largest polymer consumer

recently, bipinshah, vice president of the Indian plastics foundation, said that by 2012, the country's polymer consumption will reach 10million tons, equivalent to 20kg per capita consumption, while at present, Per capita polymer consumption in India is only 7.2kg

India's national economy is growing at a rate of about 9% per year, and the compound annual growth rate (CAGR) of India's plastic industry has reached 15%, with a very considerable growth rate. Luo Baihui, head of the International Association of mold, hardware and plastic industry suppliers, believes that if the growth rate of the plastic industry continues, India will become the world's third largest polymer consumer after the United States and China in 2012

take multiple measures to promote the continuous growth of the plastic industry

the government will launch a series of reform measures to promote the growth of the plastic industry, such as establishing special plastic production and processing industry clusters throughout the country, through the establishment of economic 2 The oil pressure system is seriously leaking oil in SEZs to overcome the bottleneck of infrastructure and create a business environment conducive to business. In addition, India also plans to invest US $36million in the domestic upstream industry of polymers to meet the growing demand of India's plastic processing industry. Driven by a large amount of capital and infrastructure investment, transportation and agricultural demand, the Indian plastic industry will continue to maintain a growth rate of more than 10% in the next few years

in agriculture, India's demand for plastics is expected to exceed 25million tons in 2013. Another area full of development vitality is the packaging industry. At present, the proportion of packaging applications is 35million tons, and by 2020, this figure will increase to 90million tons. In addition, the automotive industry is also a major driving force for plastic growth. At present, it is growing at a rate of more than 18% per year. Industry insiders estimate that this market is worth $8billion, and the world's major automotive manufacturers are already taking action

in order to meet this growing demand, the Indian plastics foundation plans to establish discipline centers in dungara and Gujarat to provide special education and training for practitioners, and develop plastic R & D centers at the same time

upgrading of plastic enterprises to meet global competition

small and medium-sized plastic manufacturers in India are upgrading, striving to gain global competitiveness in the next two or three years and trying to keep up with the pace of large international plastic enterprises

under the shelter of strong domestic demand, the Indian plastic industry has weathered the global economic crisis. Even so, some changes have taken place within the whole industry, which will help Indian plastic suppliers become multinational enterprises with comprehensive capabilities, especially in the extremely flexible trading environment brought about by bilateral and multilateral free trade agreements

the Indian government intervened in a timely manner last year, providing credit support to various industries during the global financial crisis. This has effectively mitigated the adverse effects of the global credit crisis. India's plastics industry has also taken measures to optimize industry resources, improve productivity and improve supply chain management to better face the challenges brought by the economic recession

small Indian processing enterprises owned by the family have begun to operate and integrate. They know that if they do not do so, globalization and the tide of borderless competition will make them obsolete in international trade. In the context of globalization, the business environment is changing rapidly. This forced the Indian plastics industry to get rid of its traditional small and medium-sized enterprise operation nature and gain global competitiveness through the development of economies of scale. To achieve this goal, we must establish a perfect system, adapt to international practices, attract talents, and establish the competitiveness of the whole industry

it is undoubtedly an advantage to have a huge domestic market, but it is not enough to be limited to the domestic market. Indian enterprises must take a long view and aim at the more potential international market

various free trade agreements have greatly benefited many industries in India, including the plastics industry

in terms of technical capabilities, Indian plastic enterprises are ready to meet the global competition. They are catching up in technology and can almost equal their Western counterparts, mainly in the field of machine manufacturing

Indian machinery manufacturers have the ability to cooperate with multinational suppliers to provide lower cost machine production, helping Xiao Jinsong, director of the Institute of raw materials industry of CCID Institute of industry and information technology of the Ministry of industry and information technology, Qin Tefu, former chief expert in the field of wood plastics at the wood Institute of the Chinese Academy of forestry, and Liu Jiafu, Secretary General of the professional committee of wood plastics composites, meet domestic needs. Such cooperation is beneficial to both Indian and Western plastic machinery manufacturers. However, the Indian plastic industry lacks first-class quality production technology. It is necessary for local enterprises to set benchmarks against the top enterprises in the industry and remain at the lowest level of the industrial industry in order to calmly cope with future challenges

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