India is one of the most promising exporters of plastics among developing countries. The Indian plastics industry produces and exports a wide range of raw materials and finished products.
In 2013, exports of Indian plastics stood at US$ 7.19 billion, registering a growth of approximately 47 per cent over the previous year. Indian plastics exports have grown at a rate of 19.9 per cent since 2007-08.
Products from the Indian plastics industry are exported to more than 150 countries with the major trading partners being China, the US, the UAE, Turkey, Italy, the UK, Indonesia, Germany, Vietnam, Bangladesh, Nigeria, Pakistan, South Africa, Brazil, Singapore, Saudi Arabia, Nepal, Egypt, Sri Lanka and the Netherlands.
With per capita consumption of plastics expected to grow rapidly to 20 kgs by 2020 from the current 8 kgs, the processing industry is looking at growth to cater to the increasing demand from across India.