INDIAN PLASTIC INDUSTRY AT A GLANCE IN 2018 - 2019 Industry Overview
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. 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), etc.
Industry Exports
Plastics export from India stood at US$ 3.47 billion between Apr-Oct 2018. During April-October 2018, plastics export from India stood at US$ 3.47 billion out of which exports of raw plastic material stood at US$ 2.62 billion.
During April-October 2018, the top five importers of Indian plastic products were China (US$ 553.42 million), US (US$ 234.76 million), Italy (US$ 188.31 million), Bangladesh PR (US$ 168.33 million) and UAE (US$ 159.02 million).
Forecast
India is ready to start 18 plastic parks and the Government of India will be investing Rs 40 crore (US$ 6.2 million) to increase the domestic production of plastics.
