- In FY 2020, the plastics export in India stood at USD045 billion with the highest contribution from plastic raw materials at USD 2.91 billion: Mahendrabhai Patel, President of Plastics Machinery Manufacturers Association of India (PMMAI) and Chairman of Mamata Group.
NE BUSINESS BUREAU
AHMEDABAD, APRIL 16
After six successful editions, PLASTASIA 2022 will return for its 7th edition as the leading Plastics Exhibition. The exhibition is scheduled to take place at Pragati Maidan, New Delhi from April 20-13, 2022, say the organisers.
Organised by Triune Exhibitors Pvt Ltd in association with the Plastics Machinery Manufacturers Association of India (PMMAI), the 7th PLASTASIA 2022 Exhibition will be the podium to compare the best in the world to the best in India. The show will constitute an ideal platform not just for maximum exposure of cutting-edge products and services to key plastics machinery manufacturers, raw materials, associated industries and petrochemical sector players and top decision-makers; but also, for the kind of high-powered face to face business meetings and contacts that will take an organisation forward in leaps and strides
This event will help by providing a common platform to machinery manufacturers, raw material producers, other associated industries, users and consultants to review the latest advances and futuristic trends, share operational experiences and discuss the requirements for smart systems.
Over the last 20 years, Plastasia Exhibitions have built a reputation as an ideal place to discover the latest innovations in plastics, witness live demonstrations, share ideas and most importantly, secure orders said Cyril Pereira, Managing Director of Triune Exhibitors.
The Indian plastics industry has been developing fast with market growth and diversification in recent years. Latest market reports indicate that the industry is likely to see increasing demands in the post-pandemic era. According to the Directorate General of Commercial Intelligence and Statistics (DGCIS) of India, the Indian plastics industry hosts more than 2,000 exporters.
In FY 2020, the plastics export in India stood at USD 7.045 billion with the highest contribution from plastic raw materials at USD 2.91 billion, followed by plastic sheets, films and plates at USD 1.22 billion, and packaging materials at USD 722.47 million said Mahendrabhai Patel, President of Plastics Machinery Manufacturers Association of India (PMMAI) and Chairman of Mamata Group.
Meanwhile, there are around 50,000 plastic processing units of which 85-90% are small and medium-sized enterprises, over 7000 recycling units and numerous end-users, which ensure an effective industry chain in the country. These enterprises employ more than 4 million people.
Demand for plastics expected to increase
The Indian plastics industry produces a wide array of plastics, including polypropylene (PP), polyethene terephthalate (PET), polyvinyl chloride (PVC) and more. PP is the most produced polyolefin across India. Ginu Joseph, CEO of Modern Plastics Global Network and Vice President of German Indian Plastics and Polymers e.V. stated that the PP demand in India grew at a CAGR of around 8.51% during 2015-2019 and is expected to achieve a healthy growth rate in 2022 – 2030.
