India is well recognized Plastic hub in the world because of its low cost production. Cheap labor, easy availability and low cost of raw materials and weak currency are the factors that are driving Plastic Industry. India is one of the largest producer of Plastic in the world and is expected to become 3rd largest plastic manufacturer by 2020. Plastic production began in 1957 with production of polystyrene. As of now, there are more than 2000 exporters of plastic in the country and more than 30,000 manufacturing plants are available, most of which are small or medium sized enterprises. Plastic industry gave job to 4 million people in India.
Plastic industry produces many varieties of plastic in the country ranging from raw materials, laminates, plastic-moulded extruded goods, leather cloth and sheeting, polyester films, moulded/soft luggage items, writing instruments, plastic woven sacks and bags, fishnets, polyvinyl chloride (PVC), packaging, consumer goods, sanitary fittings, tarpaulins, electrical accessories, travel ware, laboratory/medical surgical ware and others.
Most of the raw material is manufactured in the country because of which availability of raw material is easy. Low labor cost also strengthens the market. Most of the plastic is exported from India to USA, UAE, Italy, UK, Belgium, Germany, Singapore, Saudi Arabia, China and Hong Kong. These countries contribute to 94% of Indian plastic exports.
Plastic packaging materials grabbed the highest market share of 27% in 2014 among plastic products by use. Plates, films and sheets secured a market share of 26.5% in the same year followed by household articles at 7%, tubes, pipes, hoses and fittings at 5.1% and self-adhesive tapes, sheets and folls at 4.3%.
The Plastic industry in India is expected to grow at a CAGR of XX.XX% till 2020.
What the report offers
The study elucidates the situation of India and predicts the growth of its Plastic industry. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Plastic Sector of India. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types of Minerals and Metals available in the country.
1. Research Methodology
2. Key Findings of The Study
3. Executive Summary
4. Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness – Porter’s 5 Force Analysis
4.4 Industry Policies
5. Market Dynamics
5.2.1 Rise in demand of smart products
5.2.2 Strong packaging industry
5.2.3 Low production cost
5.3.1 Government interference
5.3.2 Declining product prices
5.4.1 Chemicals manufacturing units
5.4.2 Smart plastic manufacturing
6. India Plastic Market
6.2 Segmentation By Type
7. Investment Analysis
7.1 Recent Mergers And Acquisitions
7.2 Investment Outlook
8. Future of India Plastic Market
9. Competitive Intelligence – Company Profiles
9.1 Supreme Industries
9.2 Astral Poly Tec
9.3 Mayur Uniquoter
9.4 VIP Industries
9.6 Acrysil India
9.7 Prima Plastics
9.8 Tokyo Plast
9.9 Wim Plast