Plastindia Foundation presents 9th edition of the Plastics Industry Status Report 2021 – 22

Plastindia-Foundation-presents-9th-edition-of-the-Plastics-Industry-Status-Report-2021---22

Plastindia-Foundation-presents-9th-edition-of-the-Plastics-Industry-Status-Report-2021---22

  • The comprehensive report presents data from various segments of the plastics industry including Polymers, Machinery, Plastic Processing, and Finished Goods
  • Highlights plastics consumption in India has grown 23 percent since 1990 – stood at 20.8 million mt in 2021-22 and is estimated to reach 22 million mt in 2022-23
  • Among the top 10 items to be exported from India, Plastic exports in 2019-2020 were USD 10.00 billion, expected to reach USD 25.00 billion by the year 2025

New Delhi, October 18th, 2022:

Plastindia Foundation, an apex body of the major association, organizations, and institutions connected with plastics, has unveiled the 9th edition of the Plastics Industry Status Report. Giving an overview of the Indian economy, the 3rd largest economy in terms of GDP, the report highlights the significant role that plastics can play in further accelerating economic growth. Among the top 10 items to be exported, India exported USD 10.00 Billion worth of plastics in 2019-20, which is expected to reach USD 25.00 Billion by 2025.

To download the report, click on PLASTIC INDUSTRY STATUS REPORT (plastindia.org)

The detailed report also highlights that the production and consumption of plastics in India have increased many folds in the last 3 decades. In 2021-22 the consumption of plastics was approx. 22 MMT, compared to 0.9 MMT in 1990.The industry gives jobs to over 4 million people and comprises over 35,000 processing units, 80% of which are small and medium-sized enterprises. This sector is predicted to achieve 9.1 lakh crores by 2025.

The plastics industry is committed to sustainable development. 90% rigid plastics, including PET bottle waste and 60% of flexible waste  is being recycled. 6.4 million mt is estimated to be recycled in 2021-22 which is ~60% of plastic Waste Stream.

Shri Jigish Doshi – President, Plastindia Foundation said,“The 9th edition of the Plastics Industry Status Reporthas been put together to offer first-hand information on the Indian plastic industry. The report aims to catalysis growth by empowering each stakeholder with facts and figures. I am confident that this report will act as a beacon for change byhelping createmore employment, fostering innovation, and driving investments that will help the industry work towards sustainable development models.”

Shri Ajay Shah – Chairman, National Executive Council, PLASTINDIA  2023 said, “This report includes various new sections and provides more in-depth data on various sectors ofthe industry, including a brief history of polymers and the benefits that plastics provide to society. The report enumerates the strengths of India and the various government initiatives and programs that would drive the polymer industry in the future while showcasing the country to the world as a land of potential opportunities. The data provided in the report will surely be useful for the entire value chain of the plastic industry – from raw material and additive producers, processors, machinery manufacturers, recyclers, andconsumers, guiding them in their growth plans.

 Plastindia Foundation is organizing PLASTINDIA 2023, the 11th edition of the international plastics exhibition, conference & convention, from 01st to 05th February 2023, at the newly revamped Pragati Maidan in New Delhi. PLASTINDIA 2023 will focus on innovation, sustainability, and growth, facilitating modern techniques that will help to maintain a cleaner environment and lead to sustainable economic growth. To register click on: https://plastindiaexhibition.plastindia.org/

For many years now, plastic has played an important role in industries as diverse as Agriculture, Healthcare, Packaging, Construction, Electronics, Transportation, and Machinery. Plastic’s popularity is often attributed to its remarkable properties like lightweight, durability, chemically stable, and capability of being molded into a spread of shapes and sizes.

 

About Plastindia Foundation

 Established in 1987, PLASTINDIA FOUNDATION is the apex body of the major association, organizations, and institutions connected with Plastics focused to promote the development of the plastics industry and assist in the growth of Plastics and related materials. The Foundation is committed to the nation’s growth through the development of the Plastics sector. The aim of the Foundation is to facilitate the export-led growth of the Indian Plastics industry and help boost exports both in volume and revenues. It aims to make India the number one destination and the preferred sourcing base of Plastics products in the world.

 

For media queries, please contact:

Sumana / Puja

Candour Communications

Mob: +91 9810597176/ +91 9654850909

E-mail:  sumana@candour.co.in/puja@candour.co.on

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