Latest Posts Under: News

Latest in Indian Plastic Exports Industry: 31.6% Growth in FY19

Plastic Exports Industry

Plastics are among the fastest-growing industries in India, experiencing a double-digit growth rate on an average. 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. Some of the common plastic merchandise …

Global Biodegradable Plastics Market Worth $6.12 Billion by 2023

Biodegradable plastics are used for manufacturing bottles, loose-fill, cups, pots, bowls, flexible films, and other products. According to Grand View Research, the global biodegradable plastics market is segmented by: Starch-Based PLA PBS PBAT PHA The global biodegradable plastics is anticipated to reach USD 6.12 billion by 2023 at a CAGR of 15.1%, from USD 3.02 …

Global Plastic Pigments Market to Reach $16.32 Billion By 2025

Global Plastic Pigments Market

Pigments are a cluster of colored chemical compounds that are added to the polymer base to provide a specific type of color to the plastic. They are used to enhance the overall appearance of plastic products. There are two types of pigments namely organic and inorganic. The ones that are organic are hard to dispense …

CAGR of 11% Forecasted for Indian Polypropylene Market by 2030

Polypropylene

One of the most widely used plastics, polypropylene is known for its strength and flexibility. It offers high-resistance to temperature and provides higher tensile strength due to which it is preferred in various applications such as caps, batteries, packaging and automotive components. These are just some of the few factors out of many that make …

India Expected to Witness Polyethylene Demand Growth by 2023

Polyethylene

The application of polyethylene (PE) can be found in various sectors such as automotive, household, packaging, electronic and construction. It is one of the major plastics used in India. Some incredible advantages that polyethylene offer are: Extremely impact resistant Fully Recyclable Weather-resistant Lightweight Corrosion-resistant Let’s look at some of the different types of polyethylene: High-density …

Global Rigid Plastic Packaging Market Predictions for 2021

Global Rigid Plastic Packaging

Rigid plastics are materials that have no elastic deformation but possess perfect plastic deformation. They are self-supporting in nature and cannot be easily squeezed. They are an apt choice for packaging as they are durable, lightweight and cost-effective. Rigid plastics include caps, cups, closures, cosmetic products, trays, and bottles used for various packaging-related applications. The …

Global Molded Plastics Market To Reach $505.30 Billion By 2024!

Molded Plastics

Plastic products are used extensively all around the world. They are cost-effective, lightweight and easy to work with. In molding, the plastic liquid is shaped using a rigid frame called as a mold. A powder or liquid polymer such as polyethylene or polypropylene is then placed into the hollow mold so the polymer can take …

11% CAGR Forecasted for the Indian Masterbatch Market through 2025

CAGR Forecasted

The plastic industry is one of the fastest growing manufacturing sectors in India and the demand of plastics has surged up as a result of increased market penetration in industries such as packaging, agriculture, healthcare, aerospace, electronics, automotive, and consumer goods. Now, addressing a vital component in the plastics industry worldwide, masterbatch consists of pigments …

Indian Plastics Industry Aims for 3% of Global Export Market by 2025

Indian Plastics Industry

Plastics are among the fastest growing industries in India and offers immense potential in terms of capacity, infrastructure and skilled manpower. Ever since its inception in 1957, the plastic industry in India has made significant achievements. Currently, India is ranked among the top five global consumers of polymers and has over 30,000 plastic processing units …

Government Initiatives to Promote the Indian Plastic Industry

Indian Plastic Industry

The Indian plastics industry offers excellent potential in terms of capacity, infrastructure, and skilled manpower. It is supported by a large number of polymer producers, plastic process machinery and mould manufacturers in the country. Emerging as one of the fastest growing global markets with 12% growth rate, the plastic industry is expected to increase from …