Everything is done professionally well as you uncover many salient features which just show or enumerate how much care was put into the export of Plastic products to other countries. We understand that plastics are one of the fastest-growing industries in India, professionally experiencing a double-digit growth rate on average.
This popular industry spans the country and hosts more than 2,000 exporters. It adeptly employs about 4 million people and wholly comprises more than 30,000 processing units, 85-90 per cent of which are small and medium-sized enterprises.
The common plastic merchandise exported by India respectively follows as
- Reputed Plastic-moulded extruded goods
- Good Polyester films
- About Soft luggage items
- Several Writing instruments
- Plastic woven sacks and bags
- Polyvinyl chloride (PVC)
- Leather cloth and sheeting
- Modern Packaging
- A lot of Consumer goods
- About Sanitary fittings
- The high number of Electrical accessories
- Laboratory / medical-surgical ware
- Travel ware
With respect to Plexconcil, these plastics formed 2.80 per cent of India’s overall merchandise exports. It is enumerated that India’s plastics exports had a growth of 31.6 per cent at $4.59 billion as against $3.48 billion in the same period. This primarily highlights the faster pace of growth than the overall merchandise export growth from India.
More especially India reported merchandise exports worth $164.04 billion, up 12.5 per cent from $145.75 billion. The rapid growth in India’s plastics export has been adeptly boosted by higher shipment of plastic raw materials, plastic sheets, film, plates, and packaging materials.
It is reported that China, the United States, and the United Arab Emirates continue to be top-3 destinations for India’s plastics familiar products. Mostly these three countries accounted for 27.5 per cent of India’s plastics product exports, by value. They also added new destination countries for plastics export which comprises countries like French Guiana, Guam, Kiribati Republic, Lesotho, Marshall Island, Mayotte, Monaco, Nauru Republic, and United States Virgin Islands.
Mostly in the first half, the trend in plastic exports from India has been very immensely positive with a strong year-on-year growth with topping $800 million. In addition, India’s plastics exports were professionally boosted by higher exports, particularly to North-East Asia, Africa, European Union, South Asia, and North America.
Thereby it is illustrated that the Indian plastics export industry has always provided exclusive beneficial aspects in terms of capacity, infrastructure, and skilled manpower. So among the industry’s major strengths is the key availability of raw materials in the country. Finally, plastic processors do not have to wholly depend on imports since raw materials can be manufactured domestically. So it is a vital advantage as it will only assist towards the growth of the Indian plastic industry. If you are in the plastic industry, then it is a great platform for everyone to showcase their product range and network with industry professionals.
It is seen that the highest demand share of plastics in India was for polyethene at 33 per cent. This was actually followed by polypropylene, which had a demand share of 32 per cent. Also, most of the plastic waste comes from countries like Japan, the United States and Germany, which were the top and biggest net exporters of plastic scrap and waste.
India and the United Kingdom (UK) primarily adopted a Roadmap 2030 to elevate bilateral ties to a comprehensive strategic partnership. PLEXCONCIL is taking numerous initiatives to guarantee that India’s plastics’ exporters seek a greater share of the UK’s annual plastics’ imports of $30-32 billion. More specifically India’s export of value-added plastics to the UK has the immense potential to rapidly grow by $5.6 billion. More importantly, India is exporting plastics valued at around $365.7 million to the UK country.
There are segments namely consumer & houseware, floor coverings, leather cloth and laminates, pipes and fittings and others actually registered over 100 per cent growth in global exports. Moreover, the human hair and related products primarily registered more than 350 per cent growth in exports during other quarter. It is seen others did well comprising writing instruments 74%, rigid packaging & PET performs 52.6%, polyester films 34.7%, and plastics raw materials 16.9%.
It is enumerated that the popular PLEXCONCIL joined hands with the Indo-French Chamber to greatly boost the plastics export to France and Europe. India’s qualitatively exports of value-added plastics to France have the good potential to rapidly grow by nearly $5.6 billion. In addition, the country’s plastics exports to France were around $162 million generally comprising several optical items, quality woven sacks/FIBCs, packaging items, plastic sheets and kinds of films.
More recently the country’s plastic exports are rapidly expected to grow 20-25 % to $ 12 billion in the present fiscal year on account of good beneficial market conditions and much more increasing demand for domestic goods in important destinations such as the countries like the US and Europe. Proudly speaking the products from the Indian plastic industry are primarily exported to over 200 countries around the world with the key trading partners being the United States, European Union, China, UAE, Saudi Arabia, Turkey, Nigeria, Indonesia, Egypt, etc.
Our Success Teams are happy to help you.
We hope to enjoy you reading this blog post. Till you have any queries call our expert teams. Go ahead Schedule your Meeting talk with our experts to consult more.