The hottest plastic consumption in India will soar

2022-08-14
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India's plastic consumption will soar in a straight line. China's plastic machinery industry may meet new development opportunities

release date: Source: China's plastic machinery editor: Yu Jia Views: 1793 copyright and disclaimer

core tip: with the rising per capita consumption of plastic products in India, it is expected that India's plastic consumption will soar in a straight line in the next five years. Due to the huge gap of plastic machinery in India and the extremely vigorous consumption of plastic products, the Indian plastic market will meet unprecedented opportunities

[China Packaging News] with the rising per capita consumption of plastic products in India, it is expected that the consumption of plastic products in India will soar sharply in the next five years. Due to the huge gap of plastic machinery in India and the extremely vigorous consumption of plastic products, the Indian plastic market will meet unprecedented opportunities

China's export of plastic machinery to India has continued to grow

for many years, India has occupied one of the top ten export markets of China's plastic machinery. In 2016, the amount of China's export of plastic machinery to India increased significantly by 43.04%, accounting for 5.25% of the total amount of China's export of plastic machinery in that year, becoming the fourth largest exporter of China's plastic machinery

Table 1 Statistics of China's plastic machine exports to India by product

(unit: 10000 US dollars)

Table 2 year-on-year growth rate of China's plastic machine exports to India

Table 2 shows that since 2014, the amount of China's plastic machine exports to India has maintained a sustained growth year-on-year, and most of the five categories of plastic machine products have increased year-on-year in the past three years, especially the export performance of extruders is extremely bright. India has already become a hot spot for the export of China's plastic machines, which is closely related to India's huge market and strong demand

the Indian plastic market will meet unprecedented opportunities

at the end of 2016, when the report published by Forbes magazine showed that India's total GDP had exceeded that of the UK, Indian media announced with pride, "this is the first time in 150 years that India's economy has surpassed the British suzerain in the colonial period."

India's GDP ranks fifth in the world

according to the times of India on December 20, kiren rijiju, the Minister of state of the Indian Ministry of the interior, tweeted on his personal twitter that day that India has surpassed the UK and become the fifth country in the world in terms of GDP after the United States, China, Japan and Germany. Kiren said that although India's population base is large, it is still a huge progress

previously, CEBR, a British think tank, released data in December 2011, saying that India's GDP would not exceed that of the UK until 2020

"thanks to the rapid economic growth of India in the past 25 years and the depreciation of sterling by nearly 20% in the past 12 months, this milestone has come ahead of schedule." The times of India said that this figure would continue to expand by 2020

in order to create India's development miracle again, the Indian government has launched four campaigns, namely "smart city", "clean India campaign", "affordable housing" and "digital India plan". The Indian government plans to build 100 smart cities, and the proportion of urban population will reach 35% by 2020 (32% in 2014); By 2022, 65million new houses will be built; In terms of transportation, by 2020, the government plans to invest US $150billion in highway and waterway transportation, US $140billion in railway transportation, and develop into the third largest aviation market in the world. Moreover, e-commerce is just emerging in India and will experience rapid development in the future

in terms of national investment, the United States, China, Japan, France, South Korea and the United Arab Emirates have large investments in India. According to the bilateral investment agreement between the United States and India, the United States will invest $42billion in India in the next two to three years. China will invest 20billion US dollars in infrastructure construction in the next five years. Japan will invest 35billion dollars in infrastructure construction in India and 4.5 billion dollars in the construction of Delhi Mumbai industrial corridor. France and South Korea will also invest heavily in infrastructure and smart cities

aipma data shows that at present, there are great regional differences in the consumption of products in the Indian plastic market, including 47% in western India, 23% in northern India, 21% in southern India, and only 9% in eastern India. At present, the per capita consumption of plastics in India is only 11kg, while that in developed countries is 60kg; India plans to reach 30 kg per capita by 2020. At present, India has begun to take many measures, such as establishing plastic industrial parks to promote the development of the plastic industry

with the rising per capita consumption of plastic products in India, it is expected that the consumption of plastic products in India will soar sharply in the next five years. Due to the huge gap of plastic machinery in India and the extremely vigorous consumption of plastic products, the Indian plastic market will meet unprecedented opportunities

in the next few years, Indian packaging, automobiles, household appliances, agriculture 2 If plastic is used when the main shaft bearings rotate and infrastructure construction will continue to promote the development of the plastic industry. In the packaging industry, the consumption of polymers will increase from 5.2 million tons in 2011 to 10million tons in 2020. The main application fields are food processing, fast-moving consumer goods and cosmetics. In the automotive industry, the Indian automotive market is growing rapidly, and automotive lightweight will bring new development opportunities for plastics. At present, the plastic consumption of passenger cars in India is about 70 kg (Note: the average plastic consumption of each car in developed countries such as Japan, the United States and Germany has exceeded 100 kg, accounting for an average of 8% of the total vehicle weight. At present, the average plastic consumption of each car in China is 70 kg, accounting for an average of 6% of the total vehicle weight). In the future, auto graphene is approaching people's life from the laboratory. Light weight, per capita income and the rise of the middle class will promote the Indian automobile industry to learn about the development of the car market at the meeting, and then drive the growth of plastic consumption

the growth rate of Indian household appliances industry is as high as 15%, of which semi-automatic washing machines use the most plastic, about 15 kg. Due to the enhancement of India's purchasing power, the development of rural areas, and the rapid cycle of the life cycle of household appliances, these factors will promote the rapid growth of plastic consumption in India

agricultural plastics is an emerging field in India in recent years. The improvement of farmers' awareness of using agricultural plastics is conducive to increasing plastic consumption, mainly in plastic greenhouses, covering of crops and fruits, drip irrigation, etc. In terms of infrastructure, India's polymer consumption is expected to reach 5million tons by 2020, and construction, highway and rural electrification projects will promote the rapid development of the plastic market. In addition, chairman nanavaty predicted that India's pipeline industry would grow by 4.5 times in the next 10 years, reaching 700billion rupees (about 71.713 billion yuan). Moreover, e-commerce is in the ascendant in India, which will be a positive factor for the rapid development of the Indian plastic market

it is worth noting that Indian enterprises also love the excellent performance and ultra-high cost performance of Chinese products and equipment. In recent years, China's equipment and products have increased year by year. Machine tool exhibitions, auto parts exhibitions and industrial exhibitions held in India have been greatly sought after by Chinese enterprises. Many enterprises need to participate in India several times a year, and even cross industry participation occurs

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