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Plastics have revolutionized our lives, creeping into every nook and corner of our homes and offices. However, India’s per capita consumption of plastics is still 6 kg compared to 25 kg in developed countries. Consumer plastics mainly comprise polymers such as polypropylene, high and low density polyethylene, and vinyl chloride. Broadly plastics can be classified into two types namely Thermosetting and Thermoplastic. The type of plastics includes HDPE, LDPE, PVC, PP, PS, PETE and vinyl plastics, to name a few.
The plastics industry is highly fragmented. There are about 22,000 plastic processing units, of which three-fourth are in the small –scale sector, which also accounts for a quarter of the total polymer consumption. About 30 per cent of the total polymer consumption accounts for recycled plastic. Plastics have a high volume –to-weight ratio, which makes their collection and transport a major cost factor.
The Indian plastics industry has been growing at a phenomenal rate of 15 per cent over the years. Thus its potential is being utilized properly. The boost in the plastics industry is due to the rapid growth of segments like electronics, packaging, healthcare, consumer durables and telecommunication sectors.Annually around six million tonnes of plastic is produced in the country, with the plastic packaging sector growing fastest.
Reliance Industries Ltd., Gas Authority of India and petrochemicals are major producers of polymers in India. RIL, Asia’s largest manufacturer of polypropylene with a combined capacity of over one million tonnes, holds 70 per cent market share.
India will be the third largest plastics consumer after the US and China by 2010 at over 12 million.Plastic goods consumption is expected to double in the next three years. Experts have predicted that India’s market for finished plastic goods will reach $300 billion by 2012, while exports are expected to reach a level of $200 billion in the same period. India ranks highest in recycling of plastics with 60 per cent of plastic recycled compared with a world average of 20 per cent. Experts have estimated thatthe basic demand for plastic would be boosted over the next years by the housing, automobile and retail sectors.
Please choose a project below related to this category.
Plastic moulding is the process of shaping plastic using a rigid frame or mould. This frame is known as Plastic Mould. The technique allows for the cr...
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Rate of Return (ROR): 1.00 |
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Polyester film is obtained by the extrusion of polyethylene terephthalate. These films when stretched in a single direction along with appropriate pro...
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Rate of Return (ROR): 1.00 |
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Bio Propylene Production Business. Bio-Based Poly Propylene (PP) Manufacturing Plant Propylene, has never been naturally directly produced by mic...
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Rate of Return (ROR): 1.00 |
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PVC material is difficult to ignite and self-extinguishing (when flame removed) property/characteristic make it important thermoplastic.PVC Conduit pi...
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Capacity : PVC Conduit Pipes: 10MT/Day |
Plant and Machinery cost: Rs. 103 lakhs |
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Working Capital : - |
Rate of Return (ROR): 26.00 |
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Break Even Point (BEP): 35.00 |
TCI : Cost of Project: Rs1300 lakhs |
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Cost of Project : 1300000 |
The upvc profile is basically an extruded section of a mixture of pvc with certain additives to make it suitable for making upvc windows and doors. So...
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Capacity : 8.3 MT/Day |
Plant and Machinery cost: 151 lakhs |
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Working Capital : - |
Rate of Return (ROR): 26.00 |
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Break Even Point (BEP): 58.00 |
TCI : Cost of Project: Rs 681 lakhs |
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Cost of Project : 68100000 |
Profitable Project Investment Opportunity in Production of Polyanionic Cellulose (PAC) The market is expected to expand at 3.52% CAGR over the period...
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Rate of Return (ROR): 1.00 |
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Plastic frames are affordable and come in a variety of styles and colors. Like metal frames, there are numerous types of plastics; whichever one works...
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Rate of Return (ROR): 1.00 |
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These tapes are used in electrical insulation purpose, in packaging, sealing and a various other general uses. These tapes are also used for general l...
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Rate of Return (ROR): 1.00 |
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Cigarette lighters of the type using liquified gas such as butane for fuel, and more particularly to a lighter which may be thrown away after the, ini...
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Rate of Return (ROR): 1.00 |
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Polyester ropes are almost as strong as nylon when dry. Polyester retains its strength when wet, and thus polyester ropes are generally stronger than...
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Rate of Return (ROR): 1.00 |
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The function of an air cooler is similar to that of an evaporator. An air cooler is a heat exchanger used to cool and/or dehumidify the air. Brine (wa...
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Rate of Return (ROR): 1.00 |
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Corrugated plastic Sheets are extruded twin-wall profile with two flat top and bottom layers connected by vertical ribs. It is made of high impact pol...
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Rate of Return (ROR): 1.00 |
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