The Development in the Indian Polymer Packaging Products has brought in the revolution with more than 60% of the polymers consumed in India being consumed for packaging applications. With the polymer consumption in packaging being at 5.3 Mn Mt in 2011, it is slated to reach 10 Mn Mt by 2020.

The Indian automobile industry has also played a crucial role in the growth of the Indian Plastic Industry. With the growing middle class & rising income levels, the automobile markets are increasing. Plastic also plays a crucial role in the manufacturing process.

The boost in the Indian Packaging sector has also given a facelift to the Indian plastic segment, with the sales turnover of Indian packaging industry is likely to touch USD 43.7 billion by 2016, the plastic segment and the SME’s surely have more scope to grow.

India poised for strong growth; GDP to rise 7.3% in FY15 Growth in India is expected to remain strong and stable in 2015 (at 7.3 percent) and 2016 (7.4 percent). The recessions in Russia and Brazil are projected to give way to low but positive growth in 2016