Indian plastics industry to record $27-B turnover by 2014

 The plastic industry in India with its tremendous scope for innovative technological upgrades and rapid growth in demand from other sectors, is projected to achieve turnover of $20.3 billion this year, and further $27 billion by 2015, according to a report by ResearchandMarkets. The report further showed that the Indian plastic processing industry is highly fragmented and comprises 30,000 firms. Barring 10% - 15% of the firms, which can be classified as medium scale operations, all the units operate on a small-scale basis. The report further indicates the trends in the industry which are hinged on plasticulture, emergence of flexible packaging, medicare sector and increasing use of PVC.
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