Plastic Bag Industry In India

India has a mammoth plastic waste problem and no easy way to dispose of the 9 4 million tons it generates each year.

Plastic bag industry in india. The plastics industry in india also provides plastic materials to several other industries like automotive consumer packaging and electronics. The size of the industry in india is about usd 32 billion which constitutes only 4 per cent of the global packaging industry said the joint report by ficci and tata strategic management group tsmg on plastic industry. Almost half of plastics in india are used for packaging with much of it single use according to the industry. Supreme industries is one of the oldest plastic industries to be commissioned in india with its inauguration being before independence in 1942.

The global plastic bags sacks market value is projected to expand at a cagr of 3 0 during the forecast period 2018 2026. Modi wants to limit the use of single use plastic such as bags cutlery and straws. Fresh from his campaign to provide tens of millions of toilets for india s citizens he s now aiming to limit the consumption of single use plastic bags cups straws disposable cutlery and eliminate its use by 2022. The plastic bags sacks are developed from two type of plastic materials which are biodegradable and non biodegradable.

Prime minister narendra modi wants to fix that. Over the last 5 years the indian plastic industry has grown by 13 annually. Growing at 18 per cent per annum country s plastic packaging industry is expected to reach usd 73 billion in the next four years says a report. The global market for plastic bags sacks was valued at us 19 866 5 million in 2017.

Second even as the indian government s pro growth policy calls for the increased use of plastics plastics are in effect a proxy for economic growth the country s plastics recycling industry.