By Anthony Clark, Plastics & Rubber Weekly
The consumption of plastics products in India is set to double in the next three years, according to analysts at the 50th annual general meeting of the Indian Plastics Federation (IPF).
According to the organisation, current Indian plastic usage is around 6 kg per annum, per person, compared with the world average of 25 kg. However, increasing urbanisation will boost this figure, principally due to growing demand from the housing, automotive and retail markets.
"Plastic is now being used for housing, automobiles and retail sectors. Almost every product is now packed in plastic packets and the packaging sector is growing fast," said K K Seksaria, IPF president.
India's plastics industry currently produces around six million tonnes a year - a figure that Seksaria predicts will grow by 1.5 million tonnes during the next six months.
The IPF has 850 members nationwide.