The plastic industry of India has a big market potentiality and is gradually prospering. This potentiality of the market will surely actuate the entrepreneurs to invest in this industry. Entrepreneurs are trying to provide high quality plastic products, so that it becomes a booming industry. Commodity | 2010-2011 | %Share | 2011-2012(Apr-Dec) | %Share | PLASTIC AND ARTICLES THEREOF. | 1,815,009.43 | 1.588 | 2,010,802.55 | 1.8882 | India's Total Export | 114,292,192.18 | | 106,492,687.15 | |
In Rs Lacs Source: Ministry Of Commerce, India
As figures from the above table we can easy figure out the market in the plastic export. We can easily find the growth in business as our market share is increased from last year and 1.88% for the current year yet. We can see that the value of our export is Rs 2,010,802.55 lacs are for 5 months is quite high the total export Rs 1815009.43 for last year. Commodity | 2010-2011 | %Share | 2011-2012(Apr-Dec) | %Share | PLASTIC AND ARTICLES THEREOF. | 3,447,709.74 | 2.048 | 2,966,066.80 | 1.7401 | India's Total Import | 168,346,695.57 | | 170,452,705.87 | |
In Rs Lacs Source: Ministry Of Commerce, India
The statistics for the import of plastic products is more than what we export so we can also have domestic demand for plastic and article thereof.
History
Indian plastic industry has made significant achievements in the country ever since it made a promising beginning with the start of production of polystyrene in 1957. The industry is growing at a rapid pace and the per capita consumption of plastics in the country has increased several times as