India's plastic market demand rises greatly, China's plastic machinery industry ushers unprecedented opportunities

In recent years, as India's per capita consumption of plastic products continues to rising, and India has a huge shortage of plastic machines which is unable to produce enough plastic to meet domestic consumer demand. Under such circumstances, India's future plastics market will inevitably have extremely broad development space. And China's plastics machine, which is an important exporter of Indian market, will also usher an unprecedented development opportunity.

Jiangsu Xinrong was founded in 1996. We are a professional manufacturer of plastic pipe extrusion lines. We sold many extrusion lines to India market, such as PE pipe extrusoin line, PE double wall corrugated pipe machine and PVC pipe extrusion line. Since 2012, our sales in the Indian market have increased at an annual rate of approximately 10%.

Indian plastics market demand rises sharply

At present, there is a large regional difference in product consumption in the Indian plastics market. Western India accounts for 47% of the annual consumption, North India accounts for 23% of the annual consumption, and South India accounts for 21% of the annual consumption. Eastern India accounts for only 9% of annual consumption.

As the per capita consumption of plastic products in India continues to rise, it is expected that in the next five years, domestic plastic consumption in India will also rise linearly. Due to the huge shortage of plastic pipe machines in India and the extremely strong consumption of plastic products, the Indian plastic market will usher in a very broad development space.

Much loved by Indian companies, China Plastic Machinery ushers unprecedented opportunities

Table 1  Statistics of China's plastic machinery exports to India, 2013-2016

(Unit: Amount / 10,000 USD     Quantity / Unit)

Table 2  Year-on-year growth rate of China's plastic machinery exports to India, 2014-2016

According to data from the "Forecast and Analysis of China's Plastic Machinery Industry's Production and Sales Demand and Investment Forecast Analysis Report" released by the Foresight Industry Research Institute, with the increasing demand of India's domestic plastic market in recent years, the demand for plastic machines for plastic production lines has also increased significantly. India is always been one of the top ten importers of China's plastic machinery. Under such circumstances, the amount of China's plastic machinery exports to India has also increased significantly. Among them, the value of China's plastic machinery exported to India in 2016 increased by 43.04%, accounting 5.25% of China's total exports of plastic machinery, and India has also become China's fourth largest plastic machinery importer.

With the big prospects of India's domestic plastic market, a large number of capitalists have decided to set up factories in India. And the plastic machine equipment produced in China has been loved by Indian companies for its excellent performance and high cost performance. In recent years, more and more Chinese companies go to India to attend machine tool exhibitions, auto parts exhibitions and industrial exhibitions. Now it is foreseeable that China's plastic machinery industry will welcome unprecedented development opportunities in the future.