The Indian plastic industry is one of the major contributors to the country’s economy. The exports mainly comprise plastic houseware products, fishnets, medical items, floor coverings, packaging materials, and more. As the demand for plastic and plastic-related products grows globally, it becomes important for Indian suppliers to connect with global buyers. Thus, PLEXCONNECT, an established business networking platform, invites Indian suppliers to participate in an esteemed plastic exhibition to showcase their manufacturing abilities and commitment to quality.
India is looking for emerging markets to tap into its potential for exports in the plastic industry. The following may pose great opportunities:
● United States of America
The American market is a potent market for plastic exports, owing to its vast consumer base and established industrial sectors. If you look at the data, the export of laminates, floor coverings, and leather cloth alone improved by 43.3% in October 2023. Also, constant efforts are being made to penetrate the American markets by reaching out to their retail chains, including Target and Walmart.
● United Kingdom
The redefined trade-related policies of the country have built a huge scope of plastic imports. It is one of the reasons why the UK is among the top plastic houseware and consumer product importing countries from India. Exports of these products from India accounted for a 6.3% increase in exports in October 2023, where the UK was one of the leading importers. Products like fishnets, cordage, and monofilaments also witnessed an export growth of 17.3% in October 2023, when the UK was a crucial importer.
● Africa
As Africa witnesses rapid urbanisation and expansion of its industrial base, many African countries are becoming potential plastic export markets. Indian exporters can capture these markets by offering durable and affordable plastic raw materials. The data suggests that, in October 2023, the export of woven sacks, tarpaulin, woven fabrics, and FIBC, i.e. flexible intermediate bulk containers, to African countries saw a growth of 20.5%. It explains Africa’s potential to be a leading importer of Indian plastic products.
Key Strategies to Boost Plastic Exports
Along with an impactful plastic trade show, India must also implement certain crucial strategies that will simultaneously boost its global plastic exports:
- The plastic industry must adhere to global quality standards
- Penetrate emerging economies and reduce over-dependence on traditional markets
- Promote buyer-seller meetings with worldwide stakeholders
Sponsored by the Ministry of Commerce and Industry, PLEXCONCIL offers market intelligence and facilitates bilateral trade opportunities. It supports beneficial trade policies to make India a leading exporter in the global plastic market. PLEXCONCIL proves to be the voice for the plastic industry in India. It helps bring in more plastic exports by enhancing the participation of Indian exporters at international trade fairs. For more detailed information and to be part of India’s thriving plastic exports, visit https://www.plexconcil.org/plexconnect/ today.
