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India plastics sector to hit USD30 bln by 2015

April 27/2012

(plasticsinfomart) -- The plastics industry in India is expected to grow from the current value of USD25 billion to USD30 billion by 2015, according to Catalyst Corporate Finance.

India currently consumes 12.5 million metric tons of plastics per year is expected to become the third largest consumer of polymers in the world after the United States (39 million tons per year) and China (37.5 million tons per year) by the end of this year.

Already one of the fastest growing markets with a growth rate of around 14 percent, the lower level of per capital consumption of 5 kilograms per capita compared to the world average of 26 kilograms per capita means the potential for growth is very high.

Author:Anna Larionova
Tags:PE, PVC, PET.
Category:General News
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