International Expo India: P4 provides technology for latest packaging solutions

| Editor: Susanne Hertenberger

The $17 billion Packaging Industry of India constitutes around 4% of world’s Packaging Industry. Over the last 5 years, the industry has seen a 15% annual growth and the development of packaging machinery is on an upward trend. Both primary and secondary packaging has tremendously grown over the past few years.

Mr Ginu Joseph, Vice President – Global, German Indian Plastics and Polymers (GIPP) e V
Mr Ginu Joseph, Vice President – Global, German Indian Plastics and Polymers (GIPP) e V
(Source: www.gippev.org / www.p4plasticsexpo.com)

The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP). The Two Wheelers segment with 81 per cent market share is the leader of the Indian Automobile market owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. The overall Passenger Vehicle (PV) segment has 13 per cent market share.

The Indian automotive market is estimated to grow at around 10-15 per cent to reach US$ 16.5 billion by 2021 from around US$ 7 billion in 2016. It has the potential to generate up to US$ 300 billion in annual revenue by 2026, create 65 million additional jobs and contribute over 12 per cent to India’s Gross Domestic Product

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The Indian automobile industry has a prominent future in India. Apart from meeting the advancing domestic demands, it is penetrating the international market too. Favored with various benefits such as globally competitive auto-ancillary industry; production of steel at lowest cost; inexpensive and high skill manpower; entrenched testing and R & D centers etc., the industry provide immense investment and employment opportunities.

When we compare the automotive and packaging sector in Germany and India, we are yet to grow a lot, and need to focus on exchanging technology to improve our exports and get the best technology to develop the excellent product quality said Mr Ginu Joseph, Vice President – Global, German Indian Plastics and Polymers (GIPP) e V, he further added “We are supporting P4 Plastics Show, offering up to 50% subsidy to promote Indian and German Technology globally. GIPPeV will support exhibitors to expand their activities to European Sector. As Germany is the global leader in providing technology, we will make sure that we get more participation in a subsidized rate for upcoming shows”

The $17 billion Packaging Industry of India constitutes around 4% of world’s Packaging Industry. Over the last 5 years, the industry has seen a 15% annual growth and the development of packaging machinery is on an upward trend. Both primary and secondary packaging has tremendously grown over the past few years.

Increase in demand and the growing usage of packaging material in the food and beverages sector and expanding working population has given momentum to food Packaging Industry in India. The Indian plastic packaging market is worth $7 billion of which 63% accounts for the plastic food packaging itself. The multi-layer plastic food packaging is currently estimated at about $1 billion, which is about 22% of India’s total plastic food Packaging Industry.

The sterile medical packaging market has been growing in accordance with factors such as growing aging population, growing demand from healthcare sector, and the popularity of reliable and safe packaging techniques.

Mr Jeen Joshua, CEO, Verifair India Pvt Ltd said “P4 Plastics show is going to be a grand success as we were able to rope in Mr Ginu Joseph, Vice President- Global, German Indian Plastics and Polymers (GIPP e V ) and Editor in chief of Modern Plastics India”.

Another reason for resurgent P4 Plastics Expo to gain ground is because plastic imports into the country are on a drastic decline. According to the latest available data, imports of Plastic and Articles in India has decreased to USD 1970.59 million in 2016 from USD 6008.09 million in 2015. The decline in percentage is a whopping 60%.

Plastic recycling is growing in India and the market is huge. With growing concern for environment, the market for biodegradable plastics is expected to increase in future, thus leading to rise in demand for biodegradable master batches – a key additive that is added to plastics to help it decompose in environment.

While on the one hand, the industry is gearing up for growth that will keep up with the projections made for 2020, the rebranded New Delhi Plastic Expo/ P4 Plastics Expo 2017 is opening up its broad platform for the stakeholders. The capital city is by and large becoming the new hub of Plastic Industry with Northern India accounting for about 40% of the turnover.

This year’s edition of New Delhi Plastic Expo/ P4 Plastics Expo 2017 will see a perfect blend of raw material suppliers, machine manufacturers, machine sales companies, converters, engineering polymers by and large from India, thus giving prominence to the domestic industry. Like the last edition held at Delhi NCR in 2016, the show will have participation from Plastics, Petrochemicals, PVC & Compounds and Packaging segments.

International participation from countries like Iran, Taiwan, Jordan, Egypt, KSA, China, Korea is adding strength to the show. These countries will display their latest technologies. Organized jointly by the All India Plastic Industries Association (AIPIA), and the Dubai-based Verifair, the international trade show and conference on Plastic Industry; the four-day New Delhi Plastic Expo/ P4 Expo India 2017 will open on May 3, 2017 at Pragati Maidan, New Delhi.

For further information visit:

www.gippev.org

www.p4expoindia.com

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