Indian industry is gearing up to meet the challenges of competition, particularly with China in the east. The difference of Indian and Chinese industries is in terms of capacity.
How is global plastics converting industry evolving and what are the future trends?
In recent years, the growth dynamics of global plastics converting industry has become dependent on the user segments with increased application spectrum in all spheres e.g. agriculture, telecommunication, automotives, IT, packaging (attractive & aesthetic packages becoming a market tool), electrical/ electronics/ consumer durables, furniture etc.
The rapid urbanisation, surge in retail business in populous countries like India suggest high growth potential for plastics packaging sector, which may cross the half ..