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The Indian plastics processing industry is highly fragmented and small and tiny players constitute majority of the units. Injection moulders dominate the Indian plastics processing sector. Polyethylene bag and sheet producers dominate the extrusion segment, highlights the Organisation of Plastics Processors of India.
India ranks 8th in the world in total plastic consumption. However, Indian per capita consumption is 4kg, against the world average of around 20kg.
The consumption of recycled plastic constitutes approx. 30% of total consumption. India is expected to be the 3rd largest consumer of plastics after US and China by 2010 (expected polymer consumptions then - USA 38.9 MMT; China 31.3 MMT and India 12.5 MMT).
Demand for plastic polymers in the next 5 years is expected to grow at CAGR of 15%. Polythene and Polypropylene will continue to dominate polymer demand in India. Demand of all polymers in India is expected to reach 12 million tonnes by 2011.
Indian Petrochemical Industry is facing intense competition from the Middle East countries where price of feedstock ranges between one-fifth to one-tenth the prices prevailing in international markets.
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