Growth Signs for PET Industry in India and World

By and large, the growth prospects for plastic processing industry in India for the period 2014-2015 that the Central Institute of Plastic Engineering and Technology (CIPET) had projected have been achieved. Segment-wise, this forecast had predicted installation of additional 40,800 units of processing machinery:

  • Injection Moulding     –           26,700
  • Blow moulding           –           3,900
  • Extrusion                     –           10,200
  • Total                            –           40,800

Simultaneously, the demand for preform moulds too would have increased manifold. No wonder, delegates at the Conference of PLAST INDIA 2015 held at Gandhinagar in Gujarat in early February this year focussed on technological upgradation in the industry. Thus they discussed advanced materials and Applications for engineering and high temperature applications, technological innovations and emerging new opportunities in the field of packaging.

As for PET preform design in India, there are companies like the Delhi NCR based Ashish Tools that have created an impressive impact both at home and abroad. This company is a manufacturer of mould for preforms ranging from six grams to 720 grams and in neck sizes between 12mm to 150mm as well as moulds upto 72 cavitations with standard inter-changeable components.

Meanwhile, in mid-April this year, a report on global trends in blow moulded plastic-based packaging was released in London by PRNewswire, a media agency. It noted that this segment in the market consumed nearly 61.2 billion pounds of plastic materials as the market could reach 77 billion pounds, registering a compound annual growth rate (CAGR) of 4.7% for the forecast period till 2019.

An overview of the global market for blow moulded plastics used in packaging was covered in this study. It also included information on the main types of blow moulding, extrusion blow moulding, injection blow moulding, injection stretch blow moulding and compound blow moulding processes. The report was compiled in the context of main polymer materials such as polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) as well as bio-based plastics, polyamide, polycarbonate and polyethylene naphthalate.

 

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