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The shining India has given a boost to the Indian plastic processing
industry in 2003-2004. The plastic machinery business grew to almost
Rs. 800 crores in 2003-2004. In fact, the growth is more than 20%
compared to an average of 9% that was achieved in the last 5 years.
Most of the machinery suppliers were very buoyant and claimed to
have one of the best years in the last 5 years.
The extrusion sector having more than 55-60% share of the plastic
machinery business has done extremely well mainly in 3 areas: PP/PE
raffia, PVC pipe, PE/PP film. The increasing demand on FIBC for
export has given a boost to the raffia machinery sector. Besides,
the new investment in the Eastern India has also contributed in
the growth. The existing processors procured the higher output machinery
to acheive better - cost economy. PVC pipe industry is looking forward
to better business oppurtunity because of several micro irrigation
projects that are likely to be implemented in the next 2-3 years.
Also drinking water supply projects are being pursued by states.
PE pipes also get the benefit of these projects but the demand for
PE pipe machinery was stagnant mainly because of the existing higher
capacity. In the film sector almost 30KT of cast film capacity was
added over the last 1-2 years. BOPP and BOPET sector also increased
the capacity significantly. Over all an addition of about 300 KT
of the extruded products capacity was increased against possible
increase of about 150 KT of the extruded products in 2003-2004.
The automotive and consumer durable sectors were the drivers for
growth of injection moulding machinery. It is estimated that more
than 1500 machines were sold increasing the injection moulding capacity
by about 275 - 300KT.
The blow moulding sector also grew by more than 10% despite PET
taking some beating due to incidence of pesticide in the cola beverage
observed. HDPE blow moulding sector helped in achieving the growth.
It is estimated that the imported machinery had about 10% market
share in 2003-2004 compared to 5-7 % that is normally observed in
the last few years.
While the Indian business did increase well, the export of the
Indian machinery also showed a very positive growth. Some of the
leading plastic machinery manufacturers clocked a growth of more
than 40% in the export market.
The Indian plastic processing capacity on April 01, 2004 seems
to have reached more than 10 million tonnes compared to about 5.5
million tonnes of the actual processing output (including the recycling
/ scrap processing)
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