Plastindia claims title of world's third-largest plastics show

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: February 1, 2012 6:00 am ET

Related to this story

Topics Materials, Machinery, Molds/Tooling

NEW DELHI (Feb. 1, 1:15 p.m. ET) — If emerging markets are supposed to provide an economic lift to the world economy these days, India’s plastics sector seems ready to oblige, with its leaders opening the PlastIndia trade show Feb. 1 by predicting they’ll maintain double digit growth over the next decade.

Led by that growth, they said that PlastIndia has now become the third-largest plastics show in the world, trailing Germany’s K Fair and the Chinaplas exhibition. It opened its doors in New Delhi with 1,800 exhibitors, 100,000 square meters (1.07 million square feet) of exhibition space and estimates of 100,000 trade visitors over its six days.

While it’s hard to directly compare trade shows –organizers of the NPE show in the United States argue that metrics like purchasing power of the buyers on the show floor matter more than visitor headcount – India’s plastics leaders were striking a confident tone.

At their opening ceremony, PlastIndia leaders did not mention by name any other plastics shows that in the past would have been larger than PlastIndia, such as NPE in the United States and Japan’s IPF show.

But those shows have seen attendance drop in recent years, while PlastIndia has been getting larger.

The last NPE in 2009 had a little less than 1 million square feet of exhibition space, 1,851 exhibiting companies and 45,000 registered attendees. In October, NPE organizers estimated the 2012 edition, in April, would have 1 million square feet of exhibiting companies and draw 50,000 industry professionals.

PlastIndia is optimistic of continued growth because emerging markets like India and China will be the drivers of global growth, with India growing 12-15 percent a year, said S.B. Dangayach, chairman of the National Advisory Board of the New Delhi-based PlastIndia Foundation. The Foundation organizes the show, which is held every three years.

Some Indian executives interviewed at the show said they did see a slowdown in the second half of 2011, as both global economic uncertainty and factors specific to India like rapidly rising interest rates started to bite.

That meant the 15 percent annual growth the industry had been seeing dropped to about 12 percent in 2011, said Ashok Goel, president of the PlastIndia Foundation and vice chairman of Mumbai-based plastic packager Essel Propack.

India’s plastics growth is largely domestically driven, so it’s been more immune to global problems than export-driven Asian economies like China, PlastIndia organizers said.

India’s plastics sector, however, remains much smaller, with per capita plastics consumption of only 7 kilograms a person, well below the world average of 27 kg. per person. Figures presented at the opening ceremony said India is only four percent of global plastics consumption but accounts for 18 percent of the world’s population.

While the ceremony focused on economic opportunities, there was an undercurrent of concern about environmental pressures facing Indian plastics firms.

India’s Secretary for Chemicals and Petrochemicals, K. Jose Cyriac, told the assembled executives that while their economic accomplishments are good, they must do more to address waste management problems and litter from packaging, because that is what the public sees and associates with plastics.

The industry needs to “take up projects for plastics waste management,” he said. “That is where we suffer. The brand image of the industry suffers.”


Comments

Plastindia claims title of world's third-largest plastics show

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: February 1, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Styrolution will open new production late 2014

July 30, 2014 12:54 pm ET

Germany-based styrenic materials group, Styrolution, has announced it is expanding its facility in Ludwigshafen, Germany.    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Dow sees solid second quarter performance

July 29, 2014 11:19 am ET

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.
More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events