Plastic packaging per capita consumption to double in five years – FICCI
The Federation of Indian Chambers of Commerce and Industry'south (FICCI's) 2nd National Conference on Packaging Plastic – The Sustainable Selection held in New Delhi on 19 January 2022 was an elaborate thing witnessing the attendance of eminent people from the plastic packaging segment globally. Several students, sponsored by Sabic, were also given the opportunity to attend the conference in the national capital and learn from the industry experts first hand. While the welcome address was conducted past KK Seksaria, president, Plastindia Foundation, the inaugural session was moderated by Vinay Mathur, deputy secretary full general, FICCI. Talking about the plastic industry, Mathur says, "Generally when we talk about 'Make in India' nosotros tend to skip the point that 'Make in India' with zippo defect is important and in the example of plastics information technology becomes even more vital."
Nosotros all know that plastics are playing a very important part in the growth of the economic system. In many industrial sectors plastics account for almost 85,000 crores of business in the state, employing virtually iii.three 1000000 people. But while growth is evident, according to FICCI'due south view, we need to exist very conscientious about the disposal, reuse and reprocessing of plastics. The drove of plastics and the problem of mixed garbage and segregation of plastics also needs to be taken care of, adds Mathur.
"This conference, 2d in the line is focussed on plastic packaging equally a sustainable choice given that plastic has acquired a not so welcome focus and is seen equally a villain. So information technology was very essential to have this kind of a conclave where we review what's happening and how far these allegations are true and what are the ways to see the problems and place before the larger society the truth along with discussing the newer developments that are happening and come across the various demands. On these accounts the conference and so far is working very well," says Vijay Habbu, senior vice-president at Reliance Industries.
Congratulating FICCI and the Organisation of Pharmaceutical Producers of Republic of india (OPPI) for successfully organizing the conference, Prabh Das, chairman of the FICCI National Petrochemicals Committee and managing director and CEO of HPCL-Mittal Energy, said, "Packaging is the most of import tool in the hands of the marketing team. Brands are created by their packaging; in fact many markets owe their beingness to the evolution of packaging." C Bhasker, president of OPPI said, "Responses from the industry, government and all stakeholders are very encouraging. In fact we had a panel discussion which I think was the about interesting one in many years."
Latest FICCI study
A report titled Plastic Packaging – The Sustainable Choice prepared in collaboration by Tata Strategic Management Group (TSMG) and FICCI was released at the briefing. Co-ordinate to the FICCI written report, pegged at US$ 700 billion globally, packaging is 1 of the fastest growing industries while plastics consists of 42% of packaging including both flexible and rigid packaging. In a developing land like India, it grew at a compound annual growth rate (CAGR) of 16% in the last five years and touched The states$ 32 billion in FY 2015. The Indian packaging manufacture represents 4% of the global packaging industry. However, per capita packaging consumption in India is quite low at 4.three kilograms, compared to countries like Frg and Taiwan where it is 42 kilograms and 19 kilograms respectively. The Indian packaging industry is valued at over Us$ 32 billion.
Industry growth
The FICCI report estimates the packaging industry to grow at 18% per annum wherein flexible packaging is expected to grow at 25% per annum and rigid packaging to grow at fifteen% per annum. The overall packaging industry in Republic of india has a huge growth potential and is expected to reach The states$ 73 billion in the yr 2020. Growth prospects of stop-user segments are leading to rising in the demand of the plastic packaging industry. Demand from the rural sector for packaged products is being fuelled by the increasing media penetration through the means of internet and tv. Out of 30,000 processing units, virtually 75% are in the pocket-size-calibration sector. The minor-calibration sector, however, accounts for only almost 25% of polymer consumption. The industry also consumes recycled plastic, which constitutes about 30% of full consumption.
zIs plastic harmful?
The plastic industry faces risks and challenges such equally growing ecology concern, lack of skilled workforce and segregation of mixed plastic waste among others. Reuse and recycling of plastic remains to be a key stride towards fostering sustainability and innovation. Talking about the misconception doing the rounds in the society at big circling around plastic being harmful and not being environment-friendly, Habbu said, "Nix is wrong with plastic every bit a material, it'southward how people use it. The fabric is the same plastic that people are happy to use every bit catheters, implant devices, and in mobile phones, cars and dashboards. When the same plastic is used in these areas people don't find information technology a trouble, it's only in the packaging applications that people tend to take problems and that too non with all cases. For example, plastic bottles are quite nicely used and they are recovered as well. Even so, it is a fact that plastics in the flimsier versions such equally conduct bags cause littering problems and this leaves an impression that plastics are not good."
"We need to understand what do nosotros mean by proverb plastics is not expert. In smaller versions of plastic it is hard to collect therefore information technology litters, then to a limited extent plastics is not good. Otherwise in terms of biodegradability, plastic is every bit difficult to bio-degrade as spectacles. Then compared to the conventional packaging materials, plastic is no proficient or no better in terms of biodegradability, added Habbu.
Packaging South asia is the cooperating media partner for drupa 2022 which is scheduled to exist held from 31 May to 10 June at Dusseldorf, Federal republic of germany.
Source: https://packagingsouthasia.com/events/plastic-packaging-per-capita-consumption-to-double-in-five-years-ficci/
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