Plastic exhibitions often provide valuable insights into global market trends, innovations, and industry challenges. PLEXCONNECT 2024 is a unique plastic exhibition that is a business opportunity for global buyers and Indian suppliers. It is a platform that invites international plastic buyers to meet Indian exhibitors and fulfil their sourcing requirements.
Global Market Insights
Following are some of the top global market insights gathered from the plastics exhibition that gives a glimpse into the growing industry.
- The plastics industry is one of the growing sectors in the world, and India is emerging as a major hub for the globe to source their requirements.
- The country is expected to reach two billion-dollar exports annually with plastics as India becomes a five trillion-dollar economy.
- India’s plastics exports have grown over the past decade, and they aim to reach USD 25 billion by 2027.
- Global plastic production has been growing since 1950 at a rate of 8.2% per annum, and the global plastics trade is a USD 1.1 trillion market.
- The Indian plastic sector has incredible room to grow as it entices global giants to invest in and source from India.
- Greater participation at the plastic exhibition in India is expected, and unique buyers will be brought in to ensure benefits for the member exporters.
- A rise in the demand for sustainable plastics has elevated global trade to a new level. The value of the global biodegradable plastics market is expected to exceed USD 20 billion by 2026.
PLEXCONCIL: Developing the Indian Plastics Industry Every Day
The Plastics Export Promotion Council, or PLEXCONCIL, has taken strides in developing India’s plastic industry and making it a major sourcing hub. The Council has entered the international plastic industry and made a pathway for connecting global manufacturers with traders in India. It has led Indian exporters at several international trade fairs and collaborates with trade associations. It will now host the biggest plastic exhibition in India, PLEXCONNECT 2024, held between 7th and 9th June at the Bombay Exhibition Centre, Nesco Mumbai.
Reach https://www.plexconcil.org/plexconnect/ to learn about the PLEXCONCIL initiatives that revolutionise and shape the plastic industry’s future. Learn all about PLEXCONNECT 2024 and understand how it makes a difference.
