The Indian Plastics Industry has been growing at a phenomenal rate of 15% over the years and with its true potential harnessed, it is all set to reach the 12.5 MMT consumption mark, making India the 3rd largest consumer of plastics by 2010. To match this figure, India would require 30,000 new machines and around US $ 9.5 billion of project investment. Experts have predicted that India's market for finished plastic goods will reach US $300 billion by 2012, while exports are expected to top US $200 billion in the same period.

The Electronics, Packaging, Healthcare, Consumer Durables and Telecommunication  are fast growing sectors of Indian economy offering growth for plastics consumption.

The importance of infrastructure for sustained economic development is well recognized in India. The country has made considerable progress in the last ten years in attracting private investment intzo the infrastructure sectors in telecommunications, ports, roads & power etc. The sector is estimated to grow at the rate of 15 per cent over the next few years. India has the potential to absorb US $ 150 bn. of foreign direct investment in the next five years in the infrastructure sector alone. This will offer tremendous opportunity for consumption of plastics.

India's Agricultural Ministry has planned focused development of plasticulture to cover 17 million hectares under micro irrigation system which will boost demand of plastics from 216 KT in 2006 to over 2500 KT in next 5 years.

There is enormous scope for expansion and development in the Indian Plastics Industry. The processing industry in fact offers a huge potential for upgradation in terms of innovative technological advances. Some of the areas with huge investment potential for the plastics industry are: