Plastic Prices

Lowering plastic production will be the key

India's plastic exports grew 14.3 per cent year-on-year to USD 997 million in February due to a rise in demand in various product categories, an apex industry body said on Friday. The overall plastic exports stood at USD 872 million in February 2023, Plastic Export Promotion Council Plexconcil said in a statement. According to Plexconcil data, there was significant export growth in February 2024 across the majority of the product panels like plastic raw materials, plastic films and sheets, woven sacks, and floor coverings, among others. However, panels like writing instruments and stationery, consumer and houseware products, human hair and related products, and miscellaneous products and items faced challenges in achieving growth during the same period, it added. "Amidst fluctuating trends, India's plastic exports grew in February, reaching USD 997 million, a 14.3 per cent rise from the previous year. Initiatives like PLEXCONNECT 2024 aim to fortify global connections. Scheduled fo

The regulations impose a ban on burning of plastic

Plastics industry groups have called for a focus on recycling

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Lack of will to comply and challenges in enforcing the rules and regulations have been an issue

The main reason for the slowdown in exports is the economic downturn in the export markets and a decline in raw materials prices

Industry officials say another labour cost increase is on the cards in the next three months