Indian Plastic Market Expected to Reach ₹10 Lakh Crore by Fiscal 2027-28: AIPMA

Indian Plastic Market Expected to Reach ₹10 Lakh Crore by Fiscal 2027-28: AIPMA

The Indian plastic industry is expected to witness significant growth in the coming years, according to AIPMA Governing Council Chairman Arvind Mehta. He stated that the industry has immense potential and is on track to achieve a market value of ₹10 lakh crore by fiscal year 2027-28. Mehta highlighted the various factors contributing to this growth, including increased consumption across sectors such as packaging, automotive, and construction. Furthermore, the industry’s focus on innovation, R&D, and sustainability will play a crucial role in propelling its expansion. The chairman also emphasized the importance of adopting recycling and waste management practices to address environmental concerns. With these efforts, the Indian plastic industry is expected to seize the vast opportunities ahead and continue its upward trajectory.

TIS Staff

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