Top 10 Best Plastic Manufacturing Companies In India In 2023
One of the biggest industries in India is the plastics market. Polystyrene manufacturing in 1957 marked the beginning of India’s plastic industry. Since then, the sector has advanced and expanded quickly. More than 2,000 exporters work in the industry, which is widespread across India. Over 4 million people are employed by it nationwide, and there are 30,000 processing facilities, of which 85–90% are small and medium-sized businesses.
India produces many goods, including plastics and linoleum, home furnishings, cordage, fishnets, floor coverings, medical supplies, packaging, pipes, plastic films, and raw materials. Most of the nation’s exports are tarps, woven bags, textiles, films, and sheets made of plastic. In 4-5 years, the Indian government hopes to increase the economic activity in the plastic industry from its current level of Rs. 3 lakh crores (US$ 37.8 billion) to Rs. 10 lakh crores (US$ 126 billion).
The Department of Chemicals and Petrochemicals has approved the construction of ten plastic parks. Six of them, including those in Madhya Pradesh (2 parks), Assam (1 park), Tamil Nadu (1 park), Odisha (1 park), and Jharkhand, have got final approval (1 park). These parks aim to increase jobs and achieve environmentally sound development.
How plastics are made
Natural resources like cellulose, coal, natural gas, salt, and oil are used to make plastics through the polymerization or polycondensation process.
Natural, organic resources like cellulose, coal, natural gas, salt, and oil are used to make plastics. Before it can be used, the oil must be treated since it is a complicated mixture of hundreds of components. In an oil refinery, the first step in making plastics is the distillation of oil. This divides the heavy oil into fractions of lighter parts or groupings.
Each fraction consists of a combination of hydrocarbon chains, which are chemical compounds of carbon and hydrogen, whose molecules vary in size and structure. The important ingredient for making plastics is one of these fractions, naphtha.
Plastics are made primarily through the polymerization and polycondensation processes, both of which call for specific catalysts. Long polymer chains are created in a polymerization reactor by joining monomers like ethylene and propylene. Each polymer has a unique size and set of features depending on the different types of basic monomers used.
EXPORT TREND
India saw a strong increase in exports over 2020–21 in terms of value. Overall, the overall exports of plastics in 2021–22 saw a high increase and rose by 35.4% from the last year. Compared to 2020–21, the exports of FRP & composites, pipes & fittings, and human hair all climbed by 100%, 67%, and 48%, respectively.
Throughout 2021–2022, exports of plastics and related commodities totalled US$ 13.34 billion. This represented a 33.4% increase above the US$ 10 billion exports for 2019–20.
The largest export category in 2021–2022 was plastic raw materials, which accounted for 30.7% of all exports and increased by 26.5% from the last year. The second-largest category, films and sheets, accounted for 15.2% of all exports and increased 32.7% from a year earlier.
India exported a total of US$ 1,073 million in May 2022. The following industries saw major growth over the same time period:
- Packaging materials
- Cordage fishnets & monofilaments
- Plastic films & sheets
- Plastic pipes & fittings
- FRP & composites
To reach US$ 2,173 million, the total exports for April and May 2022 increased by 2.6 per cent yearly.
EXPORT DESTINATIONS
India exports plastic to almost 200 nations all over the world. The USA, Germany, Japan, France, and China are the top 5 consumer and household goods importers. Britain, France, and Japan. India sells plastic and related goods to the USA, China, UAE, Germany, Italy, the UK, Bangladesh, Nepal, Turkey, France, Viet Nam, Indonesia, and other countries in huge quantities.
The value of exports to the USA, the country that consumes the most products made of plastic in India, was US$ 1,485.8 million in 2020–21, an increase of 8.2% year over year. China is India’s second-largest export market for plastic goods, with a total export value of US$ 1,266.08 million, up 20.9 per cent yearly. In 2020–21, the USA and China accounted for 15.0% and 12.8% of global plastic exports, respectively.
Approximately US$ 162 million worth of plastic was exported from India to France in total in 2020–21. In the first quarter of 2021–2022, PLEXCONCIL worked with the Indo–French Chamber to increase exports to France and Europe. Recently, Mr Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles asked the sector to follow international standards to aid in growing its global presence. A free-trade agreement that India just inked with the United Arab Emirates and Australia will open up new opportunities for the plastics industry.
GOVERNMENT INITIATIVES
India’s Ministry of Commerce & Industry wants to double its plastic exports to $25 billion by 2025. To increase the nation’s output of plastic production, many plastic parks are being established in it gradually. Funds up to 50% of the project costs or a maximum cost of Rs. 40 crore (US$ 5 million) per project are available under the plastic park initiatives.
The Indian plastics sector will grow as a result of government initiatives like “Digital India,” “Make in India,” and “Skill India.” Lika, as a part of the “Digital India” programme, the government, seeks to lessen the reliance on imports of goods from other nations, which will benefit domestic producers of plastic components.
The government has started a programme to establish Centers of Excellence (CoEs) to advance the nation’s petrochemical research environment and develop the industry’s current technology. This will help the nation promote and create new uses for plastics and polymers. A total of 23 Central Institute of Plastics Engineering & Technology (CIPET) campuses have received approval to expedite financial and technological cooperation to promote skills in the chemicals and petrochemicals sector.
GOVERNING BODY
The Plastic Export Promotion Council (PLEXCONCIL)
In 1955, the Ministry of Commerce and Industry created the PLEXCONCIL. This NGO’s major goal is to promote India as a dependable source of high-quality goods. PLEXCONCIL comprises more than 2,500 exporters who produce and sell goods made of plastic, from raw materials to semi-finished and finished goods.
Following are the Top 10 Best Plastic Manufacturing Companies In India In 2023
1. Supreme Industries
Mumbai-based Supreme Industries Limited is a plastics firm in India. Every year, it handles volumes of more than 320,000 tonnes of polymers. Supreme was established in 1942. The major plastics processors effectively handle volumes of over 3,50,000 tonnes of polymers annually.
Unsurprisingly, they have India’s largest and most complete selection of plastic products.
Their 25 cutting-edge facilities, which complement their sizable R & D and new product development capabilities, are powered by technology from global leaders. In reality, Supreme is known for having invented many goods in India. These include HMHD films, multilayer films, cross-laminated films, and SWR piping systems.
Supreme Industries Limited is India’s top plastic processing company with seven business divisions. The business has dabbled in many plastic processing techniques, including extrusion, rotational moulding (ROTO), compression moulding, blow moulding, and injection moulding.
Moulded furniture, storage and material handling products, XF Films & Products, performance films, industrial moulded products, composite plastic products, plastic piping systems, and petrochemicals are just a few of the many applications for which Supreme Industries Limited has options for plastic products.
The Supreme Group’s expected annual revenue will exceed Rs. 125 billion in 2020–2021.
2. Nilkamal Limited
Manufacturer of plastic goods Nilkamal Limited is located in Mumbai, India. It is the world’s largest producer of plastic-moulded furniture and the biggest processor in Asia. Custom plastic mouldings, plastic furniture and boxes make up most of their product line. Under the @home name, the business operates a retail chain.
As Creamer Plastic, Nilkamal was first started on December 5th, 1985. On August 23, 1990, the business changed its name to Nilkamal Plastic. The company changed its name to Nilkamal Ltd. in 2004. In addition to Samba, Greater Noida, Pondicherry, Barjora, Sinnar, Nashik, and Silvassa, the company has manufacturing facilities there.
Additionally, the business has joint production operations in Sri Lanka and Bangladesh (Nilkamal Padma Plastics) (Nilkamal Eswaran Plastics). The company started making mattresses in 2011 with factories in Dankuni and Hosur.
3. Jain Irrigation
Jalgaon is home to the global conglomerate known as Jain Irrigation Systems or Jains. It creates, produces, maintains, and markets a variety of goods, like drip and sprinkler irrigation systems and their parts, integrated irrigation automation systems for monitoring and control, dosing systems, PVC and PE piping systems, plastic sheets, bio-fertilizers, solar power, turnkey biogas plants, photovoltaic systems, and tissue culture plants.
JISL also processes concentrated & frozen fruit or pulp, dehydrated vegetables, and spices. Additionally, it provides agronomical support services and turnkey projects.
As of 2015, the business was ranked seventh on Fortune’s “Change the World” list. It has 33 manufacturing facilities all over the world, with 12,000 employees and 11,000 Dealers and Distributors.
After combining with other Jain Group firms like Jain Plastic & Chemicals Ltd., Jain Kemira Fertilizers Ltd., Jain Rahan Biotech Ltd., Jain Brothers Industries, Anubhuti School, and Jain Pipe, Jain Irrigation Systems Ltd. became a major business. Jain kept acquiring companies to increase its market share. Following some major acquisitions, it rose to become the world’s second-largest irrigation company and third-largest manufacturer of dehydrated onions.
Then, JISL bought Tera Agro Technologies and Parle-Bisleri Pvt. Ltd.’s mango processing division, both of which were based in India.
4. Mayur Uniquoters
Founded in 1994, Mayur Uniquoters Limited aims to become a supplier of faux leather.
India’s largest fake leather/PVC vinyl producer is Mayur Uniquoters Limited, which uses the “Release Paper Transfer Coating Technology.” In the last 20 years, Mayur has grown from producing a meagre 0.25 million linear metres monthly to an amazing 1.85 million linear metres monthly thanks to its four cutting-edge Italian coating lines.
The 5th and 6th Italian Coating Lines would be constructed and operational in our second unit from January 2014 to January 2015, increasing the monthly capacity to 2.45 million linear metres and ultimately to 3.05 million linear metres.
5. VIP Industries
VIP Industries is the largest manufacturer of luggage and travel accessories in India. The second-largest luggage manufacturer in the world and the biggest in Asia, it has its headquarters in Mumbai, India. The organization has retailers in 50 countries and over 8,000 retail locations in India. In 2004, it bought the British baggage company Carlton.
The company was founded in 1970, and since then, it has existed. Since then, the business has reported selling around 100 million pieces of luggage globally. The company was originally formed in 1968 under the name Aristo Plast VIP Industries. Blow Plast Retail Limited, VIP Industries Bangladesh Private Limited, VIP Industries BD Manufacturing Private Limited, and VIP Luggage BD Private Limited were the two owned subsidiaries that made up the corporation. As of March 31, 2019, the firm had four owned subsidiaries abroad and one in India.
6. Sintex Industries
Sintex group is the world’s largest producer of plastic water tanks and Asia’s largest manufacturer of corduroy fabrics. With a focus on France, Germany, and the US, Sintex conducts business in Europe, America, Africa, and Asia. It deals with prefabricated buildings, textiles, building materials, monolithic constructions, and water storage tanks.
Bharat Vijay Mills Limited was established in June 1931 when it opened a composite textile factory in Kalol, Gujarat. It changed its name to Sintex Industries Limited in 1975, and in 2000 it was listed on the Mumbai Stock Exchange.
In the 2000s, Sintex had tremendous growth, which included acquiring Wausaukee Composites in the US. Bright Autoplast, commonly called Sintex-BAPL, was created in 2007 after the offshore holdings part of Sintex Holdings BV Netherlands bought the automotive division of Bright Brothers Ltd. Nief Plastics, a French firm, was acquired and eventually renamed Sintex NP. To increase its coverage of automotive applications, Bright Autoplast and Rototech Group formed a venture in 2015 under the name BAPL Rototech.
Sintex split in 2017, with the plastics and prefab division becoming Sintex Plastics Technology Limited while the textile division continued to operate under the name Sintex Industries Limited.
7. Plastiblends
Plastiblends is the maker and exporter of Color & Additive Master Batches, and Thermoplastic Compounds for the Plastic Processing Industry in India is Plastiblends India Limited.
The headquarters of Plastiblends are in Mumbai, India, while it’s top-notch manufacturing, product research, and application facilities are in Daman (Western India).
Their adherence to exacting quality standards has earned them a certification from TUV SUD AMERICA INC under ISO 14001:2015, OHSAS 18001:2007, and ISO 9001:2015. The Department of Scientific & Industrial Research (DSIR)-Government of India has designated our R&D facility as an “In-house R&D Unit.”
As a business with aspirations to be really global, they are already well-known in the European, African, South American, and Asian markets.
Achievements
- The first Master Batch Company with the status of an Export House by the Government of India.
- Awarded the highest recognition for exports as “Largest Exporter of Master Batches” from India for eight consecutive years since 2003-04 by the PLEX COUNCIL.
- Won the Gold Trophy “Fastest Growing Enterprises” for processing commodity polymers for 2009-2011
8. Responsive Industries
One of the top international companies in the PVC-based product divisions is Responsive Industries Ltd. Pharmaceutical packaging, translucent sheeting, and many PVC flooring and car upholstery products are all produced by the company. Their goods serve customers from a range of industries and locations. These include industries including real estate, healthcare, hospitality, transportation, retail, and sports.
The company changed its name from Sinhal Holdings Ltd to Responsive Polymers Ltd on January 27, 2006. For a lump sum payment and with effect from April 1, 2006, the company acquired a facility in Tarapur that produced PVC products during the 2005–2006 period.
9. Finolex Industries
The largest and most reputable producer of PVC-U pipes and fittings for the plumbing-sanitation, agriculture, and construction industries in India is Finolex Industries Limited (FIL). FIL was founded in 1981 and operated a PVC pipe facility out of Pune, Maharashtra. Currently, it operates three plants: two in Gujarat, at Masar, and one each in the Maharashtra towns of Ratnagiri and Urse.
Offering a large selection of goods in different sizes, pressure classes, and diameters suited for many applications in the two main areas of agriculture and plumbing-sanitation. Including CPVC pipes, SWR pipes and fittings, ASTM pipes and fittings, casing pipes, column pipes, sewer pipes, and solvent cement for pipes and fittings across applications.
Finolex has gained the trust of farmers, builders, industrial juggernauts, and the next generation by focusing on producing the strongest and longest-lasting products imaginable. They didn’t stop there. The Finolex family has spent the last 40 years improving their manufacturing process and product quality through study, invention, and cutting-edge technology. Creating their PVC resin upstream in their value chain.
10. Kingfa Science
A major producer and supplier of Reinforced Polypropylene Compounds, Thermoplastic Elastomers, Fibre Reinforced Composites, and All Engineering Plastics, Kingfa Science & Technology (India) Limited.
Being supreme in using modified polymers in consumer goods and the automobile industry. Their group companies began diversifying into personal protection necessities at the start of the COVID-19 pandemic (PPEs). They manufacture disposable filtering facepieces for respiratory protective devices in accordance with international standards EN149:2001 + A1:2009, IS: 9473-2002. Additionally, Kingfa imports and distributes hand protection material like nitrile gloves.
In the field of polymer compounding and personal protective equipment, KINGFA India has focused on and worked to deliver the highest quality goods.
Edited by Prakriti Arora
