It employs about 4 million people and comprises more than 30,000 processing units, 85-90 per cent of which are small and medium-sized enterprises.
Over the past few years the demand and usage of plastics in several industries has increased tremendously. The Indian plastic industry has grown by 13% annually in the last five years and a similar growth rate is expected to continue in 2016-17.
The size of the industry is expected to reached Rs. 1.7 lakh crore from Rs. 1.02 lakh crore last year.