Vibrant, US$ 200 billion Strong, P4 Sector Draws Global Giants to India
All India Plastic Industries Association (AIPIA) & Verifair to Organ-ise P4 Expo India 2016 between April 5-7, 2016 at India Expo Mart, Greater Noida
The Indian Petrochemicals and related industries – Plastics, Packaging and Printing – have registered record growth rates of over 20% in the past decade. Largest of the P4, Chemicals and Petrochemicals alone are industries expected to touch US$ 200 billion turnover by 2020, while the other three are expected to see a growth of over US$ 80 billion by 2020 – with the Packaging industry at US$ 43.7 billion by 2016, printing in-dustry touching US$ 20.17 billion and plastic industry at US$ 20 billion, by 2020, is making India an attractive market for the global investors.
Spurred by the prospects of participating in this growth story, global P4 giants are flocking to India for the Country’s first ever integrated P4 exhibition and conference.
Organised by the apex body of the Indian plastics industry, All India Plastics Industries Association (AIPIA), in association with Dubai based trade fair organiser, Verifair, the inaugural edition of P4 EXPO 2016 will host country pavilions from China, Korea, Tai-wan, EU, Iran, Turkey, Egypt, Saudi Arabia.
The show, to be held between April 5-7, 2016 at the India Expo Mart, Greater Noida, Delhi NCR, is the first of its kind bringing together the P4 industries – Petrochemical, Plastics, Printing and Packaging – under one roof. Indian Oil Propel has taken pole po-sition as the premium partner for the event.
The Hon’ble Minister of State for Chemical and Fertilisers, Government of India, Shri Hansraj Gangaram Ahir announced the launch of the event.
P4 Expo India 2016 will bring together the entire value chain of Petrochemical, Plas-tics, Packaging and Printing industries together and throw open the best networking opportunities for exhibitors and visitors alike.
Mr. Ravi Aggarwal, President, All India Plastics Industries Association, said, “P4 Expo India 2016 will be a true win-win for all four sectors. P4 Expo India 2016 offers the best platform to showcase products, technology and innovations in all the sectors.”
Commented Mr. S. Mitra, Executive Director – Petrochemicals, Indian Oil Corporation “We are happy to support this maiden venture to bring together the petrochem and related industries under one roof. Bringing all the four sectors under one roof is a great way to showcase the opportunities in each sector and for each sector to benefit from the growth of innovative technologies in the other sectors.”
Verifair CEO Mr. Jeen Joshua added, “India is the natural choice for hosting an inte-grated P4 exhibition given the country’s vibrant consumption-oriented domestic indus-try. With rising demands and more capacity addition in the pipeline, India is clearly emerging as hub for the P4 sector. By organising P4 Expo India 2016, we have taken the lead in giving our global clients a head start in the race for the emerging opportu-nities in India.”
NOTES TO EDITORS:
Petrochemicals: Petrochemicals is one of the fastest growing industries in India with a petroleum-refining capacity of over 194 MTPA and gas cracker complexes with down-stream facility producing plastics and polymers. The industry alone is expected to reach a turnover of over US$ 100 billion by 2020. It is expected grow at a CAGR of 11% in the coming years. Demand in the last 5 years has been led by growth in poly-mers, fiber intermediates, synthetic fiber and elastomers. However, India continues to be a net importer of olefins as domestic capacity is low. Indian chemical and petro-chemical industry put together currently stands at US$ 144 billion and estimated to cross the US$ 200 billion by 2020.
Plastics: Plastics consumption is likely to reach 200,000 tonnes by 2020. The country is poised become the 3rd largest consumer of polymers in the world, after US & China. The growth in Automotive, Construction, Electronics, Healthcare, Housing & Construc-tion, Textiles and FMCG is driving growth in plastics. Indian plastics industry is poised for a substantial growth in investment in new technologies. Plastics consumption in In-dia is growing at over 16% a year currently, whereas the growth in China is 10% and UK is 2.5%. India has more than 50,000 manufacturing units and has more than 40 lakh people working in the sector. Per capita consumption is between 6-8% and expected to increase in the coming years.
Packaging: Packaging in India growing at an annual growth rate of 12%, the country is set to become the 4th largest global market by 2016. Retail growth and increased consumption of consumer products is driving the demand for packaging in the country. The Indian food processing market is one of the largest in the world in terms of produc-tion, consumption and growth prospects. Demand for F&B packaging stands at around US$ 13.2 billion and is expected grow at 10% a year and is a sunrise segment for in-vestors. Demand is also growing in flexible, rigid and metallic food packaging that account for around 55% of the food packaging materials market as well as in printed cartons and rigid packaging. Government initiatives on FDI in multi-brand retail are a further catalyst for growth, specifically for packaging machinery and equipment busi-nesses.
Printing: Printing is driven by the growth in print packaging and print publishing. In volume terms, India is set to become the 5th largest market by 2018 with rising de-mands from other countries. Great growth opportunities for print products are clus-tered around revenues from print packaging and print publishing. The market size of the package-printing sector is expected to make up 43% of total print product sales in 2017. There are 60,000 to 75,000 printing units in India. From the current turnover of US$ 11 billion, it is expected to clock US$ 20 billion by 2020.
Incorporated in 1982, AIPIA is a leading Association of SSI and Medium Scale plastic processing units and related interests in the country. As of now Associ-ation has 525 Life Members with a total registration of 1566 spread all over the country. Right from its inception, AIPIA has been one of the more active Associations of plastic processing industry which has been alive to the various areas of problems/concerns of the industry with regard to government duties, policy of raw – materials suppliers, etc. it has been actively following up with various agencies to obtain satisfactory resolution of industries multifarious problems.
IndianOil, the leader in the downstream petroleum business, launched it’s ‘PROPEL” range of petrochemical products.
India is amongst the fastest growing petrochemicals markets in the world. Taking this into consideration and to enhance its downstream integration, In-dianOil is focusing on increasing its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of cus-tomer base and innovative supply logistics.
Petrochemicals have been identified as a prime driver of future growth by In-dianOil. The Corporation is envisaging an investment of Rs 30,000 crore in the petrochemicals business in the next few years. These projects will utilise product streams from the existing refineries of IndianOil, thereby achieving better exploitation of the hydrocarbon value chain.
A Dubai based multi-national trade fair company, established with the aim of assisting companies to choose the right platform to build and grow their busi-ness. ‘Make the world home to the business community’ was the motto when this group of like-minded people with a cumulative experience of more than six decades came together to form the company.