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Per capita consumption of plastic products is expected to increase

Views:1     Author:Site Editor     Publish Time: 2020-03-06      Origin:Site

A report released by the Indian Plastics Foundation states that with the increase in automotive plastics, consumer packaging and government infrastructure investment, per capita consumption in the Indian plastics industry is expected to double in the next five years.
  
India's per capita plastic consumption-estimated at 9.7 kg in 2012-13-is much lower than the US's 109 kg and China's 45 kg.
  
But the plastics industry will benefit from India's rising per capita income, rising consumer spending and modernization, especially in urban areas.
  
The Indian Plastics Foundation estimates that India ’s polymer demand will increase from 11 million tons in 2012-13 to 16.5 million tons in 2016-17, driving a 10.8% compound annual growth in plastic consumption.
  
The report states that India is expected to rank among the top 10 packaging consumer countries in the world by 2016, with total demand expected to reach US $ 24 billion.
  
As production of Riesling white wine declined, German wine production fell by 6.5% to its lowest level in three years. German wine production in 2013 is estimated at about 849 million liters.
  
In Rhineland-Palatinate, Germany's largest wine-growing region, the temperature of May was lower than usual, the grape flowering period was delayed, and fruit set was affected, resulting in a decline in yield.
  
The production of white wines such as Riesling, Millertoga, and Siwani fell from 555 million liters in 2012 to 524 million liters. Riesling wine production fell from 198 million liters to 164 million liters.
  
Red wine production fell from 353 million liters to 325 million liters. German red wine varieties include Pinot Noir (locally known as Spaetburgunder) and Dornfelder.
  
Conclusion:
  
At present, urbanization and globalization have become the trend of social development, and this trend is closely related to the development of industries such as the energy industry, construction, and real estate. And the application of plastics in these industries is very extensive. Therefore, the development of these industries in the future will drive the growth of global plastic demand. By 2015, the global plastics market will continue to grow at an average annual rate of 5%. Among them, Asia will become the fastest growing region for plastics in the world.
  
In recent years, China's plastic consumption has grown rapidly, but because China's plastic products are relatively backward in terms of production technology and their capacity in the high-end plastic products field is relatively small, the scope of China's plastics has been limited. In China, the amount of plastic used in the automotive field is only half that of Europe, and the use of some high-end engineering plastics is even lower. It can be seen that there is still a large gap between the application of plastics in China and developed countries, so that the current per capita plastic consumption in China still has a large gap compared with developed countries in the world.
  
Therefore, China's plastics industry needs to increase technology investment, improve technology to meet the needs of domestic consumers and related fields, and further narrow the gap with developed countries.

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