PlastIndia 2023

Our team recently went to Plastindia 2023, the biggest trade show in India that features suppliers of raw materials, equipment, and components. The major trends include sustainability and lightweightedness, among others, which were quite visible across major raw material suppliers. Many companies are investing in downstream polymers while also accounting for sustainability as a major factor. A few foreign-based companies that have been in the Indian market for a long time do not seem to have major investments for business expansion, and it can be due to macro trends and global uncertainties. On the other hand, the players, who are relatively new to the Indian market, are investing to gain market share.

Overall, the outlook for India among companies is positive, and they are quite excited about either local production or exploring India as a sales base.