Plastic is the best packaging material in Pakistan. Plastic manufacturing companies in Pakistan have exported their products to foreign countries. International exhibitions in Pakistan are also held for the plastic industry.
Structure of the Plastics Industry in Pakistan
The plastics industry in Pakistan is a large and growing sector. However, it faces many challenges, including lack of biodegradability and high material costs. There are also uncertainties over trade agreements and tariffs. The industry is highly competitive. In addition, it is experiencing swings in resin pricing. These challenges are expected to continue. As the industry evolves, it will have to implement a strategy for the future.
Despite these challenges, the industry is gaining popularity. In fact, it has experienced 15% annual growth. Moreover, there is a growing public demand for sustainable production processes. In addition, there is a need for creative solutions to mitigate plastic waste. The industry needs to improve the recycling rates of plastic waste.
A holistic approach to plastic pollution is important for the development of a fair society. In this regard, Pakistan is committed to systemic and innovative plastic leakage solutions. The plastics industry in Pakistan has 600 - 700 medium sized plastic processing units. These units produce polymer materials, services, and products.
Plastic Is the Best Packaging Material in Pakistan
Plastic is one of the most useful packaging materials in Pakistan. It's durable, lightweight, waterproof and can even protect food products from the sun. It is inexpensive and can be recycled after use. In Pakistan, plastic waste is one of the biggest contributors to the country's environmental degradation. Approximately nine percent of the nation's solid waste is plastic. It's also one of the leading sources of marine pollution.
The government in Pakistan is working to address this issue. It has developed a five-year plan to curb the amount of plastic waste it produces. They are planning to increase the re-use of waste, and to develop operational strategies for plastic waste management.
In order to measure its success, the government has launched the Clean Green Pakistan Index (CGPI). It comprises 35 performance indicators and was designed with the help of municipalities. In particular, the index seeks to boost civic amenities and improve sanitation services in the country. Another innovation is the ICT-based champions program, which helps cities record their voluntary actions. It is also a good way for people to get involved.
Exports of Plastics Auto Parts to Foreign Countries
Plastics and rubber products play an important role in the auto industry. The use of these materials has helped reduce the weight of vehicles by as much as 30 percent. These materials also contribute significantly to the national exchequer.
The first plastics exhibition in Pakistan was held last year in May. More and more exhibitors are coming to the country for the second edition of the show in the next few months.
The plastic factory in Lahore has come a long way. There are about 6,000 plastics processors operating in the country, including the two major hubs of Lahore and Rawalpindi. The government is taking measures to promote the country's exports and establish industrial parks. It is also examining ways to recycle post-consumer waste.
The industry has a lot to offer to international players. It has made some big steps in recent years to bring local products to the same standard as their international counterparts. This is evident from the number of foreign manufacturers exhibiting at the inaugural plastics exhibition.
International Plastics Exhibitions in Pakistan
International plastics exhibitions in Pakistan are gaining momentum as more and more exhibitors are coming to the country to participate in the event. The government of the country has adopted a liberal investment policy that encourages foreign direct investment in certain sectors. As a result, the private sector has exhibited tremendous growth in recent years.
The plastics industry in Pakistan has been one of the oldest industries in the country. However, the industry was poorly organized and produced low quality products. Despite the lack of proper organization, the industry has made huge strides in the last few decades. It is now able to produce a wide range of quality products for international markets. The industry contributes to the nation's exchequer through custom duty, sales tax and income tax.
The wholesale plastics industry in Pakistan is divided into two groups. The organized industry comprises of about 600-650 units. It produces a variety of goods including toys, cosmetics, food packaging, furniture, etc. It has a total production capacity of 624,200 M/T per year.