A Plastic Factory in Lahore is a place that manufactures plastic products and provides them to customers at competitive prices. Currently, there are several plastic factory companies in Pakistan that provide quality goods at affordable prices. They manufacture products such as plastic containers, bottles, jars, bags, and other plastic products.
Location of a Plastic Factory in Lahore
When planning to set up a plastic factory in Lahore, there are several considerations to take into account. The location of the factory will be an important factor, as will the overall size of the business.
One of the most important factors to consider is the number of plastic processors in the area. The industry is highly concentrated in the industrial hubs of Lahore, Karachi, and Gujranwala, as well as in various parts of Rawalpindi.
There are currently about 6000 plastics processors operating in Pakistan. These companies produce various products. However, the plastics industry has only recently started to grow. It is estimated that it contributes about 8 billion dollars to the national exchequer annually.
In recent years, the plastics industry has made major strides in terms of product quality. In particular, it has developed a reputation for producing high-quality packaging solutions for different markets. This has helped it become one of the most powerful brands in the country.
Plastic Packaging Expo is a unique exhibition that brings together innovative technologies and ground-breaking workflows, all with the aim of helping the country's industrial development. Moreover, it attracts decision makers from all over the industry sectors. Several exhibitors are expected to travel to the country to participate in the second exhibition in less than a year's time.
Structure of Plastics Processors in Pakistan
In the last 15 years, the plastics processors in Pakistan have grown at a very fast rate. There are over 6000 plastics processors in the country. The major concentration of plastics processors is in the industrial hubs of Karachi, Rawalpindi and Lahore.
The plastics industry in Pakistan has been one of the oldest industries in the country. It has made great strides in its quest to reach the international standards. Today, it has contributed around 8 billion rupees to the national exchequer. Moreover, it is growing at a rate of fifteen percent annually.
Plastics processors in Pakistan have benefited from cheap labour and the import of second hand machines. However, the government has been restrictive in the use of plastics machinery. Consequently, the plastics industry in the country grew haphazardly. Currently, there are approximately 600 to 700 medium-sized plastics processing units in the country.
During the 1990s, Pakistan's customs duty on plastics was 110 percent. This duty has since been reduced to twenty percent. However, the import of brand new plastics machinery was banned. Nevertheless, the local plastics industry has thrived despite this constraint.
Plastics are widely used in Pakistan for packaging, consumer goods and coatings. They are also widely used in the auto industry. Due to the huge demand, the price of these materials has decreased dramatically. As a result, the utilization of these materials has increased in the last 15 years.
Plastic Products Manufacturers in Pakistan Offer Quality Products at Competitive Prices
One of the oldest industrial sectors in the country, the plastics industry has made a name for itself and has grown to become one of the country's biggest exporters of plastic auto parts. According to the latest estimates, the local plastics industry contributes around 8 billion dollars to the national exchequer annually.
Moreover, the plastics industry has a lot of room for growth. There are currently 6,000 plastics processors in the country, of which about a quarter are SME's. The biggest concentration of plastics processors is in the industrial hubs of Karachi, Lahore and Gujranwala.
However, the plastics industry in Pakistan hasn't always been a smooth ride. During the early 1990's, the government placed a 110 percent customs duty on plastics. This stifled local production. In fact, the biggest plastics manufacturers were not even able to compete with cheap foreign labour. Consequently, a lot of the plastics that were produced in the 'old days' were low quality.
In the present, however, the wholesale plastic industry in Pakistan is making impressive strides in the quest to achieve global parity. Moreover, the plastics industry is also self-financed. With the latest technological advancements and innovations, the plastics industry in Pakistan has a lot of potential. It is important to note that the plastics industry isn't just for the export market; it is also a great source of employment for the local workforce.