Plastics processing industries have grown dramatically over the past years and there are now several plastic factories in Lahore. These businesses are not only producing the parts that are used in the manufacturing of auto parts, but are also exporting these items to other countries.
Location of the Plastic Factory
The location of the plastic factory in Lahore is no doubt an important consideration when it comes to planning a new business venture. There are several factors to consider, including the local weather conditions and the area's overall economic health. As with any other type of business, knowing the right information upfront can help you avoid a lot of unnecessary confusion and wasted time later. In this article we'll take a look at the city's best bets.
Although the city's industrial sector is in decline, the local plastic industry is enjoying a revival. According to the Pakistan Trade and Investment Organization, the country's plastics and polymers industry has become one of the largest in the world, generating over $8 billion annually. This is mainly thanks to the government's policy recommending the use of PP woven bags for industrial packaging.
In addition to the industry's traditional players, a new breed of entrepreneurs is taking advantage of the city's low cost of living and convenient transportation options. To find out more, check out their website or give them a call. You may even be lucky enough to get in on the action before it's too late!
While it may be hard to compete with other countries in terms of size, Pakistan's plastics industry has some serious competition in the form of foreign imports. It's estimated that more than 6000 plastics processors are operating in the country. A large number of them operate in the industrial hubs of Karachi, Rawalpindi and Gujranwala. However, despite the relative success of the sector, the overall market is not what it once was.
Structure of the Plastics Processors in Pakistan
Pakistan has a significant number of plastics processors. This industry has been growing at a rapid pace. Currently, there are more than 600 medium sized plastic processing units in the country. The major concentration of plastics processors is in industrial hubs of Karachi and Rawalpindi.
There is a tremendous potential for the plastics industry in the country. The plastics industry in Pakistan contributes about eight billion dollars to the national exchequer annually. Plastics are used in a variety of applications including packaging, consumer goods, and coatings.
The plastics industry in Pakistan is characterized by a high level of self-financing. Moreover, the industry is largely SME-led. In addition, it has a strong presence in industrial hubs of Lahore and Gujranwala.
Several factors have impacted the growth of the plastics industry in the country. Among them are government policy and cheap labor. During the early 1990s, the customs duty on plastics was 110 %. Consequently, the import of brand new plastic machines was restricted. However, this ban was lifted in 1984.
Despite the government's policy to curb the usage of plastics machinery, the plastics industry in Pakistan has flourished. It has become the fourth largest item in imports. Moreover, it has been the fastest growing sector.
In addition, the plastics sector has a great deal to showcase to international plastics players. For instance, the Pakistan Plastics Machinery Association has worked hard to promote the industry in the country. The association also offers regulatory support.
Exports of Plastics Auto Parts to Other Countries
The plastic auto parts industry of Pakistan has grown into a major exporter of its own. This is not to mention the massive contribution of the sector to the national exchequer. In the past the plastics industry was a cottage industry, producing household utensils on hand molding machines. Today, there are 6000 plastics processors operating in the country.
Aside from the usual suspects, the plastic auto parts industry of Pakistan has a lot to offer the global plastics community. Some of the best plastics and resins in the world are produced in Pakistan. There are many reasons for this, not the least of which is the cheap labor and cheap land available for redevelopment.
What's more, the government of Pakistan has taken measures to promote this booming industry by putting in place a few smart policies. For example, the government is proposing a mandatory use of PP woven bags for industrial packaging.
While the wholesale plastic industry of Pakistan is not without its problems, it's certainly on the upswing. It's got plenty of scope for expansion. One of the best places to start is in the northern part of the country. With the right kind of attention, this could turn into a powerhouse. If the country can manage to produce and distribute high quality plastics in a sustainable manner, it could be a real force to be reckoned with.