Governor Sindh to inaugurate 5th PakPlas Expo’2019 today

Pakistan Plastic Manufacturing Association has organized the 5thPakPlas Expo’2019, to be held in Karachi Expo from 18thMarch. The delegation from china, Iran, Indonesia, Malaysia and other countries are expected to participate in this exhibition, which will be continued till 20th March.

It is likely that it will be inaugurated by Mr.Imran Ismail -Governor Sindh.

This exhibition is being organized by Pakistan Plastic Association to create awareness about new products in market and their usage. All plastic products will be provided to customers on Factory price.

According to association, the usage of plastic product is increasing day by day all over the world. The market of Pakistan has good potential to grow compared to Iran and Chinese.

“The plastics industry in Pakistan has taken great strides in quest for its success. Today plastics material constitutes as the fourth largest item of imports and this sector alone contributes significantly to the national exchequer in different heads. The industry is growing at an annual average of 15% and in the process of development it has surpassed all other industrial sectors. The per capita consumption in the country has also shown an upward trend during the last 15 years. Today the domestic consumption of plastics stands at 2.7 kgs, far less than the international average, yet Pakistan is the second largest domestic market in South East Asia after India. With the 175 million strong population of Pakistan growing at an annual rate of 2.2%, coupled with new foreign and local investment and the government policy advocating use of PP woven bags for industrial packaging”, a press statement says.

There is a tremendous scope for expansion in the plastics sector. As mentioned above the per capita consumption of plastics as compared with the neighboring and other regional countries, is still low, but again this low consumption level indicates that there is a lot of potential for this industry. For instance, the usage of plastics in auto industry has reversed the consumption trend. With due attention to enhance the productivity and improving quality through innovative technique, the exports of plastics auto parts, which was virtually unheard of in recent years, has become an export industry in Pakistan.

Plastic products, mainly in the form of household utensils and low quality toys, are being used in Pakistan even prior to its creation in 1947. However, from 1965 to 1975 there was a noticeable increase in the use of plastic when it became an integral part of our lives. Today, plastic constitutes the fourth largest item of import and this sector alone contributes significantly to the national exchequer in different heads. The industry is growing at an annual average of 15 per cent and in the process of development it has surpassed all other industrial sectors. Today, the domestic consumption of plastics stands at more than 2.7 kg, far less than the international average, yet Pakistan is the second largest domestic market in south-east Asia after India.

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