Top 10 Best Plastic Manufacturing Companies In India In 2022
Top 10 Best Plastic Manufacturing Companies In India In 2022
Plastics are a large group of polymer-based synthetic or semi-synthetic materials. Due to their fluidity, plastics can be moulded, extruded, or pressed into solid objects of many shapes. Plastic items are used in almost everything in our daily lives. Its broad use is due to its adaptability and a variety of qualities; Plastic is utilized in nearly every industry, including packaging, construction, textiles, consumer goods, transportation, electrical and electronic equipment, and industrial machinery like being lightweight, robust, flexible, and cost-effective to produce. Plastics are manufactured using human industrial systems.
Most modern plastics are created from fossil fuel-based compounds like natural gas or petroleum; but newer industrial approaches utilize renewable materials like corn or cotton derivatives.
Introduction to India’s Plastic Industry
In 1957, India’s plastic industry got off to a promising start with the manufacturing of polystyrene. Significant progress was made, the industry flourished and diversified swiftly. The industry employs more than 2,000 exporters across the country. It has approximately 30,000 processing units and employs over 4 million people, with 85-90 per cent+ of them being small and medium-sized firms.
In July 2021, India exported plastics raw material worth US$ 352.04 million, with a total export of US$ 1.57 billion from April to July 2021.
From April to August 2021, total plastics raw material exports amounted upto US$ 1.57 billion.
India exported $3.29 billion worth of plastics raw materials in FY21.
From April through August 2021, total plastic and linoleum exports amounted to US$ 4.15 billion, with US$ 754.37 million for August 2021.
In FY21, total plastic and linoleum exports amounted to US$ 7.45 billion, with US$ 719.15 million in March 2021.
India’s plastic and linoleum exports amounted to $7.55 billion in FY20. Plastic sheets, films, and plates exports totaled to US$ 1.53 billion in FY21, while packaging material exports accumulated US$ 863.62 million.
The Indian plastics industry produces and exports a range of raw materials, plastic-moulded extruded goods, polyester films, moulded/soft luggage items, writing instruments, plastic woven sacks and bags, polyvinyl chloride (PVC), leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/medical-surgical ware, tarpaulins, laminates, fishnets, travel ware.
The Indian plastics industry manufactures and exports a range of raw materials, plastic-moulded extruded goods, polyester films, moulded/soft luggage items, writing instruments, plastic woven sacks and bags, polyvinyl chloride (PVC), leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/medical-surgical ware, tarpaulins, laminates, fishnets, travel ware. It has the support of many polymer manufacturers, plastic processing equipment makers, and mold manufacturers.
One of the major benefits of the sector is the availability of raw materials in the country. As a result, plastic processors are no longer reliant on imports. Domestically produced raw materials include polypropylene, high-density polyethene, low-density polyethene, and PVC.
The Department of Chemicals and Petrochemicals has approved 10 Plastic Parks in the country, out of which six parks have been given final approval in the below states:
- Assam (1 nos.)
- Madhya Pradesh (2 nos.)
- Odisha (1 nos.)
- Tamil Nadu (1 nos.)
- Jharkhand (1 nos.)
The Detailed Project Reports that two Plastic Parks in Uttarakhand and Chhattisgarh are being evaluated, and a proposal for the establishment of two new Plastic Parks is in the works.
These Plastic Parks will aid in achieving environmentally sustainable growth.
Plastics Export Promotion Council is a non-profit organisation that promotes export.
The Plastics Export Promotion Council (PLEXCONCIL) is the central government authority in charge of plastic export promotion. The PLEXCONCIL include big, medium, and small-scale manufacturers and exporters. The council assists exporters by attending international trade shows, researching new markets, hosting buyer-seller meetings in India and abroad, and engaging in other promotion and need-based initiatives.
The Top 10 Plastic Manufacturing Companies in India in 2022 are listed below.
1. Supreme Industries Ltd.
Supreme Industries Limited is a Mumbai-based Indian plastics firm. It processes around 320,000 tonnes of polymers each year. Industrial and engineering moulded furniture, storage and material handling crates, multi-layer sheets, packaging films, expanded polyethene foam, PVC pipes and fittings, moulded furniture, sataranj and mats are all manufactured by the company.
Supreme is a pioneer in India’s plastics business, founded in 1942. The country’s top plastics processors, with annual quantities of over 3,50,000 tonnes of polymers, are effectively the country’s largest.
Not unexpectedly, they have India’s largest and most complete selection of plastic products.
Its 25 innovative plants are powered by world-class technology and complement its R&D and new product development facilities. Supreme is credited with inventing items in India. Cross-Laminated Films, HMHD Films, Multilayer Films, SWR Piping Systems, and others are some of them.
Supreme Industries Limited is India’s leading plastic processing corporation with seven business divisions. Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding, and other plastic processing methods have all been explored by the company.
Supreme Industries Limited specialises in Moulded Furniture, Storage & Material Handling Products, XF Films & Products, Performance Films, Industrial Moulded Products, Protective Packaging Products, Composite Plastic Products, Plastic Piping Systems, and Petrochemicals.
The Supreme Group’s revenue will reach Rs.125 billion in 2020-2021. (USD 2billion).
2. Astral Pipes Ltd.
In 1996, Astral Pipes was founded to produce plumbing and drainage systems in India. They now serve the requirements of millions of households and contribute value to India’s burgeoning real estate industry by providing unrivalled quality.
Astral Pipes aspires to be a global, high-performing organization that provides quality goods and services to its customers while achieving industry leadership.
Their ideals strive to create a creative, high-performance organization dedicated to supplying customers with high-quality products.
3. Jain Irrigation Systems Ltd.
Jain Irrigation Systems, or Jains, is an Indian global business headquartered in Jalgaon. It has 33 manufacturing locations across the world and employs over 12,000 people, and has 11,000 dealers and distributors.
Drip and sprinkler irrigation systems and components, integrated irrigation automation systems for monitoring and control, dosing systems, PVC and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar power, solar water-heating systems, solar water pumps, turnkey biogas plants, photovoltaic systems, and tissue culture plants are some of the products it develops, manufactures, supports, and sells. Dehydrated vegetables, spices, concentrated & frozen fruits, and pulp are all processed by JISL. It offers turnkey projects and agronomical support. As of 2015, the company was ranked 7th on Fortune’s ‘Change the World’ list.
After merging with other Jain Group companies, like Jain Plastic & Chemicals Ltd., Jain Kemira Fertilizers Ltd., Jain Rahan Biotech Ltd., Jain Brothers Industries, Anubhuti School, and Jain Pipe, Jain Irrigation Systems Ltd. was formed. Jain began to buy businesses to extend its market share. After a series of acquisitions, it is now the world’s second-largest irrigation company and third-largest dehydrated onion manufacturer.
JISL then bought Tera Agro Technologies and Parle-Bisleri Pvt. Ltd.’s mango-processing subsidiary, both of which are based in India. After this and its acquisitions, JISL became India’s largest fruit and vegetable processor and the world’s largest mango pulp processor in the organised sector.
4. Responsive Industries Ltd.
Responsive Industries Ltd. is India’s largest producer of resilient vinyl flooring, SPC, LVT, and synthetic leather. They are PVC industry veterans with over 30 years of expertise, a 100-acre plant, and export to more than 65 countries. Responsive Industries is a very popular plastic manufacturer in India due to its quality and material.
RANGES OF SPC & LVT: IMPACT®, their newest collection of SPC and LVT planks and tiles, is available in magnificent wood and stone patterns for use in households, retail stores, workplaces, and hospitality centres. SPC is a waterproof product with great interlocking technology that does not require adhesive or subflooring. IMPACT® is a popular choice due to its durability and long lifespan. Homogeneous, Anti-slip Safety, Sports grade, Antistatic and Conductive, and Multi-Layered Heterogeneous flooring are all available from RESILIENT VINYL FLOORING.
Healthcare institutions, Sports & Education centres, Safety & Transportation segments, Static Control requirements, Retail, Offices, and Industrial sectors are some of the industries that Responsive Industries serve.
Synthetic leather cloth: With over 105 series, 50+ colours and embosses, and applications in Upholstery, Automotive, Transportation, Footwear, and Multipurpose Accessories, Responsive Industries have a large synthetic leather offering.
CERTIFICATIONS: Floor Score, ASTM, and EN certifications are available for our vinyl flooring. All of their goods are CE marked, and ISO certified according to ISO 9001, 14001, and 18001 standards.
5. Mayur Uniquoters Ltd
Mayur Uniquoters Limited was founded in 1994 to become the most desired supplier of fake leather.
Mayur Uniquoters Limited is India’s largest artificial leather/PVC vinyl manufacturer, employing the ‘Release Paper Transfer Coating Technology.’ Mayur’s four state-of-the-art Italian coating lines have helped the company grow from a measly 0.25 million linear metres per month to an incredible 1.85 million linear metres per month in the last two decades.
From January 2014 to January 2015, the 5th and 6th Italian Coating Lines would be built and operating in our second unit, bringing the monthly capacity to 2.45 million linear metres and eventually to 3.05 million linear metres. Compared to the current capacity of 1.85 million linear metres per month, the total increase in monthly manufacturing capacity would be around 65 percent.
The organisation’s guiding principles have always been client satisfaction and progressive thinking. This guiding philosophy has become part of the company’s culture, ensuring that both internal and external consumers are happy.
To create value for Customers, Suppliers, Employees, Shareholders, Statutory & Regulatory Bodies, and Society by continuously improving all of their processes and fostering an innovative culture within the organization.
Mayur’s values have been weaved around 7 components present in all of the company’s actions.
- Being Sensitive
6. Nilkamal Ltd.
Nilkamal Ltd, situated in Mumbai, India, manufactures plastic items. It is Asia’s largest processor of plastic moulded products and the world’s largest manufacturer of moulded furniture. Custom plastic mouldings, plastic furniture, boxes, and containers are the majority of their offerings. Under the @home name, the corporation operates a chain of retail locations.
Creamer Plastic was the name given to Nilkamal when it was founded on December 5, 1985. On August 23, 1990, the company changed its name to Nilkamal Plastic. In the year 2004, the company was renamed Nilkamal Ltd. Samba, Greater Noida, Pondicherry, Barjora, Sinnar, Nashik, and Silvassa are some of the company’s manufacturing locations.
In Bangladesh (Nilkamal Padma Plastics) and Sri Lanka (Nilkamal Padma Plastics), the company operates joint production ventures (Nilkamal Eswaran Plastics). With manufacturing sites in Hosur and Dankuni, the company began producing mattresses in 2011.
The company revealed in September 2017 that they had agreed to become a co-sponsor of Mohun Bagan A.C from July 2018 to July 2019.
The sponsorship agreement with Nilkamal Limited was signed for a total of 20 million rupees (2 crores) and will run through the end of the season.
7. VIP Industries Ltd.
VIP Industries manufactures luggage and travel accessories and is India’s largest luggage manufacturer. It is the world’s second-biggest and Asia’s largest luggage manufacturer, with headquarters in India. The company operates over 8,000 retail shops in India and has a global network of more than 50 nations. In 2004, it bought Carlton, a luggage company based in the United Kingdom.
The company’s beginnings can be traced back to 1971. Since then, the company has sold over 100 million pieces of baggage worldwide. Aristo Plast VIP Industries was the company’s previous name, founded in 1968. Blow Plast Retail Limited V.I.P. Industries Bangladesh Private Limited V.I.P. Industries BD Manufacturing Private Limited and V.I.P. Luggage BD Private Limited were the two wholly-owned subsidiaries of the corporation.
As of March 31, 2019, the company had one wholly-owned subsidiary in India and four subsidiaries in other countries.
The company has a lot of known brands that we are aware of, and it helps in the company’s popularity and goodwill.
These brands include:
- VIP Bags
8. Wim Plast Ltd.
Wim Plast (WPL), founded in October 1988 as a private limited business by the Cello and M G Shah firms, was transformed into a public limited company in July 1993. In August 1994, WPL issued its IPO to help finance a project in Daman to produce 2020 tpa of injection-moulded plastic furniture like chairs and tables. According to IDBI, the project’s cost is projected to be Rs 10.85 crore. From December 1, 1994, the company began commercial production.
It will promote its products under the Cello brand, well-known and well-liked. Under the EPCG plan, with an export requirement, the company imported moulds from Italy at a reduced customs duty. Customers increasingly accept the company’s offerings, as seen by the early market response. It raised its installed capacity for Plastic Moulded Articles from 7810 MT to 11489 MT in 1998-99.
It has bought four extra injection moulding equipment from the local market and seven additional chairs and teapoy moulds from the foreign market. The Company’s new Daman unit-3 started up successfully in December 1999. M/s National Plasto Products Pvt Ltd. Calcutta has partnered with the company to produce Cello brand moulded furniture. The company has opted to establish a joint venture in Bangladesh called Cello-GQ Industries Ltd, which would manufacture and distribute the company’s plastic moulded furniture.
9. Arrow Coated Products Ltd.
The Patel Group, which has been in the packaging and printing machine business since 1960, founded Arrow Coated Products as a public limited company in October 1992. In April of 1994, the company issued its first IPO to help fund a project in Silvassa and Ankleshwar to manufacture stamping foil with a capacity of 145 lac sq mtr per year.
The company acquired the assets of the Rishil Exports group in November 1993. It leased Patel Paper Products, another company in the group. It bought the two companies in Ankleshwar that manufacture hot stamping foil. It is currently constructing a new factory at Silvassa. In November 1993, it began commercial production at the purchased factories.
For hot stamping foil production, the company has a technological partnership with the Foilmark US. It has a ten-year buy-back agreement with the collaborator for 30% of the stock. In 1994-95, Arro partnered with Esselte Meto, a 270-year-old German company, to manufacture and maintain self-adhesive price labels, including bar-code labels, security labels, and computer stationery.
10. Kingfa Science & Technology Ltd.
Kingfa is a leading provider of sophisticated materials around the world. Kingfa creates new solutions for safer and convenient living through research, manufacturing, sales, and services of novel materials.
Their R&D and production bases are located in regions like South Asia, North America, and Europe, headquartered in Guangzhou Science City. Modified plastics, fully biodegradable plastics, high-performance carbon fibre and composite materials, speciality engineering plastics, light hydrocarbons and hydrogen energy, and medical and healthcare polymer materials are some of the six categories covered by Kingfa’s products, all of which have their intellectual property rights.
Kingfa’s materials are exported to over 130 countries and regions, serving over 1,000 well-known industries throughout the world, thanks to their environmental friendliness and high performance.
Kingfa is dedicated to resolving the world’s growing environmental concerns. They are committed to implementing sustainable development concepts in order to achieve a balance of economic, environmental, and social sustainability.