Page 9 - Plastics News April 2023

The plastics industry in India is poised to experience a major transformation in the financial
year 2023-2024. This transformation is expected to be driven by a number of factors, including
increased investment in infrastructure, government initiatives, and technological advancements.

The government has identified the plastics industry as a key sector for economic growth and has
formulated policies and initiatives to facilitate its growth.

Furthermore, technology advancements are expected to play a major role in the transformation of
the plastics industry in India. New technologies such as 3D printing, nanotechnology, bioplastics,
robotics and automation are revolutionizing the plastics industry. 3D printing is allowing for the
rapid prototyping of parts and products while nanotechnology is enabling the development of
stronger and lighter materials.

Other than this, the plastic industry is increasingly adapting more organic ways of production and
manufacturing. Companies are now looking to use more natural, renewable, and biodegradable
materials in their products. Bioplastics made from renewable resources such as corn and
sugarcane, are replacing traditional petroleum-based plastics in many applications.

In the coming years, we can expect to see more advancements in bioplastics as well as other
new technologies such as self-healing plastics which can repair themselves after being damaged,
making them a great choice for products that may have to withstand a lot of wear-and-tear and
Shape memory plastics which can be programmed to return to their original shape after being
deformed, making them a great choice for products that need to be repeatedly reshaped or
customized.

We at AIPMA continuously trying to provide the services required to industry and help through
workshops/seminars to understand the methods and policies formed by government. Also, we
will try to keep you posted about the new advance technology and innovations introduced in
the market.

We would be glad to receive feedback from you all, AIPMA is always striving to serve you better.

Thankyou,

Rajiv B. Tolat
Hon. Editor
publication@aipma.net

PLASTICS NEWS 9
April 2023