The plastic industry in India has undergone a remarkable transformation since its inception in 1957, when it began producing polystyrene. India’s plastic sector has experienced substantial growth, making significant contributions to various sectors of the economy. This dynamic industry has flourished over time, providing employment opportunities for approximately 4 million people across 30,000 processing facilities.
This evolution has also left a profound impact on the real estate market nationwide, as the demand for industrial, commercial, and office spaces as well as R&D centres, continues to surge, ensuring the sustainable growth of the real estate sector in India. This article explores India’s top plastic companies that have played a crucial role in transforming this sector.
Business landscape in India
India, a swiftly growing economy, is poised to become the seventh-largest emerging market and developing economy (EMDC). Its robust GDP growth, expected to reach 7% by FY2023, beckons international businesses. Factors such as
- Government support,
- A vast and evolving market,
- Technological advancements,
- Cost-effective workforce,
- Flourishing sectors like—IT, EdTech, biotechnology, automotive, agriculture, food products, infrastructure, e-commerce, renewable energy, and tourism make India an attractive destination for foreign investors.
Top plastic companies in India
Astral Poly Technik
- Industry: Chemical, Engineering
- Sub Industry: Plastics, Rubber, Resins, Polymers, Machineries, Instruments
- Company Type: MNC
- Location: Off. S.G. Highway, Ahmedabad, Gujarat – 380059
- Founded: 1996
Astral Poly Technik, established in 1996, boasts 11 manufacturing facilities across four nations. It’s committed to producing cutting-edge solutions, including industrial pipes, agricultural pipes, fire sprinkler pipes, and more. Astral is renowned for manufacturing and distributing PVC pipes, chlorinated polyvinyl chloride (CPVC) piping, sanitaryware, faucets, and drainage and plumbing systems. Its extensive product applications range from plumbing to agriculture, making it a key player in India’s plastic industry.
Jain Irrigation Systems
- Industry: Chemical, Food, FMCG, Engineering, Agriculture, Horticulture, Agritech
- Sub Industry: Plastics, Rubber, Resins, Polymers, Processed Food, Food Grains, Machineries, Instruments, Agriculture, Horticulture
- Company Type: MNC
- Location: Bambhori, Jalgaon, Maharashtra – 425001
- Founded: 1986
Jain Irrigation Systems is a multifaceted MNC manufacturing a wide range of products, including drip and sprinkler irrigation systems, solar water pumps, plastic sheets, and more. With a global network spanning over 30 countries and 11,000+ dealers, Jain Irrigation Systems has become one of India’s leading plastic companies. It is the largest manufacturer of plastic pipes in India and is a significant player in micro-irrigation worldwide.
Kingfa Science & Technology India
- Industry: Chemical, Automobile, Auto Ancillaries, Electric Vehicle & Dealers
- Sub Industry: Plastics, Rubber, Resins, Polymers, Auto Ancillaries
- Company Type: MNC
- Location: Anna Salai, Chennai, Tamil Nadu – 600002
- Founded: 1983
Kingfa Science & Technology India is a global leader in modified plastics in various industries, including automotive and consumer products. It is renowned for producing high-quality Reinforced Polypropylene Compounds, Thermoplastics Elastomers, and Fibre Reinforced composites. The company has also diversified into personal protective essentials (PPEs) production during the COVID-19 pandemic, manufacturing facemasks that meet global specifications.
Kkalpana Industries
- Industry: Chemical
- Sub Industry: Plastics, Rubber, Resins, Polymers
- Company Type: MNC
- Location: Pretoria Street, Kolkata, West Bengal – 700071
- Founded: 1977
Kkalpana Industries started its journey in 1977, focusing on producing PVC compounds for the cable and shoe industries. Over the years, it expanded its product line to include XLPE based on silane and peroxide, NBR/PVC, zero halogen FRLS, and more. With an emphasis on compounding, Kkalpana Industries has grown to become the largest manufacturer of polymer compounds in India. Its commitment to quality and innovation is reflected in its diverse product portfolio.
Mayur Uniquoters
- Industry: Leather, Accessories
- Company Type: MNC
- Location: Jaipur-Sikar Road, Jaipur, Rajasthan – 302704
- Founded: 1994
Mayur Uniquoters, founded in 1994, is the preferred supplier of artificial leather. With a strong focus on product quality and innovation, the company serves various industries, including automotive, footwear, furnishing, and garments. Mayur Uniquoters has grown substantially, becoming India’s largest producer of faux leather. Its continuous expansion and dedication to customer satisfaction have earned it a place in the prestigious ‘Forbes Asia Top 200 under $1Bn enterprises.
Mold-Tek Packaging
- Industry: Courier, Logistics, Supply Chain, Packaging, Transport
- Sub Industry: Packaging-Material, Machinery
- Company Type: MNC
- Location: Jubilee Hills, Hyderabad, Telangana – 500033
- Founded: 1986
Founded in 1986, Mold-Tek Packaging is one of India’s most prominent rigid plastic packaging industry players. With seven processing facilities, it manufactures injection-moulded containers for lubricants, paints, foods, and more. Mold-Tek Packaging is known for its innovative approach, introducing spouts and In-Mold label decoration. It has established itself as a leader in the packaging sector, emphasising quality and backward integration. It provides solutions for the Food & FMCG, Paint, and lubricant sectors.
Nilkamal
- Industry: Wood, Plastic Furniture, Fixtures, Fittings
- Company Type: MNC
- Location: Andheri-East, Mumbai, Maharashtra – 400093
- Founded: 1981
Nilkamal, established in 1981, has become a household name in India. Headquartered in Mumbai, the company specialises in custom plastic mouldings, plastic furniture, crates, and containers. With manufacturing facilities across India, Nilkamal is the largest manufacturer of furniture made from moulded plastic globally. It focuses on values like quality, diligence, creativity, and customer sensitivity, with a presence in over 30 countries.
Plastiblends India
- Industry: Chemical
- Sub Industry: Plastics, Rubber, Resins, Polymers
- Company Type: MNC
- Location: Opp. City Mall, Andheri West, Mumbai, Maharashtra – 400053
- Founded: 1991
Plastiblends India is a leading masterbatch manufacturer for the plastic processing industry, exporting to more than 40 countries. Part of the Kolsite Group of Companies, it was founded in 1991 and went public in 1992. The company produces high-quality Colour and additive Masterbatches and thermoplastic Compounds. Its extensive production capacity and global reach make it a significant player in India’s plastic manufacturing landscape.
Responsive Industries
- Industry: Wood, Plastic Furniture, Fixtures, Fittings
- Company Type: MNC
- Location: Colaba, Mumbai, Maharashtra – 400001
- Founded: 1982
Responsive Industries is a renowned global manufacturer specialising in polyvinyl chloride (PVC) based products. With a robust domestic capacity in PVC flooring and artificial leather cloth segments, Responsive Industries has become a leader in the vinyl flooring industry. The company’s product range includes PVC flooring and artificial leather cloth, serving diverse industries such as healthcare, hospitality, transportation, IT and telecom, retail, education, sports infrastructure, and real estate. Responsive Industries’s commitment to quality and innovation has earned it a significant global presence, exporting its products to over 65 countries.
Safari Industries India
- Industry: Leather, Accessories
- Company Type: MNC
- Location: Marol, Andheri (East), Mumbai, Maharashtra – 400059
- Founded: 1974
Safari Industries India has been a pioneer in the manufacturing and marketing of luggage and luggage accessories since its establishment in 1974. Based in Mumbai, Safari Industries primarily manufactures and markets luggage and accessories. Its product portfolio encompasses hard luggage cases, soft luggage cases, backpacks, laptop bags, and various travel accessories. The company’s commitment to quality and innovation has earned it a strong presence in domestic and international markets. With brands like Safari, Genius, Genie, and Magnum, it continues to make it a top choice for travellers.
Supreme Industries
- Industry: Chemical, Wood, Plastic Furniture, Fixtures, Fittings
- Sub Industry: Plastics, Rubber, Resins, Polymers
- Company Type: MNC
- Location: Guru Hargovindji Marg, Mumbai, Maharashtra – 400093
- Founded: 1942
Supreme Industries is one of India’s most prominent plastic processors. The company offers various products, including industrial and engineering moulded furniture, storage and material handling crates, PVC pipes and fittings, packaging films, and more. Supreme Industries plays a pivotal role in shaping India’s plastic industry, serving diverse sectors and maintaining a strong focus on quality and innovation.
VIP Industries
- Industry: Consumer Durables, Home Appliances, Leather, Accessories
- Sub Industry: Consumer Goods
- Company Type: MNC
- Location: Old Prabhadevi Road, Mumbai, Maharashtra – 400025
- Founded: 1971
VIP Industries, established in 1971, has made a name for itself in manufacturing plastic moulded suitcases, vanity cases, handbags, briefcases, and luggage. With brands like Carlton, VIP Bags, Skybags, and Caprese, VIP Industries has captured the market with a wide range of luggage categories. The company operates through a vast network of over 8,000 retail outlets across India and approximately 30 countries worldwide. VIP Industries focuses on innovation and delivering quality travel solutions, making it a prominent player in the luggage industry.
Wim Plast (Cello)
- Industry: Wood, Plastic Furniture, Fixtures, Fittings
- Company Type: MNC
- Location: Sonawala Road, Goregaon (E), Mumbai, Maharashtra – 400063
- Founded: 1988
Wim Plast, part of the ‘Cello’ group, has evolved into one of India’s top plastic companies since its inception in 1988. This Mumbai-based company is known for its durable plastic furniture and household products sold under “Cello.” Its product range includes plastic furniture, moulded ball pens, thermoware products, and material handling products. With a strong presence in household cleaning goods, kitchen appliances, and glass houseware, Wim Plast continues to innovate and contribute to India’s plastic industry.
Commercial real estate demand in India
Office space: The burgeoning plastic sector’s demand for office space has catalysed a transformation in India’s commercial real estate. The need for specialised work environments has sparked the development of innovative office complexes and business hubs.
Rental property: As plastic companies thrive, the market has followed suit. This growth has not only boosted property owners’ earnings but has also led to competitive rental rates and increased property values.
Impact: The influence of these firms extends beyond office spaces, with developers increasingly focusing on a blend of different projects. These endeavours blend commercial, residential, and retail spaces, actively contributing to India’s developmental goals while influencing the nation’s real estate market dynamics.
Impact of plastic companies in India
The impact of plastic companies in India has been substantial. These companies have driven economic growth by providing employment opportunities and contributing to manufacturing. However, they also face scrutiny due to environmental concerns related to plastic pollution. Efforts are being made to address these concerns through innovation in sustainable materials and recycling initiatives. Balancing economic benefits with environmental responsibility is a critical challenge for plastic companies in India.
FAQs
What are some prominent plastic companies in India?
Prominent plastic companies in India include: Astral Poly Technik Jain Irrigation Systems Nilkamal Plastiblends India Responsive Industries Safari Industries Supreme Industries VIP Industries Wim Plast (Cello)
What types of plastic products do Indian companies manufacture?
Indian plastic companies manufacture a wide range of products, including Packaging materials, Pipes, Sheets, Moulded products.
Do Indian plastic companies focus on sustainable and eco-friendly products?
Yes, many Indian plastic companies are increasingly focusing on sustainable and eco-friendly plastic products.
Which Indian plastic company specialises in agricultural products like drip irrigation systems?
Jain Irrigation specialises in agricultural products, including drip irrigation systems.
What measures are Indian plastic companies taking to address environmental concerns?
Indian plastic companies are adopting recycling and waste management initiatives to address environmental concerns.
How does the plastic industry contribute to India’s economy?
The plastic industry significantly contributes to a country’s GDP, providing employment and supporting various sectors like agriculture, healthcare, and packaging.
What are the challenges faced by the Indian plastic industry?
Challenges faced by the Indian plastic industry includes: Managing plastic waste Addressing environmental concerns Adapting to changing regulations for sustainable plastic production.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
