The Plastics Export Promotion Council (Plexconcil) has reported an 8% increase in exports during the financial year 2024–25, with total exports reaching US$ 12.5 billion, up from US$ 11.5 billion in 2023–24. This performance, the council said, underscores the sector’s rising global competitiveness, strong international demand, and expanding footprint across key markets, reinforcing India’s position as a leading global supplier of high-quality plastic products.
Strong performances across several key product categories drove the growth in India’s plastics exports in FY 2024–25. Plastic films and sheets saw a 15.9% rise, increasing from US$1,750 million to US$2,028 million, while FIBC, woven sacks, woven fabrics, and tarpaulin grew by 16% to reach US$1,571 million, up from US$1,355 million.
Floor coverings, leather cloth & laminates recorded a healthy 9.9% increase, totaling US$ 762 million compared to US$ 693 million in the previous fiscal year. India’s plastics export portfolio remains well-diversified, with key markets including the United States, China, the UAE, and Brazil.
“India’s plastics export sector has demonstrated remarkable performance, growing by 8% to reach US$ 12.5 billion in 2024-25,” Vikram Bhadauria, chairman of Plexconcil, said. “This growth is a testament to our industry’s innovation, adaptability, and strong global demand across diverse product categories and geographies.”
Looking ahead, the Indian plastics industry remains optimistic about untapped opportunities in Africa, Latin America, and the CIS region, where growing industrial activity and infrastructure development are expected to drive demand for Indian plastic products.
To further strengthen global competitiveness and expand market access, the sector is advocating for the early conclusion of key international trade agreements. It also includes a bilateral trade agreement (BTA) with the United States and free trade agreements (FTAs) with the United Kingdom and the European Union. These strategic partnerships are anticipated to significantly boost India’s export capabilities and unlock new avenues for growth.
“With expanding opportunities in emerging markets such as Africa, Latin America, and the CIS region, and with critical trade agreements on the horizon, we are confident in achieving our target of 12% export growth for 2025–26,” Sribash Dasmohapatra, executive director of Plexconcil, said. The future of India’s plastics exports looks strong and globally competitive.”
With a foundation built on innovation, resilience, and an expanding international footprint, India’s plastics industry is well-positioned to achieve a projected 12% growth in exports for FY 2025–26. Supported by strategic trade agreements and rising global demand, the sector is set to reinforce India’s role as a leading global hub for high-quality plastic products, the council said.
