Tag: Indian plastics market forecast

India: Polymer demand set to rise 50% to 42 mnt by FY’31

Oct 17, 2026

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by

Manvendra Chauhan

in Crude Oil, Naphtha, PET, Polyethylene, Polypropylene, Polystyrene, PTA, PVC, Recycled Plastics

Total polymer demand reaches 28.2 mnt in FY’25, growing 7.3% a year since FY’19 India accounts for 7.6% of global commodity polymer demand but only 4.8% of capacity India consumed 28.2 million tonnes (mnt) of polymers in Financial Year 2024-25 (FY25), according to the Plastindia Foundation’s Plastics Industry Status Report FY25. Demand has grown from…