A recent survey projected that the global plastics industry has witnessed a continuous shift of production bases to low-cost Asian countries. With increasing foreign investment and rise in the number of new manufacturing establishments in the region, Asia has become the largest and the fastest growing market for plastics in the world.
In particular, India has turned out to be a fertile ground for the packaging sector representing almost 60.0% that is expected to reach 10.0 million tonnes by 2020. On this score, China has posed quite a tough challenge. This is the scenario for the FMCG sector whose products solely rely on plastic based packaging of PET (polyethylene terephthalate) technology.
These trends have been a boon for plastic mold manufacturer since PET bottles, jars and allied containers with higher shelf value and attractive features have literally replaced glass and other materials. In this context, the user of the packaging facilities has to rely on a reliable and reputed manufacturer of molds such as the New Delhi-based Acme Dysis for solutions on a turnkey basis.