KARACHI: The 10th International Plastic Printing and Packaging Industry and International Food Equipment and Technology Exhibition concluded successfully at Karachi Expo Centre by FAKT Exhibitions Pakistan.
Exhibitors from all over Pakistan participated at this event along with foreign companies from Austria, China, India, France, Germany, Iran, Italy, Japan, Korea, Switzerland, Taiwan, Turkey and UAE, UK, USA etc. All these companies are utilizing this platform to promote sales of their machinery products and also employ local agents. International Plastic Printing and Packing Exhibition will function as a catalyst to bring together consumer and manufacturers of plastic products.
Chief Executive Officer, FAKT Exhibitions, Saleem Khan Tanoli, said that Plastic Printing and Packaging Industrial expo was 10th annual exhibition without government support.
He demanded the government to give the exhibitions sector status of industry and patronize it. He said exhibitions create soft image of Pakistan globally as number of intentional exhibitors were participating in this expo will bring the more foreign visitors to Pakistan when they will return back to their native countries.
According to international study, the global plastics industry has recorded average annual growth of 9% since 1950. In the past 30 years alone, international plastics production has grown by more than 500%. Global plastics consumption is forecast to grow five per cent per annum for the period 2007 through 2015. In actual production terms, this represents an overall global production level of 330 million tonnes by 2015.
With per capita consumption of only 3.5 kg in the eastern region against all India per capita consumption of 8 Kg and worldwide average of 30 kg, Eastern India offers an excellent opportunity for growth of the plastic processing industry.
Rising demand from emerging economies is set to stimulate average annual global requirements for plastics by over five per cent, and oil-producing countries of the region are well positioned to grab a bigger share of the market.