KARACHI: In Pakistan there are immense opportunities in plastic industry, which is a thriving sector, as in the past 30 years international plastics production has grown by more than 500%, said speakers at the 10th International Plastic, Printing & Packaging Industry Exhibition 2014 began at Expo Centre Karachi on Tuesday.
The three-day exhibition was organized by FAKT Exhibitions, a leading trade exhibition organization company of Pakistan.
The event is hosting over 200 exhibitors from around 20 countries. Exhibitors from all over Pakistan are participating at this event along with foreign companies from Austria, China, India, France, Germany, Iran, Italy, Japan, Korea, Switzerland, Taiwan, Turkey, UAE, UK, USA etc.
Talking to media on the occasion of inauguration ceremony, CEO, FAKT Exhibitions Saleem Khan Tanoli said that there was noticeable participation from foreign companies and this event would prove an ideal platform to explore the potential in Pakistani market.
He said that various companies were displaying machineries including injection moulding, extrusion, blow moulding and rotational moulding, plastic packaging machinery & food technology, equipment & services.
He said that most of the machines being introduced in the exhibition were very economical in term of energy consuming and would save up to 60% power so they were very useful for Pakistan as the country was facing energy crises.
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 tons by 2015.