It is imperative that exporters

Diversifying into eco-friendly varieties and alternative product categories has become imperative for the plastic industry, finds a study. In the long term, the sustainability of plastic exports remains to be seen, finds Drip Capital.The Y-o-Y growth in plastics exports is expected to remain tepid at best, finds a report by Drip Capital. While MEIS has been replaced by RoDTEP, the rates have not been announced yet.Moreover, the small and medium exporters are reliant on export incentive schemes like MEIS for working capital needs. Diversifying into eco-friendly varieties and alternative product categories has become imperative for the plastic industry, finds a study.. Many countries such as France, China and Malaysia, have banned these plastic goods entirely, necessitating a shift towards other possibilities.Consumers and markets are increasingly seeking eco friendly alternatives to single-use plastics.In the midst of rising political and economic tensions globally, plastics could become a flashpoint for many trade conflicts.
The Y-o-Y growth in plastics exports is expected to remain tepid at best, finds a report by Drip Capital. Chennai: Notwithstanding the current growth trajectory, plastic https://www.bestpvcfloor.com/product/coil-commercial-pvc-flooring-roll-series/ exports are likely to see muted growth going ahead due to plastic import ban by different countries, US-China trade war and lingering working capital concerns. It is imperative that exporters and other stakeholders keep an eye on upcoming embargos/ restrictions, similar to the ones in place in Southeast Asia. The US-China trade war and the US’s removal of Generalised System of Preferences are creating uncertainty for the future of plastic exports