India Plastic Tenders

The Indian plastic and rubber market is a booming sector, projected to reach a value of US$54.61 billion in 2023 and expected to grow at a CAGR of 4.04% until 2028. This growth is fueled by the increasing demand from various end-use industries like packaging, automotive, and construction.

The Indian government plays a significant role in the plastic and rubber market through its procurement activities. The value of government procurement in this sector is expected to reach US$10.15 billion in 2023, with a CAGR of 7.98% forecast for the period 2023-2028.

The government primarily procures a range of plastic and rubber products and services, including:
Plastics: Pipes, films, sheets, bags, bottles, and various molded components.
Rubber: Tires, hoses, seals, gaskets, and other industrial products.
Rubber and plastic machinery: Injection molding machines, extruders, and other equipment used for manufacturing plastic and rubber products.

Several key authorities handle government procurement in the Indian plastic and rubber market, including:
Department of Chemicals and Petrochemicals: Oversees the development of the chemical and petrochemical industries, including plastics and rubber.
Directorate General of Supplies and Disposals (DGS&D): Responsible for centralized procurement of various goods and services for the government, including plastic and rubber products.
Public Sector Undertakings (PSUs): Large government-owned companies that often procure significant quantities of plastic and rubber products for their operations.

Some of the top winners in India's plastic and rubber procurement market include:
Reliance Industries Ltd.: A major player in the Indian petrochemical industry and a leading manufacturer of plastic and rubber products.
Indian Oil Corporation Ltd.: A state-owned oil and gas company that also manufactures and supplies a range of plastic and rubber products.
Apollo Tyres Ltd.: A leading Indian tire manufacturer and a major supplier to the government.

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