All posts tagged GDP

The Australian Packaging Industry Facts And Figures

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As large of an employer as it is, chances are that you already know somebody who works in the Australian packaging industry. Indeed, it is a reasonably sized industry that exerts a massive amount of influence over our daily lives. From recycling to protecting the food that we purchase, packaging is essential.

The Packaging Industry: Value And Employment –

Numbers are among the very best ways to get an idea about the size of something. Consider this: The Australian packaging industry accounts for approximately 1% of the country’s GDP, or Gross Domestic Product. That may sound small, but Australia is a massive country with a very high volume of output. Combine that fact with the fact that approximately 30,000 people are employed by the Australian packaging industry, and it’s easy to see why this industry is so important.

Material Statistics Related To The Packaging Industry –

At 36%, paper and cardboard packaging definitely corner the market when it comes to packaging materials. A simple glance in your pantry or refrigerator will confirm to you that this is the case. However, plastics have reached 30% – a very respectable figure that is easy to confirm, what with the popularity of plastic packaging these days. At 20%, metal packaging has diminished a bit but is still fairly common. Finally, as glass is the most breakable and least practical material, it only accounts for 10% of the total packaging that today is used in Australia.

Recycling And The Packaging Industry –

Considering that the packaging industry only contributes about 10% of urban solid waste, it is remarkable that the industry has, nonetheless, agreed to a National Packaging Covenant that will increase the levels at which it recycles various materials. For example: Plastics, which are currently recycled at a rate of approximately 20%, will now be recycled approximately 30% to 35% of the time. Paper and cardboard, which are currently recycled at a rate of approximately 64%, will now be recycled at a rate of approximately 70% to 80%.

Packaging: An Industry To Watch –

Whether you work in the packaging industry or not, there’s no question that it plays a major role in your life. From the food you buy at the store to the recycling that you do, packaging plays a role in many aspects of your day to day life. As time goes by, the industry itself will be amping up its recycling efforts and will be contributing to the health of the planet. For this reason, consumers can now feel more comfortable about the products that they purchase and can be assured that the food packaging industry is continuously working towards making the world a better place.

Chemical Industry – An Overview

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Chemical Industry is one of the fastest growing Industries globally. Demand in different segments of chemical Industry like pharmaceuticals, Inorganic Chemicals, Organic Chemicals, Fine and specialties, Bulk Drugs, Agrochemicals, and Paints and Dyes are also increasing rapidly. Industry players are following state of the art techniques and extensive research and development policies to fulfill this increasing demand for chemical.

Chemical Industry and India

India was importing chemicals during early 1990s, but now India has become a net exporter of chemicals because of implementation of several large scale petrochemical plants, and tremendous growth of exports in sectors like bulk drugs and pharmaceuticals, pesticides, and dyes and intermediates.

Currently India is a strong player in chemicals export. Following are some facts related to Chemical Industry in India (Analysis based on Year 2005):

13% of total export
13% of total industrial output and 7% of GDP
10%-12% growth rate annually
2% of global chemical industry
Indian pharmaceuticals industry ranks 4th in volume and 13th in terms of value in world
2nd largest producer of agrochemicals in Asia

Factors Affecting Indian Chemical Industry

There are few factors resulting growth of Indian Chemical Industry. Some important factors are as following:

1. Friendly Government Policies: In recent years government policies have become more and more industry friendly, following the similar global industry friendly trend. Government is eager to provide land and basic infrastructure for new industry establishments, because industries are powerful elements in contributing rapid growth of development.

2. Increasing Demand: There is increase in demand of chemicals globally, be it pharmaceutical, agrochemicals, adhesives, fertilizers, or other chemicals. So industry players are trying to increase their current production to match increasing demand.

3. Technology factors: The change in technology is also a factor in development of chemical industry. Newer machinery, better technology, and research are major cause behind growth rate of this industry.

4. Involvement of major players: Involvement of major industry players in chemical industry, as well as acquisition of overseas companies by Indian Giants led strong worldwide reputation of Indian chemical manufacturers.

5. Presence of raw materials: India is rich in minerals and other raw materials required in production of chemicals that decreases input capital required and increases overall revenues of manufacturers.

In coming years industry is going to grow with more than current growth rate. In 2005 its contribution to GDP was 7%, which increased to 13% in year 2007. Domestic demand is also increasing so we don’t need to look for exports always. Past few years witnessed tremendous growth and we can expect similar trends in future too.