The eight International Injection, Blow, Roto Molding, and PET Global Summit 2023 by ElitePlus++ Business Services was successfully held in Mumbai on 9th & 10th October 2023, with more than 760 participants from 410 organizations representing 13 countries.
The platform hosts four critical segments of the plastic converting industry – injection, blow, roto molding, and PET with brand owners participating under one roof. Latest innovations in technology, global business trends and advancements from all main raw material producers, machinery makers, converters and processors, ancillary manufacturers, recyclers and brand owners were presented at the summit.
Industry leaders delivered more than 40 presentations on technical sessions such as material opportunities for molding applications, innovations in injection, blow and roto molding machinery, molds and automation, end user perspective, mobility, white goods and material handling, pet machinery, recycling, trends in blow molding, the voice of converters and new applications in raw material and design in roto molding.
The keynote speakers highlighted the key factors shaping the industry, the latest global trends, EV vehicles fueling demand for plastics, FMCG, and white Goods thrust on sustainability, the changing consumer behavior, automation in the processing sector, role in water management, etc
The main takeaways:
First: The Indian economy is strongest even though there is a global slowdown. The rigid plastic industry in India is poised to grow fast, looking at the megatrends. The world is looking at India.
Second: Growth will encapsulate new applications and ideas for improving productivity, and efficiency, and increase focus on customer appeal for Sustainability.
Ajay Arora, head of Investment Banking Advisory at Ernst & Young India, presented insights into the emerging scenario for mergers and acquisitions in the packaging sector, shaping the industry’s future landscape.
In the special session on “Transforming Rigid Packaging with Artificial Intelligence”, industry experts explored innovative applications of AI in rigid packaging processes. The discussion revolved around leveraging AI to enhance innovation, ensure sustainability, and guarantee quality assurance in packaging solutions.
Three in-depth panel discussions were a focal point of the summit:
The discussion was on the brand owners’ wish list moderated by Sridhar J, head – Packaging Development, Pureplay Skin Sciences, and featured panelists from Pidilite Ind, Mankind Pharma, Godrej Consumer Products, and L’Oréal, engaged in insightful discussions about the latest trends and challenges in packaging development.
The second discussion on excellence in manufacturing through automation was moderated by Raju Desai, director at Jyoti Plastic. It discussed cutting-edge innovations and emerging technologies shaping the future of packaging.
The third discussion on the Indian industry’s march for sustainability in packaging was moderated by Dr. Vijay Habbu from Reliance Industries. The panel delved into the pressing issue of sustainability in the Indian packaging industry, exploring innovative approaches, challenges, and opportunities and the role of technology in sustainable packaging solutions.
In a nutshell, the summit 2023 demonstrated the industry’s commitment to embracing innovation and sustainable practices and achieving growth.
