Chemicals & Plastic Products
Plastic processing has been a flourishing industry in Sri Lanka for over 45 years. Currently, Sri Lanka has over 400 companies engaged in plastic processing. The capacity of the local plastic processing industry at present is nearly 140,000 MT per annum with an annual average growth rate of around 10%. – 12 %.Generally, Plastic exports could be divided into two forms, i.e primary forms of plastic exports and finished products of exports. The USA has been the dominant buyer of plastic products of Sri Lanka with nearly 40% of the total exports going to the USA market. Products such as sacks and bags, articles of apparel /clothing accessories, and cellulose are manufactured through plastic processing and exported directly and indirectly.