SlideShare a Scribd company logo
Justification of plastic production :
We are justifying the plastic production in various ground globally and as well as nationally by
using the fact and figure, a rapid growth in this industry, is the result of good relation between
different countries.
If we see globally we can understand the following:
Globalplastic production:
Plastics are used in a wide variety of products and have displaced other materials, such
as wood, metal, and glass. It can be formed into polyesters for use in fabrics and textiles,
polyvinylidene chloride for food packaging, and polycarbonates for eyeglasses and compact
discs, among thousands of other uses. The production of plastic requires four basic steps: the
acquirement of raw material, synthesizing a basic polymer, compounding the polymer into a
usable fraction, and lastly, molding or shaping the plastic. The production of plastic is quite
energy intensive, requiring 62 to 108 mega joules of energy per kilogram based on U.S.
efficiency averages. Producing silicon can require up to 235 mega joules per kilogram of
material.
In 2014, global plastic production reached 311 million metric tons, with 59 million metric tons in
Europe alone. China is one of the largest producers of plastics in the world, accommodating
around one quarter of the global production. Plastic wholesaling generated 55 billion U.S.
dollars in 2013 in the United States. Plastic imports from China into the United States are
steadily increasing as China’s plastic industry grows. Production of plastics in China will
continue to develop and include more efficient companies that produce higher quality plastics.
World Plastics Production 1950 – 2015
• Plastics are a global success story.
• Continuous growth for more than 50 years.
• Europe and NAFTA are on a similar level each with a share of around 18% to19%.
• Within a few years, China has risen to the most important plastics producer. All other regions
lost global production share
Polyolefins account for more than 55% of global Plastics Materials demand.
• Standard Plastics (Polyolefins, PVC, PS & EPS, PET) account for approx. 85% of the total
demand.
Pakistan production Growth:
National level we can justify plastic production
Pakistan's plastic industry is Groving at an average annual growth rate of 15% with a
total estimated production capacity of 624,200 M/T per annum. The industry attracted
investment amounting to more than US$ 260 billion, almost half of which was foreign
direct investment (FDI), and as a result export growth has increased to 35%. Pakistan
has established successful export markets for its plastic goods. In foreign markets
including countries like Australia, South Africa, Saudi Arabia, West Indies, UAE, Kuwait,
Taiwan, Nigeria and Zimbabwe; Pakistan is strategically well placed to target the all
important local and international buyers in one of the world's largest trading regions.
Particular growth is being seen in exports of plastic components for the automobile
industry. This growth happened, besides entrepreneurial efforts, due to simplified tax
policy on local production and reduction in import tariff on plastic raw materials. The
industry is contributing more than Rs7.5 billion annually to the national.
https://www.ecgateway.net
GDP:
national treasury in shape of custom duty, sales tax and income tax. Its contribution to the
gross domestic product (GDP) was 1.69%15. It is a high technology industry and most of
modern plastic processing machinery is imported from Japan,
Per Capita:
The capacity utilization has been in between 43 to 95%. Plastics industry in the un-organized
sector is totally self-financed and during the last decade, the un-organized sector has grown
much more rapidly. The per capita consumption of plastic in Pakistan is 3.1 kilograms. There
are some 6,000 plastic products manufacturers in the country and 600,000 people are directly
and indirectly engaged with this business.
Pakistan imports 80-90 percent raw material for plastic making from different countries. The
total consumption of raw material used in the plastic industry in the country is around 450,000
tonnes. The country imports raw material from UAE and Far Eastern countries and special
grade raw material is imported from Germany and USA.
Plastic Resin Industry of Pakistan:
plastic resin industry produces resins which are further treated in plastics processing facilities
and sold largely to the building and construction, packaging and consumer markets. Plastic
resins are generally categorized into two types: thermoplastics and thermosets. Globally,
thermoplastic resins dominate plastic resin sales and production.
Pakistan possesses a narrow petrochemical base producing limited number of polymers
including Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET) and
Urea/Melamine Formaldehyde. An attempt to set up the first PVC plant in Pakistan was made
by the Federal Chemicals and Ceramics Corporation Limited (FCCCL) when it planned to set up
a 20,000 tons per annum capacity plant in Kala Shah Kaku way back in 1994. This plant,
unfortunately, did not come online. Later in 1999, Engro Chemicals through a joint venture with
Japanese company set up the first PVC plant in Pakistan.
At present, no facilities for the production of two basic polymers polyethylene and polypropylene
exist in the country with the result that these two constitute the bulk of Pakistan plastic resins
imports. Import of PE and PP during 2009 stood at 0.424 tons valuing $700 million constituting
76% of total plastics raw material imports. Pakistan annual consumption of plastic resins is over
one million tons and demand may further grow on the back of new developments in plastic
technologies and a rapidly expanding market for plastics due to its wider use and application in
the building and construction, transportation, packaging, electrical and electronics, furniture and
furnishings and household appliances industries.
Types of Plastic Resins and their uses
Plastic Resins and Codes Uses
1. Polyethylene Terephthalate
(PETE)
• Soda Bottles
• Water Bottles
• Shampoo Bottles
• Mouth wash Bottles
• Peanut butter jars
2. High Density Polyethylene
(HDPE
• Milk, Water and Juice Jugs
• Grocery Bags
3. Vinyl (V) • Clear Food Packaging
• Shampoo Bottles
4. Low Density Polyethylene • Bread Bags
• Frozen Food Bags
5. Polypropylene • Ketchup Bottles
• Yogurt and Margarine Bottles
6. Polystyrene • Meat Trays
• Cups and Plates
7. Other • 3 & 5 gallon bottles
• Ketchup
• Small juice Bottles
Resins Manufacturers
and their Production
Capacity in Pakistan
Company
Product capacity (Tons)
Novaltex PET 235,000
Engro Polymer and
Chemicals Ltd.
PVC 150,000
Pak Petrochemicals
Industries Ltd.
HIPS & PS 90,000
Dynea Pakistan Ltd. Urea & Melamine
Formaldehyde
34,000
Source: (http://dartways.com/print.php?pg=sectors&s=11)
Criticize of Plastic Production:
The plastic production can criticize by its pros and cos which are the fallowing:
Plastics, society, and the environment
Plastics have contributed to our quality of life in countless ways. Many products would be much
more expensive - or wouldn't exist - if it weren't for plastics. Yet, as with the use of any material,
there are environmental benefits and impacts.
Firstly, there is an environmental impact from plastics production; however the plastics industry
has worked hard to reduce energy and water use, as well as waste generation during the
manufacturing processes.
Secondly, during their lives, plastic products can save energy and reduce carbon dioxide
emissions in a variety of ways. For example, they're lightweight, so transporting them is energy
efficient. And plastic parts in cars and airplanes reduce the weight of those vehicles and
therefore less energy is needed to operate them and lower emissions are created.
Pros of plastic bags:
 They are convenient
They are durable and can be used more than once
They take up less space in a landfill than paper bags (Washington Post)
It takes 91% less energy to recycle a pound of plastic than it takes to recycle a pound of
paper. (Recycling rates of either type of disposable bag are extremely low, with rates of
10-15% for paper and 1-3% for plastic.)
 500 billion to 1 trillion plastic bags are used every year, worldwide
About 1 million plastic bags are used every minute.
A single plastic bag can take 20 to 1,000 years to degrade
The U.S. goes through 100 billion single-use plastic bags. This costs retailers about $4
billion a year
Plastic bags remain toxic even after they break down
Every square mile of ocean has about 46,000 pieces of plastic floating in it.
The average family accumulates 60 plastic bags in only four trips to the grocery store
Anywhere from .5% to 3% of all bags winds up recycled.
Ten percent of the plastic produced every year worldwide winds up in the ocean. 70% of
which finds its way to the ocean floor, where it will likely never degrade.
80% of Americans choose Plastic over Paper.
100 billion plastic bags are thrown away in America each year.
12 million barrels of oil are needed for 100 billion bags
Plastic is one of the most used material these days. It is being used in almost every
industry. But along with its advantages, there are lot of disadvantages of plastic too.
Let’s take a look at the positive and negative effects of plastic.
Increasing usage of plastic
In our daily life, plastic made a considerable impact and we are heavily dependent on plastic.
Starting from daily usage utensils to decorative items all are coming in plastic. The usage of
plastic is increasing day by day and researchers are also trying to develop more durable, less
weight, strong plastic to meet today’s needs. The usage of plastic is increasing exponentially
from the last century. Records showed that the amount of plastic made in the first 10 years of
21st
century is equal to the amount of plastic made in the whole 20th
century. Generally, Plastic is
of two types i.e. high quality plastic and low quality plastic. High quality plastic is very strong and
is generally used for making products like cabins, mobile and laptop cases etc. Low quality
plastic is generally weak and is used for making utensils, vessels etc.
Positive impact of plastic
There are several advantages with plastic which can’t be compared with others. Plastic is highly
durable material and it lasts longer. Another positive thing about plastic is its ease in converting
to required shape. The weight of the plastic is very less and it is almost as strong as metals.
You can convert plastic into the shape you required and they look equally beautiful like glass or
other expensive materials. Unlike glass which has to be handled carefully, you can roughly use
plastic materials. One more advantage of plastic is it is recyclable. The wear and tear of plastic
parts is very less when compared to other materials available.
Negative impact of plastic
There are some negative things about plastic which has to be considered equally like
advantages. Plastic items can’t tolerate high temperatures and releases harmful gases (at high
temp.) which cause pollution. Plastic is not easily disposable and it will take thousands of years
to completely dispose in soil. This result in other harmful things like blockage of water (resulting
floods), death of animals, birds because of eating plastic etc. which are serious concerns of
several environmental activists. Even the process of making plastic by industries releases heavy
amounts of carbon dioxide.
Verdict
Finally, plastic is like a double edged sword and we must to use it carefully to avoid future
complications and environmental problems. Even methods suggested by plastic companies like
burying deep in the earth will also have its own implications on environment. So plastic
companies and plastic users have to use it cautiously. Plastic must be used according to our
needs but not for our luxuries.

More Related Content

What's hot

Economics of paper industry
Economics of paper industryEconomics of paper industry
Economics of paper industry
SAISIKAN PATRA
 
Advances in pulp and paper technology and the implication for the paper indus...
Advances in pulp and paper technology and the implication for the paper indus...Advances in pulp and paper technology and the implication for the paper indus...
Advances in pulp and paper technology and the implication for the paper indus...
Alexander Decker
 
Global Plastics Value Chain digital artifact
Global Plastics Value Chain   digital artifactGlobal Plastics Value Chain   digital artifact
Global Plastics Value Chain digital artifact
Jeremy2015
 
Waste and its implication on global value chains
Waste  and its implication on global value chainsWaste  and its implication on global value chains
Waste and its implication on global value chains
TerwaseDaniel
 
Agricultural waste pulping in nigeria prospects and challenges
Agricultural waste pulping  in nigeria prospects and challengesAgricultural waste pulping  in nigeria prospects and challenges
Agricultural waste pulping in nigeria prospects and challenges
Alexander Decker
 
Introduction to Dena Family of Technologies
Introduction to Dena Family of TechnologiesIntroduction to Dena Family of Technologies
Introduction to Dena Family of Technologies
Motaz Bashitie (MBSH)
 
Zero packaging
Zero packaging   Zero packaging
Zero packaging
Lacuna Innovation
 
Plastic Decking Market - 2019
Plastic Decking Market - 2019Plastic Decking Market - 2019
Plastic Decking Market - 2019
Kailas S
 

What's hot (8)

Economics of paper industry
Economics of paper industryEconomics of paper industry
Economics of paper industry
 
Advances in pulp and paper technology and the implication for the paper indus...
Advances in pulp and paper technology and the implication for the paper indus...Advances in pulp and paper technology and the implication for the paper indus...
Advances in pulp and paper technology and the implication for the paper indus...
 
Global Plastics Value Chain digital artifact
Global Plastics Value Chain   digital artifactGlobal Plastics Value Chain   digital artifact
Global Plastics Value Chain digital artifact
 
Waste and its implication on global value chains
Waste  and its implication on global value chainsWaste  and its implication on global value chains
Waste and its implication on global value chains
 
Agricultural waste pulping in nigeria prospects and challenges
Agricultural waste pulping  in nigeria prospects and challengesAgricultural waste pulping  in nigeria prospects and challenges
Agricultural waste pulping in nigeria prospects and challenges
 
Introduction to Dena Family of Technologies
Introduction to Dena Family of TechnologiesIntroduction to Dena Family of Technologies
Introduction to Dena Family of Technologies
 
Zero packaging
Zero packaging   Zero packaging
Zero packaging
 
Plastic Decking Market - 2019
Plastic Decking Market - 2019Plastic Decking Market - 2019
Plastic Decking Market - 2019
 

Similar to Business economics term report for MBA student

Polymer Waste-Civil-12.ppt
Polymer Waste-Civil-12.pptPolymer Waste-Civil-12.ppt
Polymer Waste-Civil-12.ppt
nireekshan1
 
Plastic angel or demon/recycling process
Plastic angel or demon/recycling processPlastic angel or demon/recycling process
Plastic angel or demon/recycling process
Mustafa Alp
 
Presentation on world environment day 2018 beat plastic pollution
Presentation on world environment day 2018   beat plastic pollutionPresentation on world environment day 2018   beat plastic pollution
Presentation on world environment day 2018 beat plastic pollution
Md. Saiful Islam
 
Tackling the Plastics Crisis with Dedication, Innovation
Tackling the Plastics Crisis with  Dedication, InnovationTackling the Plastics Crisis with  Dedication, Innovation
Tackling the Plastics Crisis with Dedication, Innovation
ExpertsConsult
 
Project on plastic industry
Project on plastic industry Project on plastic industry
Project on plastic industry
JainamMehta42
 
Aadrsh kumar tiwari bbau
Aadrsh kumar tiwari bbauAadrsh kumar tiwari bbau
Aadrsh kumar tiwari bbau
BBAU Lucknow, India
 
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis MethodIRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET Journal
 
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis MethodIRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET Journal
 
A Report on Plastic Packaging Industry
A Report on Plastic Packaging IndustryA Report on Plastic Packaging Industry
A Report on Plastic Packaging Industry
Nates Plastic Packaging Manufacturer
 
Adhesive from Petrol and Thermocol
Adhesive from Petrol and ThermocolAdhesive from Petrol and Thermocol
Adhesive from Petrol and Thermocol
ijtsrd
 
Prevention Of Plastic Pollution And Comparison With Paper
Prevention Of Plastic Pollution And Comparison With PaperPrevention Of Plastic Pollution And Comparison With Paper
Prevention Of Plastic Pollution And Comparison With Paper
Jeelkumar Patel
 
An Overview of the UK Plastics Industry: Statistics about Production and Recy...
An Overview of the UK Plastics Industry: Statistics about Production and Recy...An Overview of the UK Plastics Industry: Statistics about Production and Recy...
An Overview of the UK Plastics Industry: Statistics about Production and Recy...
Margaret_Fritz
 
Presentation on plastics Sector in BD
Presentation on plastics Sector in BDPresentation on plastics Sector in BD
Presentation on plastics Sector in BD
Abir Hossain
 
Best Eco Friendly Products, Projects & Ideas for Startups
Best Eco Friendly Products, Projects & Ideas for StartupsBest Eco Friendly Products, Projects & Ideas for Startups
Best Eco Friendly Products, Projects & Ideas for Startups
Ajjay Kumar Gupta
 
The Importance of Recycling Plastic
The Importance of Recycling PlasticThe Importance of Recycling Plastic
The Importance of Recycling Plastic
Steve Neipris
 
Plastic pollution
Plastic pollution Plastic pollution
Plastic pollution
sambandan K
 
Discourage to use plastic
Discourage to use plasticDiscourage to use plastic
Discourage to use plastic
Dipto Shaha
 
Plastics pollution
Plastics pollutionPlastics pollution
Plastics pollution
Mirak Nembang
 
Solid Waste Strategies & Laws in Australia
 Solid Waste Strategies & Laws in  Australia  Solid Waste Strategies & Laws in  Australia
Solid Waste Strategies & Laws in Australia
Faizan Asif
 
Plastic pollution
Plastic pollutionPlastic pollution
Plastic pollution
RahatKabir6
 

Similar to Business economics term report for MBA student (20)

Polymer Waste-Civil-12.ppt
Polymer Waste-Civil-12.pptPolymer Waste-Civil-12.ppt
Polymer Waste-Civil-12.ppt
 
Plastic angel or demon/recycling process
Plastic angel or demon/recycling processPlastic angel or demon/recycling process
Plastic angel or demon/recycling process
 
Presentation on world environment day 2018 beat plastic pollution
Presentation on world environment day 2018   beat plastic pollutionPresentation on world environment day 2018   beat plastic pollution
Presentation on world environment day 2018 beat plastic pollution
 
Tackling the Plastics Crisis with Dedication, Innovation
Tackling the Plastics Crisis with  Dedication, InnovationTackling the Plastics Crisis with  Dedication, Innovation
Tackling the Plastics Crisis with Dedication, Innovation
 
Project on plastic industry
Project on plastic industry Project on plastic industry
Project on plastic industry
 
Aadrsh kumar tiwari bbau
Aadrsh kumar tiwari bbauAadrsh kumar tiwari bbau
Aadrsh kumar tiwari bbau
 
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis MethodIRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
 
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis MethodIRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
IRJET- Replacement of Solvent in Paint by Plastic Waste using Pyrolysis Method
 
A Report on Plastic Packaging Industry
A Report on Plastic Packaging IndustryA Report on Plastic Packaging Industry
A Report on Plastic Packaging Industry
 
Adhesive from Petrol and Thermocol
Adhesive from Petrol and ThermocolAdhesive from Petrol and Thermocol
Adhesive from Petrol and Thermocol
 
Prevention Of Plastic Pollution And Comparison With Paper
Prevention Of Plastic Pollution And Comparison With PaperPrevention Of Plastic Pollution And Comparison With Paper
Prevention Of Plastic Pollution And Comparison With Paper
 
An Overview of the UK Plastics Industry: Statistics about Production and Recy...
An Overview of the UK Plastics Industry: Statistics about Production and Recy...An Overview of the UK Plastics Industry: Statistics about Production and Recy...
An Overview of the UK Plastics Industry: Statistics about Production and Recy...
 
Presentation on plastics Sector in BD
Presentation on plastics Sector in BDPresentation on plastics Sector in BD
Presentation on plastics Sector in BD
 
Best Eco Friendly Products, Projects & Ideas for Startups
Best Eco Friendly Products, Projects & Ideas for StartupsBest Eco Friendly Products, Projects & Ideas for Startups
Best Eco Friendly Products, Projects & Ideas for Startups
 
The Importance of Recycling Plastic
The Importance of Recycling PlasticThe Importance of Recycling Plastic
The Importance of Recycling Plastic
 
Plastic pollution
Plastic pollution Plastic pollution
Plastic pollution
 
Discourage to use plastic
Discourage to use plasticDiscourage to use plastic
Discourage to use plastic
 
Plastics pollution
Plastics pollutionPlastics pollution
Plastics pollution
 
Solid Waste Strategies & Laws in Australia
 Solid Waste Strategies & Laws in  Australia  Solid Waste Strategies & Laws in  Australia
Solid Waste Strategies & Laws in Australia
 
Plastic pollution
Plastic pollutionPlastic pollution
Plastic pollution
 

Recently uploaded

1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
qntjwn68
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
egoetzinger
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
hiddenlevers
 
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
conose1
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
Colin R. Turner
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
coingabbar
 
G20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summitG20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summit
rohitsaxena882511
 
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
Colin R. Turner
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
EasyReports
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Henry Tapper
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Price Vision
 
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
nexop1
 
Donald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptxDonald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptx
SerdarHudaykuliyew
 

Recently uploaded (20)

1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
 
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
 
G20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summitG20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summit
 
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
 
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
 
Donald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptxDonald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptx
 

Business economics term report for MBA student

  • 1. Justification of plastic production : We are justifying the plastic production in various ground globally and as well as nationally by using the fact and figure, a rapid growth in this industry, is the result of good relation between different countries. If we see globally we can understand the following: Globalplastic production: Plastics are used in a wide variety of products and have displaced other materials, such as wood, metal, and glass. It can be formed into polyesters for use in fabrics and textiles, polyvinylidene chloride for food packaging, and polycarbonates for eyeglasses and compact discs, among thousands of other uses. The production of plastic requires four basic steps: the acquirement of raw material, synthesizing a basic polymer, compounding the polymer into a usable fraction, and lastly, molding or shaping the plastic. The production of plastic is quite energy intensive, requiring 62 to 108 mega joules of energy per kilogram based on U.S. efficiency averages. Producing silicon can require up to 235 mega joules per kilogram of material. In 2014, global plastic production reached 311 million metric tons, with 59 million metric tons in Europe alone. China is one of the largest producers of plastics in the world, accommodating around one quarter of the global production. Plastic wholesaling generated 55 billion U.S. dollars in 2013 in the United States. Plastic imports from China into the United States are steadily increasing as China’s plastic industry grows. Production of plastics in China will continue to develop and include more efficient companies that produce higher quality plastics.
  • 2. World Plastics Production 1950 – 2015 • Plastics are a global success story. • Continuous growth for more than 50 years. • Europe and NAFTA are on a similar level each with a share of around 18% to19%. • Within a few years, China has risen to the most important plastics producer. All other regions lost global production share Polyolefins account for more than 55% of global Plastics Materials demand. • Standard Plastics (Polyolefins, PVC, PS & EPS, PET) account for approx. 85% of the total demand. Pakistan production Growth: National level we can justify plastic production Pakistan's plastic industry is Groving at an average annual growth rate of 15% with a total estimated production capacity of 624,200 M/T per annum. The industry attracted investment amounting to more than US$ 260 billion, almost half of which was foreign direct investment (FDI), and as a result export growth has increased to 35%. Pakistan has established successful export markets for its plastic goods. In foreign markets including countries like Australia, South Africa, Saudi Arabia, West Indies, UAE, Kuwait, Taiwan, Nigeria and Zimbabwe; Pakistan is strategically well placed to target the all important local and international buyers in one of the world's largest trading regions. Particular growth is being seen in exports of plastic components for the automobile industry. This growth happened, besides entrepreneurial efforts, due to simplified tax policy on local production and reduction in import tariff on plastic raw materials. The industry is contributing more than Rs7.5 billion annually to the national. https://www.ecgateway.net GDP: national treasury in shape of custom duty, sales tax and income tax. Its contribution to the gross domestic product (GDP) was 1.69%15. It is a high technology industry and most of modern plastic processing machinery is imported from Japan, Per Capita: The capacity utilization has been in between 43 to 95%. Plastics industry in the un-organized sector is totally self-financed and during the last decade, the un-organized sector has grown
  • 3. much more rapidly. The per capita consumption of plastic in Pakistan is 3.1 kilograms. There are some 6,000 plastic products manufacturers in the country and 600,000 people are directly and indirectly engaged with this business. Pakistan imports 80-90 percent raw material for plastic making from different countries. The total consumption of raw material used in the plastic industry in the country is around 450,000 tonnes. The country imports raw material from UAE and Far Eastern countries and special grade raw material is imported from Germany and USA. Plastic Resin Industry of Pakistan: plastic resin industry produces resins which are further treated in plastics processing facilities and sold largely to the building and construction, packaging and consumer markets. Plastic resins are generally categorized into two types: thermoplastics and thermosets. Globally, thermoplastic resins dominate plastic resin sales and production. Pakistan possesses a narrow petrochemical base producing limited number of polymers including Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET) and Urea/Melamine Formaldehyde. An attempt to set up the first PVC plant in Pakistan was made by the Federal Chemicals and Ceramics Corporation Limited (FCCCL) when it planned to set up a 20,000 tons per annum capacity plant in Kala Shah Kaku way back in 1994. This plant, unfortunately, did not come online. Later in 1999, Engro Chemicals through a joint venture with Japanese company set up the first PVC plant in Pakistan. At present, no facilities for the production of two basic polymers polyethylene and polypropylene exist in the country with the result that these two constitute the bulk of Pakistan plastic resins imports. Import of PE and PP during 2009 stood at 0.424 tons valuing $700 million constituting 76% of total plastics raw material imports. Pakistan annual consumption of plastic resins is over one million tons and demand may further grow on the back of new developments in plastic technologies and a rapidly expanding market for plastics due to its wider use and application in the building and construction, transportation, packaging, electrical and electronics, furniture and furnishings and household appliances industries. Types of Plastic Resins and their uses Plastic Resins and Codes Uses 1. Polyethylene Terephthalate (PETE) • Soda Bottles
  • 4. • Water Bottles • Shampoo Bottles • Mouth wash Bottles • Peanut butter jars 2. High Density Polyethylene (HDPE • Milk, Water and Juice Jugs • Grocery Bags 3. Vinyl (V) • Clear Food Packaging • Shampoo Bottles 4. Low Density Polyethylene • Bread Bags • Frozen Food Bags 5. Polypropylene • Ketchup Bottles • Yogurt and Margarine Bottles 6. Polystyrene • Meat Trays • Cups and Plates 7. Other • 3 & 5 gallon bottles • Ketchup • Small juice Bottles Resins Manufacturers and their Production Capacity in Pakistan Company Product capacity (Tons) Novaltex PET 235,000 Engro Polymer and Chemicals Ltd. PVC 150,000
  • 5. Pak Petrochemicals Industries Ltd. HIPS & PS 90,000 Dynea Pakistan Ltd. Urea & Melamine Formaldehyde 34,000 Source: (http://dartways.com/print.php?pg=sectors&s=11) Criticize of Plastic Production: The plastic production can criticize by its pros and cos which are the fallowing: Plastics, society, and the environment Plastics have contributed to our quality of life in countless ways. Many products would be much more expensive - or wouldn't exist - if it weren't for plastics. Yet, as with the use of any material, there are environmental benefits and impacts. Firstly, there is an environmental impact from plastics production; however the plastics industry has worked hard to reduce energy and water use, as well as waste generation during the manufacturing processes. Secondly, during their lives, plastic products can save energy and reduce carbon dioxide emissions in a variety of ways. For example, they're lightweight, so transporting them is energy efficient. And plastic parts in cars and airplanes reduce the weight of those vehicles and therefore less energy is needed to operate them and lower emissions are created. Pros of plastic bags:  They are convenient They are durable and can be used more than once They take up less space in a landfill than paper bags (Washington Post) It takes 91% less energy to recycle a pound of plastic than it takes to recycle a pound of paper. (Recycling rates of either type of disposable bag are extremely low, with rates of 10-15% for paper and 1-3% for plastic.)  500 billion to 1 trillion plastic bags are used every year, worldwide About 1 million plastic bags are used every minute. A single plastic bag can take 20 to 1,000 years to degrade The U.S. goes through 100 billion single-use plastic bags. This costs retailers about $4 billion a year Plastic bags remain toxic even after they break down Every square mile of ocean has about 46,000 pieces of plastic floating in it. The average family accumulates 60 plastic bags in only four trips to the grocery store Anywhere from .5% to 3% of all bags winds up recycled. Ten percent of the plastic produced every year worldwide winds up in the ocean. 70% of which finds its way to the ocean floor, where it will likely never degrade.
  • 6. 80% of Americans choose Plastic over Paper. 100 billion plastic bags are thrown away in America each year. 12 million barrels of oil are needed for 100 billion bags Plastic is one of the most used material these days. It is being used in almost every industry. But along with its advantages, there are lot of disadvantages of plastic too. Let’s take a look at the positive and negative effects of plastic. Increasing usage of plastic In our daily life, plastic made a considerable impact and we are heavily dependent on plastic. Starting from daily usage utensils to decorative items all are coming in plastic. The usage of plastic is increasing day by day and researchers are also trying to develop more durable, less weight, strong plastic to meet today’s needs. The usage of plastic is increasing exponentially from the last century. Records showed that the amount of plastic made in the first 10 years of 21st century is equal to the amount of plastic made in the whole 20th century. Generally, Plastic is of two types i.e. high quality plastic and low quality plastic. High quality plastic is very strong and is generally used for making products like cabins, mobile and laptop cases etc. Low quality plastic is generally weak and is used for making utensils, vessels etc. Positive impact of plastic There are several advantages with plastic which can’t be compared with others. Plastic is highly durable material and it lasts longer. Another positive thing about plastic is its ease in converting to required shape. The weight of the plastic is very less and it is almost as strong as metals. You can convert plastic into the shape you required and they look equally beautiful like glass or other expensive materials. Unlike glass which has to be handled carefully, you can roughly use plastic materials. One more advantage of plastic is it is recyclable. The wear and tear of plastic parts is very less when compared to other materials available. Negative impact of plastic There are some negative things about plastic which has to be considered equally like advantages. Plastic items can’t tolerate high temperatures and releases harmful gases (at high temp.) which cause pollution. Plastic is not easily disposable and it will take thousands of years to completely dispose in soil. This result in other harmful things like blockage of water (resulting floods), death of animals, birds because of eating plastic etc. which are serious concerns of several environmental activists. Even the process of making plastic by industries releases heavy amounts of carbon dioxide. Verdict Finally, plastic is like a double edged sword and we must to use it carefully to avoid future complications and environmental problems. Even methods suggested by plastic companies like burying deep in the earth will also have its own implications on environment. So plastic companies and plastic users have to use it cautiously. Plastic must be used according to our needs but not for our luxuries.