The status of Iran’s plastic industry and its role in the country’s economy

In the field of plastic product manufacturing, the leading country is the one with easy access to abundant and affordable raw materials. With total reserves of 160.12 billion barrels of crude oil, Iran ranks fourth in oil reserves after Venezuela, Saudi Arabia, and Canada. Iran’s possession of this “black gold” gives the country unparalleled potential in the production and supply of various plastic products.

Government and Private Sector Support for Manufacturers
The Iranian government, by offering incentives such as foreign exchange allocations and tax exemptions to plastic product manufacturing units upon exporting their products, has created favorable conditions for expanding production facilities and increasing output.

Access to Petrochemical Plants
Currently, 67 petrochemical complexes operate in the country, with several approved projects in the investment and implementation phases. The expansion of these centers will further enhance Iran’s potential in the production and supply of petrochemical end products.

Additionally, factors such as access to low-cost labor, sufficient knowledge and expertise aligned with the latest global standards, and the presence of major investors provide Iran with significant growth opportunities in the plastic industry.

What categories does Iran’s plastic industry include?

• Packaging
• Construction
• Automotive
• Agriculture
• Consumer and Household
• Industrial
• Medical
• Electronics and Electrical
• Marine
• Petrochemical and Chemical
• Textiles
• Aerospace and Aviation
• Biodegradable

What challenges does Iran’s plastic industry face?

Considering the population growth, increased demand, and expanded use of plastic products, the plastic industry and its products require growth and quality improvement. However, several issues hinder the further growth of the country’s plastic industry.

Inflation and Financial Difficulties for Manufacturing Units
Inflation increases production costs and reduces the purchasing power of consumers, which lowers profitability and demand for plastic products. The lack of liquidity and difficulties in obtaining loans, securing working capital, and modernizing production lines have made it challenging for industrial units. High-interest rates and economic uncertainty also lead to capital flight and reduced industry development. These factors all significantly affect the growth of the industry in the country.

Energy Supply Issues

Issues such as frequent seasonal power outages, especially in summer and winter, causing disruptions in production lines, high energy consumption in outdated equipment leading to increased costs, and the rising cost of electricity and gas due to reduced energy subsidies for manufacturing units, have created challenges for plastic product production in the country. Addressing the modernization of equipment and the development of renewable energy sources could be solutions to these problems.

Facilitating Currency Exchange and Reducing Issues Related to Exchange Rate Shocks and Different Pricing
Currency stability naturally reduces raw material costs and improves production planning. Additionally, it lowers financial risks and extra costs, making exports more competitive. Overall, effective management of exchange rates and facilitating exchanges reduce production costs, increase output, and improve both domestic and international competitiveness.

Marketing and Advertising
Even if products are of the highest quality, without being effectively and efficiently introduced to the target audience through proper marketing, they won’t generate sufficient returns. Plastic products also need to be introduced to domestic and foreign investors and customers in an appropriate environment to increase production and improve the production cycle. But where is the suitable platform for introducing and presenting these products?

Iran’s Plastic Industry Exhibition: A Path to Showcase Iran’s Capabilities in the Plastic Sector

Exhibitions have long been one of the best ways to introduce and increase the share of producers and distributors worldwide across various sectors. Holding exhibitions related to the plastic industry in Iran will showcase the country’s capabilities in the plastic industry and help establish its presence on the global stage.

Marketing and advertising in the plastic industry through exhibitions provide an ideal opportunity to showcase innovations, attract new customers, and create business connections. Participation in these events increases brand credibility, introduces new products, and helps access target markets. Additionally, exhibitions create a competitive environment, allowing direct comparison with competitors and enhancing market positioning.

The Iran Plastic Industry Exhibition, aimed at providing all these opportunities to producers and distributors, will be held at the Shahr-e-Aftab Exhibition Center in Tehran. This event will take a significant step toward helping Iran achieve its long-term business goals in the plastic industry and improve its position in the global market.

ExhibitionMakers Company, as the event organizer for this and other international exhibitions, are here to help you achieve your business goals faster. To register and reserve a booth at the Iran Plastic Industry Exhibition, contact us.