41. Bioplastic in India Bioplastic in India is very nascent stage with 2 partiicipantsoprating. The research service give an overview of Bioplastic market a long potential in India There are currently only 2 participants in the Indian bioplastic industry – Earthsoul and Harita-NTI (Naturtec). Some new entrants are expected to come into the Indian market in the future Market drives for Indian bioplastic market ; Increasing crude oil/ polymer , new legislation and availability feedlock to manufacture biopolymers. India’s Overview Population: 1,173,108,018 (July 2010 est.) country comparison to the world: 2 Age : 15-64 years: 64.3% GDP: real growth rate: 8.3% (2010 est.) country comparison to the world: 7 Economy - overview: India is developing into an open-market economy. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997.