The large amount of deforestation has occurred in recent past causing environmental imbalance to our ecosystem. As a preventive measure to stop deforestation we should find alternative to wood formwork. In this point of view “PLASTIC FORMWORK “ is only possible solution to this problem as it is recyclable, reusable and eco-friendly alternative. That’s why the plastic formwork introduced to replace the traditional formwork. Plastic formwork is a new innovation in formwork industry; it is famous for its light weight, speedy construction and in accuracy in work. Today almost over 350000 sqm meters of formwork is being used for construction purpose all over the world. In our country plastic formwork has been used on many construction projects and it has been proved to be economical. Plastic formwork has been widely used in Gulf countries, Europe, Asia as well as all other parts of world. This technology is mostly suitable for huge housing projects to be completed in short period of time, where columns, beams, slab sizes are standard. This technology gives more accurate results and good quality of construction in optimum cost and minimum time.