With the gradual key improvement in global economic scenario, the global plastics industry has shown significant signs of recovery with latest shale gas developments in US and increasing demand for plastics in array of applications – be it household of industrial – the global plastics industry is poised to scale new heights in coming years.
Arvind Mehta, Chairman – Governing Council All India Plastics Manufacturers' Association (AIPMA) and Past President – AIPMA & Plastindia says, "Overall, the plastics industries in all the major economies are on growth path. They are now more optimistic of doing more business with India and they expect Indian plastics industry to be as good as China."
Mehta represented Indian plastics industry at the CIPAD 2014 Global Assembly, during June 22-24, 2014 in Berlin, Germany. "It was an excellent opportunity for networking at an international forum where global association leaders meet and present their country papers, exchange ideas and information and get updated specially from converters and machinery producers' point of view," adds Mehta.
Mehta shares his observations at the CIPAD 2014 Global Assembly as follows:
US: With competitive manufacturing, the current scenario of US plastics industry is very positive. The 440% increase in Shale Gas production in the world's 3rd largest plastics market has attracted new investment of $9.6 billion and the plastics industry in US is expected to create 2.1 million jobs by 2020. Moreover, gas based polymer production is helping the plastics industry to fetch impressive profit as compared to other countries.
UK: With a significant growth of 1.4% and 2.7% in manufacturing and business investment respectively, the UK GDP is expected to grow 3% this year. The major focus of UK on plastic recycling and the Shale Gas boom will be a game changer for the UK plastics industry.
Germany: One of the leaders in making plastics and rubber processing machineries, Germany accounted for 22.2% in global sales of these machineries in 2013. With around 2,640 companies operational, German plastics industry in on growth trajectory and with impressive growth rate of 3.5%, 2.1% and 2.7% in packaging, construction and medical respectively ensures further growth. Plastic recycling will be a key contributor in the growth of German plastics industry.
Japan: The Japanese economy is on a moderate recovery trend. Japan produces 10.6 million tonne of plastic raw material per annum; in which PE 24.9%, PP 21.6%, PVC 14.1%, PS 7%, PET 5%, ABS/SAN 4.3%. Packaging accounts for 37.4% of total plastics produces in Japan, followed by 24.8% in building material, 8.1% in Automotive, 6.4% in agriculture and 5.2% in houseware.
Italy: Considered as one of the most technologically advance machinery makers for the world plastics industry, Italy is expected to show robust recovery in plastics machinery export.
Canada: Despite slow but steady growth of Canadian plastics industry, the key issues such as ban on plastic shopping bags, increasing marine debris, vinyl tin stabilizers, phthalates, flexographic emissions etc. are things to be watched out. With 3,170 companies engaged in plastic processing, the country is working on diverting plastics from landfills to recycling plants.
Switzerland: With a healthy economic recovery, Switzerland's GDP grew by 1.9%. Swiss plastic machinery export is up by 3% that include injection moulding machine (2.2%), thermoforming machines (19.1%), and blow moulding machines (14.2%). Manufacturing precision machinery is the key strength of Swiss Plastic industry.
Mexico: Mexico is an important representative of the plastic industry of South America. The Mexican plastic industry grew production by 4.8% and consumption by 5.9%. With the growing consumption in automobile and packaging, the polymer consumption has reached to 6.41 million tonne in Mexico.
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