Posts Tagged ‘recession’

Global molded plastics market is projected to reach 157 mln tons by 2017

The global Molded Plastics market is projected to reach 157 mln tons by the year 2017 as per GIA. Economic revival, rise in spending power, rapid industrialization, and strong demand from end-use markets of packaging, construction, food & beverage auger well for the Molded Plastics market. Long-term growth will stem from developing markets of Asia, Eastern and Central Europe, and the Middle East.

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The global biodegradable plastic packaging market estimated to reach US$1.85 bln in 2011

The biodegradable plastic packaging market is gradually gaining significance in the vast global packaging industry. Whilst the recession impacted demand for all types of packaging; upcoming environmental issues and diminishing fossil reserves have raised concerns, resulting in steady growth for biodegradable plastic packaging

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Increase in global polyolefin consumption will continue to be driven by novel applications

Polyolefins represent almost two-thirds of the major commodity thermoplastics used worldwide, and have numerous applications ranging from automotive parts to carpet fibers, household and food containers, toys, stretch film/shrink film, diapers and trash bags. The global polyolefin market is changing dramatically in response to the quickly advancing industrialization process in emerging markets, as well as improvements in global communications and trade liberalization. According to the CMAI analysis, increases in consumption will continue to be driven by novel applications where plastics can deliver cost advantages, performance enhancements, or both.

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Polyethylene (PE) film extrusion industry in Europe

As expected with recession hitting Europe in 2008, the Polyethylene (PE) film extrusion industry took a downturn, as per AMI. Between 2007 and 2009, PE film production fell by 1 mln tons. About half of this lost volume was recovered during 2010 and the industry continues to make steady progress in 2011.

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