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The development of the global plastics processing industry presents the following major trends.

by:Yosion Machinery     2021-07-16

The development of the global plastics processing industry shows the following major trends. The share of emerging markets is increasing. In the past ten years, the global plastics processing industry has a characteristic, that is, the change in the production pattern. Emerging markets in Asia, especially China, have significantly increased their share of global sales. One very important reason is the rapid expansion of production capacity in emerging markets in Asia, while the EU economy is relatively lacking in vitality during the same period. Unlike the European Union, the United States, Japan, and Germany have basically maintained their share in global competition. Due to the strong export orientation of the German plastics processing industry, German plastics processors have not been negatively affected by other European countries to a large extent.  Global economic growth and new application areas drive the growth of plastic applications  In the next few years, experts predict that the market's demand for plastic products will continue to grow. On the one hand, the plastics processing industry has benefited from economic growth. On the other hand, plastics are also actively expanding new application areas, and the development of composite materials is also on the agenda. Although China's economic growth rate has declined, experts predict that the Asian plastics processing industry will maintain an average annual growth rate of 10% in the next 10 years, which is 2% higher than the expected growth rate of the European and American plastics processing industries -3 %. In Germany, the market demand for plastic products is closely related to the development of several key industries, such as the automobile, food industry, construction industry, mechanical engineering and electronics industry. In terms of direct exports to other European countries, especially to non-EU regions For export, technical plastic products are used in many core parts of export product components such as bottle blowing machinery and transportation equipment, as are packaging products and plastic packaging. The competition between German plastic product manufacturers and other plastic product manufacturers outside Europe, especially plastic manufacturers from Asia, has been significantly fierce in recent years.  The expansion of the plastics processing industry's production capacity is mainly in Asia.   In terms of the number of processed plastic products, China has replaced the European Union as the world's most important producer of plastic processed products. Compared with many countries in the European Union, China is far from being affected by the global economic and financial crisis. The gradual industrialization, strong growth in the construction sector and private consumption have contributed to the tremendous growth of China's plastics processing industry.   In the next few years, the global demand for plastic products will continue to grow. Obvious plastic processing capacity expansion will occur in Asia in the next few years, followed by South America. Due to existing structural problems, the plastic processing industry capacity in Europe and Japan is also expected to experience some growth. The result is that the European Union and Japan are losing their share of global production, while other regions, especially emerging markets in Asia, will benefit from relatively rapid economic growth. The trend towards production close to customers has reinforced this development. In addition, new plastic processing capacity will also occur in areas that are conducive to obtaining raw materials, such as the Gulf region.  Which technological trends are changing plastic technology? Many technological trends have determined the development of the plastics industry. Among them, the most important ones are as follows:    Lightweight: Lightweight parts and material saving products made of plastics and composite materials have ushered in an increase in demand. Among them, used in automobiles and airplanes The plastic parts reduce the impact on the environment.  Resource efficiency: In many countries, the sustainable development of society is driving the development of circular economy. People require plastic processors to consider circular economy when designing products.   Additive manufacturing: Additive manufacturing (3D printing) has become a supplement to traditional plastic processing technology in many fields. In the field of prototype manufacturing, mass production, spare parts supply, and even small batch manufacturing, additive manufacturing can be used for flexible production.  Industry digitization: Digitization continues to deepen in the development of the modern plastic processing industry. With digital technology, plastic processing processes have become more transparent and flexible, and the potential for production automation has been further enlarged.                                

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