Plastic is strategic
in the world’s industrial
ARE YOU INTERESTED IN THIS MARKET?
The plastic sector is strategic in the world’s industrial framework. Since 1950 to date, the plastics industry has recorded steady growth in its production. Asia currently dominates plastic production (49%), followed by Europe (19%) and North America (18%). For this reason, it remains an area of opportunity to the Mexico and Latin America.
Due to the growing use of plastic as a raw material, many companies have improved their competitiveness by evaluating the option of replacing parts of the traditional manufacturing process with plastic elements in industries such the automotive, medical device, construction, containers/packaging, agricultural, and household appliance sectors, among many others.
The plastics industry is one of the few industries which has successfully managed to sustain a 4.8% growth rate since 2009. Such expansion of the use of plastic in niche industries implicitly creates the need for machines, molds, and resins.