Plastic injection plastic will be worth $252 billion in 2018
Plastic injection plastic will be worth $252 billion in 2018
Transparency in Market Research, according to pr newswire (Transparency Market Research) the latest Market report, said the global production of injection molding plastic Market in 2010 is expected to close to 79.0795 million tons, by the end of 2018 will reach 116.2 million tons, from 2013 to 2018, the compound annual growth rate (CAGR) of 4.9%. The global injection plastic market is expected to reach us $168 billion in 2010 and is expected to reach us $252 billion by 2018, with annual compound growth of 5.3% between 2013 and 2018. In 2011, the asia-pacific region became the largest plastic injection market, with 37.2 percent of the global market, followed by North America and Europe.
Main factors to promote the development of injection molding plastic markets around the world including the development of the household and personal care market, in the market, is used in the manufacture of injection molding plastic main resin material, polypropylene is widely used. The global packaging market (mainly rigid packaging) is also driving the growth of injection plastic sales.
Packaging has become the largest area of the plastic injection market, with 31.9% of the market in 2011. The second is consumables and electronics, with a 30.1 percent share in the 2011 market, but it is developing at the fastest pace, with annual compound growth of 5.1 percent in 2013-2018.
