Plastic Processing Machinery Market Trends

Around the world, the demand for plastic packaging is going up, especially in industries like food, beverages, consumer goods, electronics, and industry. People like using plastic packaging because it has many benefits. It doesn't react with many products, keeping items safe. The materials used can be made without any smell, protecting the item from different conditions. The product can even be sealed to make sure nothing leaks. These advantages are making more and more people want plastic packaging.

One of the main places where this demand is high is North America. The retail sector there is organized and highly regulated, which means it follows strict rules to keep items safe in different categories. According to the US Census Bureau, the money made from the US unlaminated film and plastic packaging materials industry is expected to reach USD 38 billion in 2024. This shows how much people are using plastic packaging, especially in North America.

In Europe, the growth of plastic packaging is also happening because of the benefits it offers. Compared to glass, plastic is lighter, which means it's easier to transport. Glass is heavier, needing more trips during transportation, which is not good for the environment. Also, for the end user, plastic is lighter and easier to handle. In 2018, the International Bottled Water Association (IBWA) used 13.8 billion gallons of bottled water. A survey showed that more than nine out of 10 Americans expect bottled water to be available wherever other drinks are sold.

HIGH DEMAND FOR PLASTICS IN HEALTHCARE

When the coronavirus pandemic hit, everything changed, including how industries work, how people buy things, and how products are made. Many places faced challenges because of temporary closures and restrictions. However, despite all these challenges, the demand for plastics went up in 2020. This was seen in major countries like North America, where sales and production of plastics increased a lot.

Plastic materials became very important in the healthcare sector during the pandemic. They were widely used to make hospital equipment and personal protective equipment (PPE). This helped a lot in controlling the spread of the virus. Plastics played a crucial role in dealing with the challenges brought by the pandemic, and this is expected to continue in the future. The medical device industry, which uses a lot of plastics, has good prospects for growth in the coming years.

In simple terms, people are using more plastic packaging, especially in North America and Europe. The benefits of plastic, like being light and easy to use, are driving this demand. Even in tough times like the COVID-19 pandemic, the demand for plastics increased, especially in healthcare. Plastics became essential in making equipment and protective gear. So, the use of plastics is expected to keep growing, helping in various industries and keeping things safe for people.