The health crisis posed tremendous challenges, not only to the economies but also to the sociopolitical conditions of affected countries. The pandemic brought uncertainties and the negative impact has been reflected in the disruption of supply chains and subsequent business losses. The United Nations forecast that the pandemic will shrink the global economy by 3.2% in 2020 with global economic output declining by $8.5 billion over the next two years. The World Bank estimates a 0.5% growth in the East Asia and Pacific region in 2020 but will rebound to 5.4% in 2021. China, which is expected to slow to 1% this year, is projected to recover with the growth of 6.9% in 2021; while countries in Southeast Asia are showing their resiliency and on the way to an economic rebound starting 2021.
As the countries around the world work to fight the coronavirus, the role of the plastics industry has gained importance as producers perform the urgent tasks of supplying personal protective equipment, masks, protective shields, ventilators, and other medical supplies. Plastics also became a convenient packaging for foods and other products. Despite the supply disruption and shutdown of industrial production in some countries, the global plastic market is projected to grow by 3.2% from 2020 to 2027, based on Grand View Research estimates. Industry analysts anticipate demand for plastics to remain high in such sectors as packaging, automotive, medical, electronics/electrical, and construction in 2021.
In this special Outlook 2021 report, the editorial team of International Plastics News for Asia, gathers the insights of representatives from leading companies on the factors that affected their operations in 2020, how they meet the challenges posed by the pandemic, and what future industry trends will affect their product development in 2021.
TECHNOLOGY AND MACHINERY
Major step forward for digitalisation
Diese Geschichte stammt aus der December 2020-Ausgabe von International Plastics News for Asia.
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Diese Geschichte stammt aus der December 2020-Ausgabe von International Plastics News for Asia.
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Industry innovations aimed towards a greener future
Sustainability and circular economy, energy saving technologies, high-performance materials with enhanced properties, and cost-efficient production processes are expected to dominate the plastics industry in 2022 and beyond.
Special extrusion lines for bioplastic compounds
The biodegradable and compostable plastics sector is growing steadily, and this is partly due to the fact that several measures have been taken, especially in the EU, to cut down on single-use plastics.
Plastics revolutionise medical device production
The coronavirus pandemic has brought into focus the urgent need for medical supplies – which included medical disposables, medical devices, laboratory equipment, and many others.
Spinning and recycling go together in a single step
As a medium-sized German machine construction business, BB Engineering has been manufacturing components and systems for synthetic fibre and film production for more than 20 years.
Advanced high-performance light stabilisers
A range of high-performance light stabilisers with enhanced properties are now being made available.
ArabPlast holds successful edition
The 15th Edition of ArabPlast was held on 15-18November 2021 at the Dubai World Trade Centre, Dubai, U.A.E. Spanning over 28 years, ArabPlast is an exclusive event for plastics, petrochemicals, packaging and rubber industry, and serves as an attractive platform where global industry players show off their products to the Middle East market.
Food-grade plastics recycling facility installed in India
The well-established Indian recycler commissioned a PET bottle-to-bottle and a post-consumer polyolefin recycling line from Starlinger in mid-September.
How to bring down downtime in manufacturing
For most of us, the word downtime conjures images of relaxation.
Optimistic forecast for blow moulded plastics market
Growing demand from key applications is a key factor in the projected growth of the blow moulding sector.
The benefits of dedicated system for mould development
When it comes to useful tools that can enhance teamwork efficiency, we usually think of the Product Lifecycle Management (PLM) systems.
