Market News Molded Plastics Market Extraordinary Growth: Expected to Surpass $869.2 Billion by 2031 December 9, 2023 by plasticsinfomart According to a new report published by Allied Market Research, titled, “Molded Plastics Market,” The molded plastics market was valued at $573.3 billion in 2021, and is estimated to reach $869.2 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. The global molded plastics market is expected to possess high growth […] Read more »
injection molding machine Metal Injection Molding Line Launches December 9, 2023 / December 9, 2023 by plasticsinfomart Injection molding machine supplier Sodick IMM by Plustech is entering the metal injection molding (MIM) space with its new Micro MIM (m:MIM) line. Described as a precision metal powder injection molding machine, m:MIM is based on the company’s V-Line melt preparation and delivery system with a newly designed injection unit dedicated to micro MIM molding. Sodick Plustech […] Read more »
Machinery News Injection Molding Shipments Continue Slide, Extrusion a Bright Spot December 9, 2023 by plasticsinfomart The Plastics Industry Association’s (PLASTICS) Committee on Equipment Statistics (CES) released third-quarter shipment data for primary plastics machinery in North America, with total shipment value down 1.5% to $345.8 million from the previous quarter’s revised figure of $351.0 million. Year over year, total shipment value was down 2.3%. Single-screw extruders surged upward 30.5% quarter-over-quarter and […] Read more »
Industry News Plastic companies experience a division in profit outcomes December 9, 2023 by plasticsinfomart The plastic industry is currently experiencing a decline in revenue, but there are notable differences in business performance among enterprises. BMP, NTP, AAA: Profit growth Bình Minh Plastic Joint Stock Company (BMP) reported third quarter 2023 revenue of VNĐ926 billion, down 38 per cent. However, profit after tax exceeded VNĐ208 billion, an increase of more […] Read more »
Recycling News Plastics Recyclers Europe manifesto targets progress and competitiveness for plastics industry December 7, 2023 by plasticsinfomart The 2024-2029 term is described as a ‘decisive moment’ for achieving the objectives of the Green Deal and reaching circularity for plastics. Plastics Recyclers Europe underlines roadblocks in collection, design for recycling, and uptake, as well as the creation of transparent rules to ensure progress towards EU targets, as key focus points for the coming […] Read more »
Breaking News Great news: Big breakthrough in transforming plastic pollution December 7, 2023 by plasticsinfomart Researchers at Northwestern University have made a groundbreaking discovery in the field of environmental science by developing a new catalyst that can completely break down Nylon-6, a highly durable plastic commonly used in fishing nets, carpets, and clothing. This innovative process, which recovers 99% of the monomers – the basic building blocks of nylon – has […] Read more »
Plastics Industry Pollution New circular economy roadmap reveals how to reduce plastic waste in India December 7, 2023 / December 8, 2023 by plasticsinfomart A roadmap to significantly reduce plastic waste in India has been released today, with CSIRO collaborating with The Energy and Resources Institute (TERI), the Council of Scientific and Industrial Research-National Environmental Engineering Research Institute (CSIR-NEERI), Development Alternatives, the University of New South Wales, and the University of Technology Sydney’s Institute for Sustainable Futures. The National […] Read more »
Plastic Packaging SEE designs plastic out of food packaging with paper-based bottom web December 7, 2023 / December 8, 2023 by plasticsinfomart Made with 90% FSC-certified fibres, the new CRYOVAC brand Barrier Formable Paper is said to reduce plastic by 77% in bottom web packaging in comparison to a PET/PE bottom web. It is compatible with both Vacuum Skin Packaging (VSP) and Modified Atmosphere Packaging (MAP) top webs, SEE claims, as well as the CRYOVAC brand Darfresh […] Read more »
