Hungry for good news about the growth of the rigid plastic food packaging market? The global rigid plastic packaging market (which includes food packaging) was valued at $216 billion in 2018, and is projected to reach $340 billion by 2026. That translates to a compound annual growth rate (CAGR) of 5.6% from 2019 to 2026….
Filed Under:Plastic food packaging
While some in our industry decry growing consumer and business demand for recycled and bio-degradable plastics, there is at least one group of folks who are happy about it: plastic injection molding machinery manufacturers. Could be because global market demand for plastics processing machinery is expected to reach $24.3 billion by 2025. Of course, the…
Filed Under:Uncategorized
Like true romance, there’s a whole host of variables that have to be just-so in the plastic injection molding process if the marriage of resin to mold is going to birth a new plastic part. It’s oh-so-easy for something – anything – to go awry and ruin the part. But again, just like in romance,…
Filed Under:Uncategorized
Despite a few detours in the automotive market, the future for plastic injection molded car parts is quite rosy, according to industry analysts. Here are the “signs” that plastic automotive components are moving into the fast lane: Overall, the global plastic injection molding market is expected to grow to $345 billion by 2024. And the…
Filed Under:Uncategorized
Choosing the correct medical-grade plastic for a medical device or component can be literally a “life or death” decision. Even if not that dire, selecting, then plastic-injection-molding a device that is often surgically-implanted in a human body, is qualitatively different than manufacturing a plastic toy or soda bottle cap! Why are plastic polymers regarded so…
Filed Under:Uncategorized
At the risk of mixing metaphors (or, at least, materials), it’s a “golden” age for plastic. Let’s do the math: the market for plastic injection molded parts stands at $325 billion and is expected to surge 5.7% by 2025, with more to come after that. The hyper-developing economies of Asia, as well as improved processes…
Filed Under:Uncategorized
High tolerance may be desirable when someone cuts you off in traffic (and you don’t want to fly into road rage) but it’s something that, well, plastic injection molders just can’t tolerate. Especially plastic molders of medical devices, such as hip replacement sockets or heart valves. The answer for many plastic injection molding companies is…
Filed Under:medical dental plastic supplies
It pays to innovate. More specifically, innovation can save you millions on your taxes, if your plastic injection molding company leverages the Research and Development Tax Credit. Each year, the RDTC saves U.S. businesses $10 billion every year and has helped thousands of plastic injection molding companies become more competitive in the global marketplace at…
Filed Under:Plastic Injection Molding News , Uncategorized
The global market for plastic injection molded parts is estimated conservatively at $325 billion, and this number is expected to grow by 5.7% through at least 2025. Super-charged by dozens of exploding Asian economies, while leveraging process efficiencies as well as new resin varieties, the utilization of plastic components in increasingly more sophisticated applications present…
Filed Under:All-Electric Molding , Uncategorized
The ubiquity of plastic injection molding has produced a plethora of resins to choose from. That said, there are five which are consistently at the top of any molder’s list when it comes to utility. Forthwith, a handy comparison chart: Materials Tensile Strength (73° F) (Units: psi) Flexural Modulus of Elasticity (73° F) (Units: psi)…
Filed Under:Uncategorized