AKRON, OHIO (Aug. 23, 1:30 p.m. ET) — The global medical-device market is a potential gold mine for plastics processors who understand complicated dynamics and are willing to work within the high barriers to entry, according to a research report from Plastics News.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.