CLEVELAND (Jan. 8, 10:25 a.m. ET) — Demand for plastic film in the United States will grow 1.8 percent annually to reach 15.9 billion pounds in 2016, according to a new market study. Demand for polypropylene and linear low density polyethylene film will both exceed 2 percen annually, driven by food packaging and other applications.
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.