Plastics production on the rise

By Hamish Champ
PRW

Published: October 22, 2013 10:39 am ET
Updated: October 22, 2013 10:43 am ET

Related to this story

Topics Industry Trends, K 2013, Business News & Features

DÜSSELDORF, GERMANY — World production of plastics rose nearly 3 percent in 2012, according to figures from PlasticsEurope, the Brussels-based trade association.

Volumes rose from 280 million metric tons to 288 tonnes, said PlasticsEurope's executive director, Wilfried Haensel. In Europe the picture was more downbeat, with production sliding 3 percent and demand falling 2.5 percent, thanks to decreasing demand in key sectors such as packaging, building and construction and automotive.

Regarding difficulties Europe has experienced since the 2008-09 financial crisis, he said: "Even if we would have preferred a quicker recovery, we have so far managed to dodge the threat of globalization and remain competitive and innovative, thereby contributing 2.6 percent to Europe's GDP."

But he said lower energy and raw material prices remain "a substantial challenge."

Patrick Thomas, PlasticsEurope president and CEO of BayerMaterialScience, said 2013 would likely be viewed as one of stabilization while 2014 industry predictions suggested a "slight recovery."

PlasticsEurope also released data showing recycling and energy recovery rates of 26.3 percent (up 4.9 percent) and 35.6 percent (up 3.3 percent), respectively. Europe saw a total recovery rate of an average of 61.9 percent, up 4 percent vs. 2011.

Haensel pointed out that recycling and energy recovery vary significantly among European countries, with some recovering 100 percent of post-consumer waste and others, notably the U.K., could not reach 30 percent. In a business-as-usual scenario, Haensel said zero plastics to landfill could be achieved by 2037, but the industry is keen to accelerate this process.

"Can we afford to throw away 70 billion euros [$96 billion]? I don't think society can and nor should it," he added.


Comments

Plastics production on the rise

By Hamish Champ
PRW

Published: October 22, 2013 10:39 am ET
Updated: October 22, 2013 10:43 am ET

Post Your Comments


Back to story

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events