Canadian Plastics

Category
Market Forecast

News
October 18, 2021  

3D printing materials market will reach $3.18 billion by 2027, report says

The market will be driven by a rising demand for customization, the new study from Frost & Sullivan says.

News
October 13, 2021  

Canada had $1.9 billion merchandise trade surplus for August, StatCan says

The result compared with a trade surplus of $736 million in July.

News
October 13, 2021  

Global pneumatic conveying systems market to reach $8.7 billion by 2027, report says

Growth in the vacuum pressure conveying segment will reach 5.7 per cent CAGR for the next seven-year period, the report from ReportLinker said.

News
October 13, 2021  

U.S. plastics industry trade improves in 2021 after 2020 pandemic slump, report says

The Plastics Industry Association report said that Mexico and Canada remained the U.S. plastics industry’s largest export markets.

News
October 13, 2021  

Canadian small- and medium-sized businesses confident of economic rebound and future growth: KPMG

The latest KPMG Business Outlook Poll finds digital investments as key to growth, but challenges finding tech talent and supply chain risks could hold them back.

News
September 27, 2021  

Plastic resin emerges as tiniest example of enduring COVID-19 supply chain crunch

Industry experts say the ongoing shortage of the ubiquitous material is unlikely to be resolved quickly, and that plastic resin price hikes are trickling down to consumer goods and adding to inflation.

News
September 24, 2021  

Semiconductor chip shortage will cost the auto industry $210B in 2021, new forecast says

Consulting firm AlixPartners also says that production of 7.7 million units will be lost in 2021, up from its earlier forecast of 3.9 million units.

News
September 23, 2021  

Canadian CEOs see M&A as key to driving growth, KPMG surveys say

The vast majority of CEOs at Canada’s biggest corporations, and almost half of SMEs, are bullish about mergers and acquisitions, the surveys find.

News
September 22, 2021  

Report indicates continued U.S. plastics industry growth in 2021

Real plastics industry shipments are expected to increase 2.2 per cent this year following a 0.9 per cent decrease last year, according to the Plastics Industry Association’s latest Size & Impact report.

News
September 9, 2021  

Global plastic compounding market will reach $93.1 billion by 2028: report

Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components, the report from Research & Markets said.

News
September 8, 2021  

North American machinery shipments slowed in the second quarter

While new orders of plastics equipment have been increasing, ongoing supply chain issues are causing longer order-to-delivery timelines, a new report from the Plastics Industry Association says.

News
September 8, 2021  

Digital skills shortage, lack of skilled labour are biggest issues for businesses, survey says

The most recent KPMG business outlook poll identified the inability to find and retain talent as the biggest threat to the growth prospects of businesses across the country.

News
August 26, 2021  

Global EV sales to reach 5.3 million units in 2021: Frost & Sullivan

Intensifying electrification and fuel economy targets are set to propel EV market growth, according to a new Frost & Sullivan report.

News
August 9, 2021  

Magna cuts 2021 revenue forecast as chip shortages expected to reduce vehicle output

But sales more than doubled to $9 billion, reflecting a global light vehicle production increase of 58 per cent.

News
July 28, 2021  

Wittmann Battenfeld sets monthly sales record for robots in the U.S.

The company sold more than 80 robots in the U.S. in June, and says it’s on track to have a record year in 2021.

News
July 14, 2021  

43 per cent of Canadian companies plan to add new positions in the second half of 2021

Another 54 per cent plan to fill vacated positions or bring back temporarily laid off employees, a new survey shows.

News
June 23, 2021  

Manufacturing industry continues to lose millions due to border issues, survey says

Sixty-nine per cent of respondents have experienced loss of contracts due to border issues.

News
June 22, 2021  

Engel back on “growth course,” company says

The Austrian machinery maker is once again operating at full capacity, with an order backlog not seen since 2018.

News
June 22, 2021  

Plastics machinery shipments down in Q1 but “poised for growth,” report says

North American shipments of primary plastics machinery decreased following three consecutive quarters of growth, the report says.

News
May 20, 2021  

Report forecasts solid growth for global plastics industry, predicts defining trends

With sustainability spurring innovation, the market is estimated to reach $558.71 billion in 2021, up from $533.04 billion in 2020, with a CAGR of 4.8%.

Feature
May 12, 2021  

Injection molding machine market to reach $12.3 billion by 2025, report says

Factors such as growing demand from the healthcare industry, rapid industrialization in growing economies, and increasing demand for plastic molds in electric vehicles will drive the market.

News
May 12, 2021  

Q1 2021 robot orders surge 20 per cent over 2020, association says

The strong Q1 for robot orders was the second-best start to any year on record, the A3 association said, and the second-best quarter on record for non-automotive orders.

News
April 29, 2021  

Global PET stretch blow molding machine market to hit $1.36 billion by 2027, study says

The global market continues to be dominated by Europe, the study says, but the APAC region is expected to have the fastest CAGR from 2020 to 2027.

News
April 28, 2021  

North American manufacturing rebounding from a challenging 2020, survey shows

Twenty-five per cent of the plastics processors and moldmakers surveyed broke even or lost money in 2020.

News
April 16, 2021  

European plastics industry faces extreme raw materials shortages, price increases, association says

The situation threatens the economic survival of numerous SMEs and endangers the production of a wide range of products, the European Plastics Converters group says.

News
April 14, 2021  

Global pneumatic conveying system market keeps growing, report says

The market is experiencing steady growth at a 6% CAGR, a new forecast from market analyst firm Market Research Future says, and this should continue through to 2022.

News
March 19, 2021  

ANALYSIS: Texas deep freeze: Lingering impacts on U.S. petrochemical industry

Operations at U.S. Gulf Coast petrochemical facilities have yet to fully recover one month after freezing temperatures triggered widespread power outages and plant shutdowns.

News
March 16, 2021  

New president and CEO for purchasing consultancy RTi

The Fort Worth, Tex.-based firm has named Robert Rosales as its new head, replacing outgoing president and CEO Pete Suerken.

News
March 1, 2021  

Canadian manufacturing growth picked up in February, report says

An improving domestic demand picture, greater purchasing activity, and a sustained period of employment suggests firms expect greater output in the months ahead, the report from IHS Markit said.

News
February 18, 2021  

U.S. winter storm impacting the polyester value chain, analyst says

The storm currently raging in Texas could have an impact on the global polyester chain, according to market analyst Wood Mackenzie.

News
February 17, 2021  

North American machinery shipments up nearly 20% in Q4, report says

Canada and Mexico remained the top export markets for U.S. equipment suppliers in the fourth quarter, the report from the Plastics Industry Association said.

News
February 4, 2021  

European flexible packaging manufacturers “very concerned” about polymer shortage and price development

The Flexible Packaging Europe association blames force majeure declarations, maintenance announcements, and price increases by European polymer manufacturers for creating sudden and significant shortages.