Canadian Plastics

Market Forecast

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.

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.

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.

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.

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.

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%.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

December 15, 2020  

Manufacturing sales edged up 0.3% in October, StatCan says

Manufacturing sales grew to $54.1 billion led by the paper, petroleum, and coal industries, and with 2.2% growth for plastic and rubber product manufacturers.

December 14, 2020  

Recovery of Canada’s plastics, chemical industries will be based on investment attraction, CIAC head says

CIAC president and CEO Bob Masterson also outlined the chemistry and plastics industries’ role in Canada’s economic recovery in a presentation to the federal government’s Standing Finance Committee.

November 30, 2020  

Global auto sales improve modestly again in October, report says

On a year-over-year basis, sales were in positive territory for a second consecutive month since the pandemic struck, Scotiabank’s latest Global Auto Report says.

November 24, 2020  

Two-thirds of Canadian business owners negatively impacted by COVID-19: CIBC poll

But the majority (75%) of business owners remain optimistic they will rebound once the pandemic subsides, the poll also found.

November 17, 2020  

North American primary plastics machinery shipments continue recovery in third quarter

Canada and Mexico remained the top export markets for U.S. equipment suppliers in the third quarter, according to the Plastics Industry Association’s committee on equipment statistics.

November 9, 2020  

Demand from packaging and healthcare segments to help polyolefins market stay afloat amid COVID-19, report says

The global polyolefins market is expected to decline in 2020 due to weaker end-market demand, analytics firm GlobalData says, but there will be strong gains in these other sectors.

November 4, 2020  

ATS Automation reports orders up in Q2 2021 results

In reporting its financial results for the three and six months ended September 27, 2020, the Cambridge, Ont.-based company cited a decrease in revenue of two per cent but an increase in order bookings.

October 23, 2020  

U.S. plastics industry reports another year of trade surplus

Mexico and Canada remain the U.S. plastics industry’s largest export markets, the new report from the Plastics Industry Association says.

October 22, 2020  

Both Biden and Trump victories present implications for Canada’s economy, new report says

The report from RSM Canada concludes that no matter the outcome of the U.S. presidential election, Canada’s recovery from wave two of the coronavirus pandemic and its longer-term outlook will be impacted.

October 21, 2020  

What will the 2020 elections mean for U.S. energy?

Ten key issues to watch, according to global energy consultancy group Wood Mackenzie.

October 19, 2020  

Bioplastics will need significant government intervention to realize full potential, report says

In order to achieve the scale needed to play a meaningful role, the report from Wood Mackenzie says, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale.

October 16, 2020  

Industry consultant predicts 31% drop in North American tooling spend in 2020

Harbour Results says that the 2020 automotive vendor tooling spend in North America will be $6.4 billion, which is $.4 billion less than originally forecasted in 2019.

October 7, 2020  

Canadian small business owners cautiously optimistic about the future, Scotiabank report says

Forty per cent of small business owners are either “very” or “extremely” optimistic about the future of their business, Scotiabank said.

September 30, 2020  

Plastics industry 8th largest in U.S., new report says

The plastics industry is a key part of the American economy, the report from Plastics Industry Association said, accounting for an estimated $432 billion in shipments and over a million workers in 2019.