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$162.06 Billion Taken For Granted

09Jan

It’s So Obvious! But, of course, it’s not that simple. We take them for granted, the everyday products that help make life easier, like smart phones, automobiles, computers and lifesaving medical devices, which are all mass produced in large manufacturing facilities by plastic injection molding companies.

If these every day products made by plastic injection molding companies, part of the $162.06 Billion dollar forecast for 2020, were not produced via large 1,000 ton injection molding machines, like those at PM Plastics, you and me, regular hard working people, would never be able to afford or have access to 90% of the products we rely on every day.

The good news is injection molded plastics are used in automated processes which reduce manufacturing costs. And even better news is that Plastic Injection Molding actually reduces waste in the production process.  Additionally we are constantly working on how to reduce waste even further.

With the ability to use different types of raw plastic simultaneously to produce plastic parts and technological advancements in robotics, processes like loading, finishing and assembling, it will continue to drive growth for the the world of Plastic Manufacturing and offer more products, recreational and lifesaving, for all of us.

The Plastic Manufacturing Industry is on track to hit $162.06 billion by 2020! Take a look at how the injection molded plastic world is segmented on the type of raw material, end-user industry and geography:

Raw materials:

  • Polypropylene ( #1 raw material used in plastic injection molding)
  • High density polyethylene (HDPE)
  • Polystyrene
  • Acrylonitrile Butadiene Styrene

End-User Segment:

  • Packaging (#1 leading application for plastic injection molding)
  • Automotive
  • Consumer Goods
  • Electronics
  • Building & Construction
  • Medical Disposal

Regions:

  • North America (#1 market for Plastic Injection molding)
  • Europe
  • Asia-Pacific
  • LAMEA (Latin America, Middle East and Africa)

There is a world of growth in store for our industry and we are setting records as a major force driving employment, innovation and product and material sales. Plastics remains the No. 3 U.S. manufacturing industry, behind the petroleum and automotive industries and ahead of basic chemicals.

We make real products that real people use every day.  We are your Aunts, Brothers, Fathers, Sisters, Mothers and Neighbors; we are your everyday hardworking people.  We have been proudly manufacturing products for  over 70 years. Our customers success is our success!

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