Europe: Plastics, rubber machinery manufacturers expect growth of 2%

Markets Europe: Plastics, rubber machinery manufacturers expect growth of 2%

16.12.2016Editor: Barbara Schulz

Europe’s plastics and rubber machinery manufacturers anticipate that sales will grow by an average of 1.8% in the current year and in the two years ahead.

In the years 2016 to 2018, global sales of plastics and rubber machinery are expected to grow by an average of 3.4%, with China as the main growth driver, Euromap said at a press conference at K 2016.
(Source: Euromap/VDMA)

“This forecast means that the industry in the member countries of Euromap will continue to grow,” Luciano Anceschi, president of Euromap, the European umbrella organisation for the most important national plastics and rubber machinery associations, said. “Between 2005 and 2015, sales in our countries rose from €9.3bn to €13.5bn, up by a noteworthy 46%, albeit less than the 83% growth recorded worldwide in the same period.”

With a worth of $295.4 billion the consumption of plastics reached a historic high in the USA.

“At the same time, exports from Euromap countries rose by 52%," Euromap VP Dr Karlheinz Bourdon added. "For us Europeans, the whole world is our market, whereas in the last decade China was still predominantly serving its own market." In 2015, the Euromap countries as a whole accounted for 47% of world exports, while China’s share, following a surge in exports, reached 15%, Bourdon said.

(ID:44435114)