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‘Global molded plastic packaging market sees steady growth from 2016 to 2020’
August 12, 2016

Plastics Industry

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We all know that plastics are responsible for innumerable aspects of the present life that we enjoy today. Be it sports, nutrition, transportation, shelter, or innovations in the industry, plastics have the ability to deliver abundant benefits to you and to the world you live in. And it is all because of the makers and creators of the plastic industry.

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In the U.S., the plastic industry accounts for above $374 billion dollars in shipments each year and directly takes up around 900 thousand people.

The main function of the plastics industry is to manufacture polymer materials known as plastics and provide services in plastics that are essential for a number of industries including building and construction, packaging, chemicals, pharmaceuticals, petrochemical, transportation and electronics.

Apart from production of plastics, plastics engineering is a vital part of the industrial division. The latter involves manufacturing plastic as a raw material due to its improved thermal and mechanical features than the more commonly employed commodity plastic.

The top three industries for plastic include building and construction, automobile and packaging, according to a survey.

Nowadays, the production of plastic is expanding on an international level and it includes polyurethanes, thermoplastics, adhesives, coatings, and sealants.

 

 

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