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Rising demand for foamed plastics, plastics equipment

According to the Freedonia Group’s “Foamed Plastics” study ($3꺜), the demand for foamed plastics in the United States is predicted to rise nearly 3% per year to 7.8 billion lb in 2005.

Urethane demand will grow in part from cushioning applications; polystyrene from packaging/insulation uses. Freedonia’s “Plastics Processing Machinery” study, available for $3길, forecasts U.S. demand for such machinery to climb 3% per year to $2.8 billion in 2005. Conversions from competitive materials and advanced machine designs will help fuel the growth. While injection-molding equipment will remain the largest market segment, blow-molding machinery will increase 3.2% annually, says the study, due to expanding demand for plastic bottles and continuing technological developments. For more information, call Corinne Gangloff at 440/684-9600, or visit www.freedoniagroup.com.

Annual Outlook Report: Workforce
Hiring remains a major challenge in packaging, with 78% struggling to fill unskilled roles and 84% lacking experienced workers. As automation grows, companies must rethink hiring and training. Download the full report for key insights.
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Annual Outlook Report: Workforce
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