Industry Analysis & Industry Trends
According to the British Plastics Federation, the UK plastics industries are global leaders, dominating in three core areas: material and additive manufacture, material processors and machinery manufacture. With over 7,000 companies and in excess of 180,000 employees, the industries are estimated to produce 2,500 tonnes of plastics each year, generating annual sales of roughly £19 billion. In 2010, the United Kingdom was estimated to account for 1.5% of world plastics production.
The Primary Form Plastics Manufacturing industry, though small, forms a key component of the plastics value chain. Primary form plastics comprise polymers or resins and are used in the production of thousands of products... purchase to read more
Industry Report - Industry Investment Chapter
As with most industries in the UK chemical sector, the Primary Form Plastics Manufacturing industry is capital intensive. This reflects the high-cost nature of the plants used to manufacture industry products. According to the British Plastics Federation, the UK plastics industries are global leaders due to their focus on cutting-edge technology and innovation, which requires considerable capital resources and R&D expenditure.
Over the past five years, a number of players have undertaken capital improvement programmes designed to improve operating efficiencies and increase operating scale... purchase to read more