Demand for cranes in Philippine plastic factories in 2022

As a Chinese crane supplier with many years of crane service experience in the Филиппины, Dongqi has been paying attention to the changes in the Philippine market. Despite the impact of the COVID-19 epidemic, the demand for cranes in the Philippines has shown a relatively high growth in the past year. With the signing of RCEP, we also maintain a positive attitude towards the economic growth of the Philippines in 2022. Among the various industrial industries in the Philippines, plastic products factories have high demand for cranes. We are particularly concerned about the growth of plastic products factories in 2022. Performance.

A research report from marketresearch shows that the Philippine plastics market is expected to grow at a CAGR of over 5% during the forecast period (2021-2026).

Key Market TrendsInjection Molding Technology to Dominate the Market

• Injection molding is mostly done using virgin or high-quality processing resins. High-performance plastic pallets are usually injection molded. Injection molding is a relatively capital-consuming process, but offers the advantage of high-speed processes.
• Therefore, injection molding is found to be beneficial in the bulk production of plastic pallets. Injection molding processes are used in wire spools, packaging, bottle caps, automotive dashboards, pocket combs, etc.
• The explosive growth of local automotive, packaging, and chemical processing industries, across the world, is expected to provide a favorable market for injection molding.
• Owing to the advantageous geographical location of Philippines, with easy access to the rapidly growing Asia-Pacific end users, the consumption of injection molded plastic pallets is expected to increase drastically.
• Philippines government legislations and recycling reforms, in order to reduce plastic litter, further strengthen the market scenario for injection molding manufacturing processes.
• However, strict measures against the recent COVID-19 outbreak in the country may negatively affect the growth of the end-user industries mentioned above, and as a result, can hinder the market demand over the short-term.
• Owing to the increasing demand from various end-user industries, the market for injection molding is projected to increase later in the forecast period.

Growing Demand from Packaging Industry

• Packaging accounts for the largest application segment in the Philippines plastics market. The prime reasons for the growing application of engineering plastics, in the packaging segment, are better wear and chemical resistance, ease of molding, recyclability, puncture resistance, and high mechanical strength.
• Some of the major applications of engineering plastics, in the packaging segment, are as follows: packaging of bottled water, flexible packaging, such as sausage skin, flexible foils, such as shopping bag.
• Polyethylene terephthalate (PET) is one of the plastics majorly used for packaging purposes, mostly in the food and beverage industry. Portability, design flexibility, ease of cleaning, light weight, and protection against moisture, are a few properties of PET, which makes it suitable for packaging purposes. In addition, low handling hazards, low toxicity, and absence of bisphenol A (BPA) and heavy metals are some of the other factors that allow PET to be used for food packaging.
• PETs are used for making clamshells, bakery and take-out containers, microwaveable food trays, carbonated soft drink bottles, and other packages. Other applications include packaging materials for cooking oils, shampoo, hand wash, and more products.
• Polyamide is another major engineering plastic that finds major application in the packaging sector. Bi-axially oriented and non-oriented polyamide films are used in medical and food packaging, owing to the former’s high impact strength and good heat resistance.
• In terms of food packaging, the growing demand for food in the country is a major driving factor for the packaging sector, which further increases the demand for plastic in the country. The revenue generated by the food industry in the country has increased from USD 11,980 million in 2010 to around USD 20,245 million in 2019, which has led to the growth of food packaging in the country, thereby driving the plastics market demand.
• Increasing household and commercial applications for containers, plastic bags, canisters, and tableware, among others, are expected to drive the consumption demand for plastics in the packaging sector, during the forecast period.
• The usage of plastics for packaging products is expected to experience a fairly steady demand, during the forecast period. Requirements for rubber gloves in the healthcare sector, stretch films, garbage bags, and other medical devices, are anticipated to witness greater demand, in the coming years.

How Philippine Plastic Products Factory Customized Cranes from China

Depending on the use environment and conditions, we will recommend different types of lifting equipment for customers. Light lifting equipment includes electric hoist and электрическая лебедка, and medium and large lifting equipment includes gantry crane, overhead crane and jib crane. If you have any questions about cranes, you can Связаться с нами at any time, and our sales managers will provide you with the most reasonable crane solutions.

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