6 PLASTIC MANUFACTURING COUNTRIES AROUND THE WORLD

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In 2021, the plastic market had a global value of $593 billion U.S. dollars. Plastic growth is expected to rise by 3.7% between 2022 to 2030. This growth stems from increased plastic use in construction, packaging, electrical and electronics, and automotive industries. Current E.P.A. regulations to decrease vehicle weight leading to improved fuel efficiency and reduced carbon emissions are a leading factor for the increase in plastic consumption as an alternative for metals.

With plastic usage on the rise, it is vital to know where to place your trust when it comes to your plastic manufacturing.  You don’t want to be left in the lurch and playing catch up. In this article, we will discuss six countries that are popular locations for plastic manufacturing, and what makes each region unique.

Vietnam 

Vietnam, along with Germany, are some of the best countries outside of China to move your plastic manufacturing to.

In 2019, the Vietnam plastic industry produced 8.89 million tons of products. The plastics industry contributed an estimated $17.5 billion U.S. dollars to the Vietnamese national economy, representing 6.7% of their G.D.P.

Mexico

Mexico is close and a wonderful country to look as a plastic manufacturing source.

Mexico is always a great country to consider due to its proximity to the United States. The plastic industry in Mexico has more than 4,100 companies throughout Mexico. They are currently the 11th largest manufacturer of plastic products globally.

Brazil

Look at Brazil as a country to move your plastic manufacturing to do with ITI Manufacturing's help.

Brazil produced 7.3 million metric tons of plastic in 2020. Experts expect the Brazilian plastic market to grow with a compound annual growth rate (CAGR) of 1.47% between 2021-2026. Brazil consolidated their resin industry into one large national company.

South Korea

South Korea is another great plastic manufacturing country that ITI Manufacturing can help you move to.

South Korea is also an excellent plastic manufacturing country for moving your product. In 2017, South Korea produced 1.70 million metric tons of plastic resin and saw an increase to 1.77 million tons one year later. A majority of these are found in your electronics and the automotive industry.

Germany

Germany is not only a top metal manufacturing country but also a plastic manufacturer.  Let ITI Manufacturing help you set up shop there.

Germany is the second-largest plastic manufacturing company, only behind China. Their global production share of plastics is around 8%. In 2015, the country exported nearly 12% of the world’s plastic goods and accumulated more than $7.8 billion in exported goods.  

Italy

Italy is an up and coming plastic manufacturing country that ITI can help you move to.

While mainly known for food exports, Italy makes up 4% of the world’s plastics exports, with a plastics industry worth about $2.6 billion, and it is a country slowly on the rise. Italy is number 2 in plastic manufacturing within Europe, behind only Germany.

Time and Time Again

Manufacturing plastic products and components in any foreign county has its advantages. It also obviously has risks. You need the correct county, factory, and company to manage your offshore supply chain. If you have the personnel, experience, and expertise to do it yourself, congratulations. If you do not, best to let a professional offshore manufacturing organization do what it does best, and you concentrate on what your company does best. 

ITI Manufacturing has the experience and expertise to ensure your products and components are manufactured to your specifications while keeping you informed, at a minimum, weekly as to the status of your project. ITI Manufacturing is also the driver of resolving all issues that present themselves. We intentionally and relentlessly acknowledge and resolve all issues to our customer’s satisfaction, not on our satisfaction, not the factory’s satisfaction, but our customer’s satisfaction. This focus has been our practice since 1974.

To discuss your offshore plastic manufacturing situation,

Contact ITI Today

Manufacturing Overseas can be Simplified and Cost Effective

Simplify it with ITI Manufacturing

Manufacturing Overseas can be Simplified and Cost Effective

Simplify it with ITI Manufacturing

Rebecca Wells,

National Accounts Manager

Rebecca Wells joined the ITI team in 2021 as a National Account Manager. Rebecca has over 25 years of experience with customer relations and retention as a Project Manager, National Account Manager, and Sales Manager in the Packaging and Retail Industries. She is a Michigan native but considers herself a Texan after calling Houston home for over 15 years. Rebecca enjoys staying active with her family playing tennis and running on the weekends.