Market Trends of Latin America Injection Molding Machines Industry
This section covers the major market trends shaping the Latin America Injection Molding Machines Market according to our research experts:
High Demand from the Packaging Industry
- All of the packaging products used in day-to-day life, such as mobile phone, lunch boxes, mouse housing, bottle caps, etc., are produced using an injection molding process.
- In packaging, the most required properties are functionality, material savings, convenience, and best technical properties. Injection molding technologies are used to meet these properties.
- The Brazilian packaging industry witnessed moderate growth, owing to the sale of packaged foods, beverages, beauty and personal care, and home care products.
- Additionally, the retail e-commerce business has been witnessing rapid growth. This is augmenting the demand for packaging materials.
- The Mexican packaging industry is dynamic. The industry offers a wide range of opportunities. However, the market is witnessing new opportunities in the pharmaceutical, cosmetics, and personal care industries.
- Many multinational packaging companies have successfully entered the Mexican market. Increasing demand from the consumer goods sector enabled manufacturers of packaging materials to expand in the Mexican market.
- Thus, the packaging industry’s growth is likely to boost the demand for injection molding machines in Latin America, during the forecast period.
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Brazil to Dominate the Market
- Brazil is playing a leading role in the plastic industry and serves as an important bridge between South America and other regions of the world, such as North America, Central America, Europe, and Asia.
- Events, like the International Plastic Trade Fair (FEIPLASTIC) and Plástico Brasil, highlight the importance of Brazil, as a gateway to the South American market.
- Plastico Brasil (International Plastic and Rubber Exhibitions) confirmed its position as the largest exhibition in Latin America, with a large volume of business deals and leading technologies.
- In Brazil, economical hydraulic injection molding machines for technical injection molding are as much in demand as efficient automation and high-speed machines for the packaging industry and medical technologies.
- In addition to the sophisticated applications that require tailor-made injection molding solutions, there is a strong demand in Brazil for injection molding machines that handle standard applications.
- All the aforementioned factors are expected to increase the demand for injection molding machines in the region during the forecast period.
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