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 ▪  OEM Make & Model:  2017 Hyundai Motor Co. Hyundai Elantra sedan

 ▪  Tier Supplier / Processor:  Seoyon E-Wha / Seoyon E-Wha    

London-based consultancy Frost & Sullivan new study, Analysis of the Global Flexible Plastic Packaging Market, Forecast to 2023, says growth opportunities look promising for the flexible plastic packaging market within a four-year period. According to this study, shifting consumer preferences and an evolving retail landscape have boosted the demand for flexible packaging with features such as improved shelf life, convenience, and ease of use.

Moreover, a growing need for innovative flexible plastic packaging options that meet recyclability, regulatory, and sustainability standards are further factors augmenting lucrative market expansion possibilities. This study forecasts the global flexible plastics packaging market to generate revenues of $172.29 million from 2018 to 2023 with a steady CAGR of 3.2% during this period.

The price trajectory for nearly all volume resins is down-to-flat as we move from December to first quarter of the new decade. Prices of PE, PP, PS and PVC are likely to bottom out this month, while prices of PET and nylon 6 could drop further, and flat or modestly down prices are projected for ABS, PC, and nylon 66.

Driving factors include lower feedstock costs, supply outpacing demand as well as an overall global slowdown in demand along with lower global prices.

In a little over 100 days, the injection molding community will gather for Molding 2020 in Chicago, marking the 30^th anniversary of this preeminent plastics molding event. In the coming weeks, watch this space for detailed break downs of the various sessions, topics and speakers.

The agenda as assembled will give an injection molding oriented overview, including insights into the newest technologies, as well as establishing best practices for existing technologies. Our speakers hail from every link of the molding supply chain, ranging from molders and moldmakers to suppliers of machinery, auxiliary equipment, software and robotics and more to respected consultants.

Visitors to Plastics Technology in November clicked on a wide variety of articles including blogs, features and columns touching on tips, new technologies, material fundamentals and more. Check out what items published last month garnered the greatest reader interest.