Regional plastics industry is looking to acquire new machinery and technology to keep pace with rising per capita consumption of plastics in the GCC, which is several times higher than the world average.
Rising exports and re-exports are also encouraging manufacturers of finished and semi-finished plastic products to look at expanding their capacity and product lines, fuelling interest for the upcoming Plastivision Arabia 2014 trade fair from across the world.
“After its impressive launch in 2012, the second edition of the biennial Plastivision Arabia will be held from April 7 to 10, 2014, at Expo Centre Sharjah. The show is coming at a time when the regional plastics industry is on a roll, achieving phenomenal growth in exports and re-exports,” said Mr Saif Mohammed Al Midfa, Director-General, Expo Centre Sharjah.
According to official figures, the UAE registered a 127 per cent rise in exports of plastics in the first half of 2012, when compared to the same period the previous year. In terms of value, it went up from US$2.9 billion to US$4.4 billion during the period, said figures released by the UAE Ministry of Foreign Trade. Led by India and China, nearly 41 countries receive plastic products from the UAE.
In re-exports, the UAE came third in the world, packing off US$444 million worth of plastic products, while it produces a quarter of all plastics produced within the GCC. The imports of plastics to the UAE reached US$3.4 billion in 2011, up by 17.2 per cent from 2010, indicating robust domestic consumption and rise in re-exports.
“With the regional economies in cruise mode and the announcement of a series of mega projects, the regional plastics industry is pressed to produce more to cater to the rising demand from several core sectors. Here we see a great opportunity to supply top-end machinery and technology that can help regional plastic factories to ramp up their production and at the same time expand their products,” said Mr Midfa.
According to latest industry reports, the overall global petrochemicals market is estimated to be US$600 billion, of which the GCC alone accounts for 11 per cent or US$77 billion. This is set to transform to a US$350 billion market by 2020 with a market share of 17 per cent, giving a glimpse into the great potential in store for plastics machinery makers and technology providers.
The emergence of the region as a key player in the global plastics industry and its plentiful opportunities played a key role in the success of the launch edition of Plastivision Arabia in 2012, which featured 150 exhibitors from 19 countries and attracted 7,000 visitors from 66 countries. It also had the distinction of seeing most live machines on display being sold.
Despite it being a launch edition, the number of exhibitors and pre-registered visitors, according to industry observers, was on the higher side even for an established show.
As in the launch edition, Plastivision Arabia 2014 will be organized by Expo Centre Sharjah and All India Plastics Manufacturers Association (AIPMA). It will be held along with Arabia Mold, in association DEMAT, the organizer of world-renowned EuroMold, the world’s leading fair for mold-making & tooling, design and application development.
About the show :
Plastivision Arabia 2014 will be organized by Expo Centre Sharjah, in association with All India Plastics Manufacturers Association, and the support of the Sharjah Chamber of Commerce and Industry. It will be held at Expo Centre Sharjah from April 7 to 10, 2014, and will feature Consultants’ Clinic, Placement Pavilion, Business Opportunity Pavilion, Product Design & Innovation Pavilion and a Green Pavilion. Along with its concurrent show ArabiaMold, Plastivision Arabia will display raw materials and machinery for key segments such as plastic processing, injection molding, thermoforming, packaging, industrial users, construction, infrastructure, automobile and telecommunication, among others.