Africa's plastics industry started late, and its incremental demand for plastic machinery is relatively greater than other developed markets. In fact, Africa is gradually becoming an emerging potential market for plastic machinery. Many well-known plastic machine manufacturers are using their latest developed bag blowing machines, plastic bag printing machines, plastic injection molds and other models to sell French products to North Africa, West Africa and other countries through France. With the influence of the country, it has entered emerging potential markets such as Egypt, Morocco, and Tunisia.
Even though the African market is not large from a global perspective, managers in the Indian machinery industry say that factory construction on the African continent is now in full swing. “In the past, Africa relied on imports for everything,” said Rajendra Shukla, head of M.Plast (India) Pvt., a Noida-based rotational molding machinery manufacturer and moldmaker. “Now, everyone wants to import everything in Africa. Build factories and produce in Africa. This is an important market.”
It is reported that French rubber and plastic machinery manufacturers are also gradually exploring the market in this field. The annual sales volume of French rubber and plastic machinery is approximately US$1.9 billion, ranking fourth in the world after Japan, the United States, and Germany. According to industry insiders, African countries have a large demand for bag blowing machines for the production of plastic bags. In South Africa, there is a certain demand for plastic injection machines due to foreign investment in automobile factories, which is worthy of further development by manufacturers.
Experts on Africa point to the growing African middle class and various new economic development possibilities after years of reforms. In a report in December, The Economist magazine called Africa a "continent full of hope" and "has great hope of continuing the development pace of Asia." Although Africa's economy is relatively backward, its plastics industry is also in its infancy. . However, in the long run, Africa will be a larger plastic machinery market, and thus will become the focus of competition among the world's major rubber and plastic equipment manufacturers.
The South African plastics market is currently worth approximately $3 billion - including raw materials and products. Another notable feature of the South African plastics industry is that approximately 13% of virgin plastic is recycled each year, which accounts for approximately 30% of the actual packaging polymer produced. There is a high demand for conversion technologies such as extruders, injection molding, blow molding, rotational molding and thermoforming.
Demand for products includes films, sheets, packaging materials, kitchenware, furniture, pipes, footwear and industrial parts.
It is an industry that the government vigorously develops.
A growing middle class is increasing demand for all plastics applications, while South Africa’s recent phasing out of import duties on polymers and other inputs will help improve price competitiveness.
On the one hand, South Africa has a large number of skilled and semi-skilled labor, and the labor price is low. Local electricity costs are low and land resources are abundant, which has obvious investment cost advantages. On the other hand, South Africa's economic and legal systems are relatively sound, and its patent, brand, trademark and other related laws are in line with international standards.
The South African government has also launched many investment incentive policies and support programs, especially the promotion of one-stop investment services. All information, research and related procedures required in the investment process can be completed through one government agency. The current economic environment of South Africa is in a period of major adjustment and gear shifting. Every industry is facing the withdrawal of giants and the entry of new challengers. The entire South African market is full of huge opportunities and challenges. Market gaps can be seen everywhere. A territory waiting to be occupied.
So the plastic products market is a profitable business
