Demand for British-made plastic goods increases

Filed under: Industry News — Posted by: Daniel on August 21, 2013

Experts have reported a rise in the demand for British plastic in the manufacturing sector.

In the three months leading up to July, the industry experienced the first increase for British plastics of 2013, which led to growth in the production of custom sized plastic and cut to size acrylic.

British manufacturers are now thought to be more optimistic about the chances they have of boosting their exports and increasing plastic production to an even higher level as end of the year moves closer.

As well as the rise in demand for UK-manufactured goods, there was also an increase in the number of people employed in the sector, making this quarter the 12th in a row to see positive movement in this area. This was revealed by the CBI, which conducted a survey of 390 manufacturers catering to both the home and export markets.

However, it wasn’t all good news as the CBI’s survey found that there was still little investment in the industry. It is thought by many that uncertainty in the market is still causing investors to be cautious and is putting many off altogether.

The report also found that growth in unit costs had fallen while inflation had risen. So while there is much to celebrate about the increase in demand, companies still have choppy waters to navigate and must work as hard as ever to ensure that the British plastics industry is able to compete in an ever widening global marketplace.

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