Manufacturing Intelligence Sector Forecast: Plastic and Rubber products
The industry’s improving performance will allow profitability to double in 2012, to $831 million.
Dependent on construction activity and the manufacturing sector&mdashnotably motor vehicles&mdash for much of its sales, the industry has found new markets in terms of customers and products.
Technological developments are increasing uses of plastic as a substitute for other materials and more Canadian firms are looking outside North America for growth.
Plastics companies are partnering with chemical producers to develop and use bioplastics.
For in-depth information, check the Canadian Industrial Profile-Winter 2012, published by The Conference Board of Canada in association with the Business Development Bank of Canada (BDC).