The development of a market economy cannot focus on just one or a few points. Only by co-ordinating the overall situation can companies win victories in the fierce market competition. Compared to the previous 'indoor fighting', plastics companies are now more inclined to 'outside the enemy' Therefore, when companies face the 'going out' reality, they must identify their own goals and 'attack the enemy' in order to lay a solid foundation for the expansion of the global market.
The plastics industry market in these places is worth noting!
India and Vietnam are seen as the new bright spots in the global economic growth. The majority of the young people who have received basic education are the most obvious advantages of India and Vietnam. The diversified economy and import and export structure have enhanced the anti-risk capabilities of the two countries.
India, as one of the globally recognized emerging markets, has a non-negligible economic growth rate. The plastics industry is one of the fastest growing industries in India and has great potential in terms of capacity, infrastructure and skilled workforce. For example, only 1% of Global polymer export market share proves India's great potential and market in the plastics industry.
Waste plastic pellets from Vietnam's reclaimed plastic machinery 'spit' are loaded, escorted and exported to Europe and the United States after packaging. Since the official implementation of the prohibition order in China, the above phenomenon has become an important means to temporarily solve domestic waste plastic waste in most European and American countries. Some industry sources stated that although all countries are strengthening the waste plastics recovery and construction system, they are truly effective and the implemented system is difficult to be built and implemented in the short term. Therefore, the above methods will be maintained for a long period of time. The most intuitive performance is “2017 China's annual exports of plastic machinery to the United States, Vietnam, India, Mexico, Iran's statistics, which Vietnam imported 11995 plastic granulator ranked first.
Perc Pineda, chief economist of the American Plastics Industry Association, said that the average long-term average GDP growth of the US economy is 2% to 3% per year. It is running at full capacity and has a low probability of recession. Real estate recovery will open up the application of plastics in related industries. In addition to the consumption of household appliances and dietary fields, the US plastics industry has an optimistic economic outlook. However, entrepreneurs should raise alarm on the issue of the US 'labor market tightening' and focus on and implement the 'innovation' of the plastics industry.
North America is also one of the key markets for the development of the plastics industry. Bochuang, Minghua, Engel... These companies are strengthening their investments in the North American market. Bo innovative headquarters settled in North America, Minghua North America headquarters selected Michigan, Engel subsidiary Wintec will Sales expanded to North America, and these companies found that North America including Brazil, Canada, Mexico, and the United States could provide more 'simple' opportunities for plastic machinery.
With regard to local characteristics and advantages, enterprises can place services and businesses at their own specific needs, and according to their circumstances, implement the plans that are most suitable for them, give full play to their advantages, and accumulate and enhance basic capital, conditions, reputation, and image. Take a good step in the company's 'going out' step and move toward international business.