Plastic consumption to rise by 2012: Study
doha • A study by the Gulf Organization for Industrial Consulting (GOIC) said that the volume of consumption of plastic products by GCC member states will reach 3.2 million tonnes in 2012 as against 2.3 million tonnes now. The present figure represents the full design capacity of plants manufacturing plastic products including fiberglass.
In the same study, GOIC said that the average per capita consumption of these products in the GCC member states may reach 78 kg per annum by 2012, compared to about 67 kg in 2006. It will be one of the highest consumption rates in the world, similar to the rates of consumption of the developed industrial nations. The average per capita consumption of plastic doesn't exceed 25 kg. GOIC called upon GCC member states to cope with the expected demand by increasing production capacities of all plastic products and fiberglass to about 844,000 tons.
The study noted that GCC member states should exert more efforts in the plastic products industry. This includes greater regulation, integration and restructuring, exploring the possibility of mergers to reduce competition and costs, and keeping up with global developments in the firm. The report also pointed to the fact that most factories operating in the industry are of small-size, have low production capacity, and suffer from weak marketing and financing capabilities, which limits their competitiveness.
The report also showed that factories with production capacity of 10,000 tons annually, represent only 5% of the total number of factories operating in this sector. Small factories with a capacity of less than 1,200 tons per year represent about 50%.
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