The plastic industry is one of the most evolving businesses in recent times. One can find the application of plastics in almost every sector, such as medical, aerospace, automotive, packaging, household appliances, construction, and many more. Though extensive research and new technologies have led to the rise of modern and safe plastics, the world is still witnessing its negative impacts today. Energy-efficient ways of developing smarter plastics and research to develop certain fungi and bacteria that fasten the degradation of conventional plastics are some of the present generation needs. The rise in 3D printing has tremendously improved various aspects of plastic manufacturing and will continue to remain a catalyst for reimagining options for plastic parts. More durability, higher-quality, and consistent plastic materials are what enabled the widespread adoption of this technology amongst multiple plastic manufacturing companies.
This rising industry 4.0 trend provides increased opportunities for the integration of machine control and robotic technologies in the plastic manufacturing industry. This development makes it possible to achieve a higher level of efficiency. The plastic industry is, therefore, investing heavily in automation and with success. Automation of the plastic manufacturing processes improves reliability while improving productivity and efficiency. The integration of nanotechnology to plastic tech gives the opportunity for organizations to improve the performance of a particular resin and a profile of additives at the molecular level. This type of precise engineering has produced materials with properties such as enhanced heat, dent, and scratch resistance.
While plastics have myriad benefits, they also create a vast, global, and complex waste problem. The most effective systems are needed that separates waste at the source, which reduces requirements for cleaning and saves water and energy. Newer technologies, such as purification that go beyond conventional mechanical recycling, are gaining traction. They work by dissolving plastics into solvents and separating the blends to purify the plastics.
Having a clear understanding of how technology in the plastic industry is evolving will help manufacturers and people working in the plastic industry to capitalize on trends and ensure that the end-products perform appropriately. The rapid changes in new material technology may replace the existing traditional systems while offering enhanced performance and reduced cost. It is important to stay abreast of new product and process developments and be positioned to make strategic changes and investments. Large companies may need to enhance their R&D function and gain access to additional R&D resources such as a university with a polymer program or other technology partner.
With the rising importance of Plastic Tech in today’s business scenario, choosing the right Plastic Tech solution provider becomes crucial for organizations. With that in mind, our editorial board has conducted a comprehensive study of leading solution providers in the space. Our goal with this special edition is to highlight the best-of-breed Plastic Technology solution companies like LyondellBasell, Vetaphone and Aceretech Machinery that have been making great strides in the Plastic tech solutions space.
APAC CIOOutlook presents to you the ‘Top 10 Plastic Technology Solution Providers - 2019.’
