Plastic entrepreneurs in Latin America invested more than 50 million dollars in five months: What are they betting on before the industry's trade show?
A committed sector
The plastics industry in Latin America continues to grow rapidly. In the first five months of 2022, plastic entrepreneurs in the region invested more than US$52.3 million, according to data from the Latin American Plastics Industry Association (ALIPLAST). This represents an increase of 10% over the same period in 2021.This growth is being driven by several factors, including the increasing demand for plastic products in the region's growing economies.
The plastics industry in Latin America is also benefiting from the region's favorable investment climate.
Governments in the region are offering a variety of incentives to attract foreign investment, including tax breaks, low interest rates, and streamlined regulatory processes.
What are they betting on?
The plastics entrepreneurs in Latin America are investing in a variety of projects, including new production facilities, new product lines, and new technologies.Some of the most popular investment areas include:
- New production facilities: Many plastics companies are investing in new production facilities to meet the growing demand for their products.
- New product lines: Plastics companies are also investing in new product lines, such as bioplastics and recycled plastics.
- New technologies: Plastics companies are also investing in new technologies to improve the efficiency and productivity of their operations.
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