Forum de la Plasturgie et des Composites
Credit: Philippe Thery
THE results of a study aimed at French plastics SMEs are to be released at a trade forum later this month.
The French Plastics Federation will reveal the results of the study, conducted with Mazars, on “the ins and outs of certain success” at the Forum de la Plasturgie et des Composites.
The forum takes place at Disneyland Paris on May 30 and 31, with the results of the study being released at 11.30 on May 31.
The study is based on the observation of the industry's current situation: "World plastic consumption has steadily increased for 60 years. France is the third largest plastics producer and processor in Europe and has known how to take advantage of world growth even if it is still far behind Germany which dominates the European market.
The French plastics industry has considerable assets and real development opportunities. Although the total consumption of plastics can only increase in coming years, French companies must be vigilant against the economic and regulatory threats".
Certain parts of the study were entrusted to Mazars, an independent audit, consultancy, tax, and legal services body.
"This young industry is developing and will continue to do so and France has successfully repositioned itself. However, this industry is at a turning point in its development and must confront several challenges," said Raphael Mignard, one of Mazars's partners.
Mignard continued: "On one hand, the sectors on which plastics have positioned themselves are now mature and the industry has not always been able to reinvent itself, innovate, and invest in the future.
As is the case for most business, the current crisis is of course a major challenge for this industry's businesses. This is heightened by changes in regulations that the industry's businesses must comply with."
"It is therefore important that they choose a long-term growth strategy adapted to their positioning and challenges. All aspects of innovation, training, and internationalisation are possible levers but there still needs to be an identified business model. There are disparities between stakeholders which, depending on their size and processing activity, do not have the same sensitivity to the challenges facing the industry," he added.
Initial research shows 70% of French plastics businesses have less than 20 employees. Tthe study aims to help these SMEs to better understand themselves, identify growth drivers, and guide them to available resources and key success factors to define and implement their own strategy.