- PE plastic pipes are gaining traction in the market and might lead the market in the coming years but cost of these products is very high as compared to other type of plastic pipes such as PVC.
- Government spending on infrastructure has decreased resulting in low demand from the public sector.
- Private sector investments in the country are expected to increase which will increase in demand for plastic pipes and fittings in the country.
New Zealand market is at its late growth stage and is highly dependent on the level of construction, alterations and modification projects being undertaken in the country.
The future outlook of New Zealand Plastic Pipes and fitting industry is positive as the economy of the country is expected to recover from the economic crisis. It is anticipated that the PE pipes will grow at the fastest pace among all the types of plastic pipes, due to increase in domains where these types of pipes are used in the market. The use of PVC pipes is expected to reduce due to substitution by other types of plastic pipes. The market share of organized sector manufacturers is expected to decrease in FY’2023 owing to entrance of many small scale regional players and trading corporations. The domestic manufacturing is expected to increase as many manufacturers are expected to increase their capacity utilization with the rise in demand for plastic pipes in near future. In the case of end user application, Plastic pipes used in oil and chemical industry along with water supply and sewage pipelines is expected to increase at fastest pace among other end user applications.
Industrial growth, commercial growth, public sector spending, private investments are a few trends that are expected to drive the market in the future.
Analysts at Ken Research in their latest publication “New Zealand Plastic Pipe and Fitting Market Outlook to 2023 – By PVC, PE, Others Plastic Pipes; By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)” believe that reduction of wastage and spillage while manufacturing and keeping up with advanced technology, tracking upcoming government and private construction projects, research and development centre for plastic resins, increase awareness about new types of plastic pipes will help in maximizing the delivered value from manufacturers to the end users. Manufacturers should focus on increasing the perceived value of their products by communicating the long term benefits of their products.
New Zealand plastic pipe and fittings market is expected to register positive CAGR of around 5.8% during the period FY’2018-FY’2023 with northern region expected to gain major share of the market.
Key Topics Covered in the Report:
Marley Production Plastic Pipes
PE Pipes Industry New Zealand
Production PVC Pipes New Zealand
PE pipes manufacturing New Zealand
Plastic pipes used in plumbing New Zealand
HDPE pipes Market New Zealand
Manufacturers Plastic pipes New Zealand
Organized Plastic Pipes and Fittings Industry
Manufacturers HDPE Pipe New Zealand
Plastic Pipe System Market NZ
Plumbing Plastic Pipes Industry New Zealand
PVC O Pipes Market NZ
Plastic Pipes Suppliers New Zealand
For more information on the research report, refer to below link:
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Ankur Gupta, Head Marketing & Communications