99% of process manufacturers preparing for growth despite market challenges

The Manufacturer | May 17, 2019

99% of process manufacturers preparing for growth despite market challenges
Growing regulatory change and uncertainty is impacting the vast majority of UK process manufacturers, but they are responding by investing in new technologies and leveraging the cache surrounding Brand Britain. As political uncertainty bites, almost two-thirds of process manufacturers (62%) say regulatory changes are affecting their business, with more than four-in-five (82%) revealing the threat of import-export shake-ups around Brexit having significant impact on strategic decision-making.
Despite those challenges, however, that same number (82%) are confident their UK home-grown industry will be considered a world leader by 2025, and an overwhelming 99% of all process manufacturers say they are preparing for growth, suggesting a can-do attitude on both sides of the Atlantic. The figures come from the latest global state of the nation report on process manufacturing from cloud business management solutions provider Sage. The research covers businesses in the UK, US and Canada, and reveals a sector that’s taking charge of its own destiny despite growing change and uncertainty.

Spotlight

According to a recent study, the global single-use technology biopharmaceutical market reached $1.7 billion in 2014, a $0.3 billion jump from the year prior. Looking at the period of 2014 - 2019, the market is predicted to expand at a compound annual growth rate of 11.7 percent to almost $3 billion.

Spotlight

According to a recent study, the global single-use technology biopharmaceutical market reached $1.7 billion in 2014, a $0.3 billion jump from the year prior. Looking at the period of 2014 - 2019, the market is predicted to expand at a compound annual growth rate of 11.7 percent to almost $3 billion.

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