A framework to promote mould remanufacturing in Sri Lankan sme

Abstract

The global mould manufacturing market amounts to USD 26.21 billion in 2020 and is expected to increase to USD 38.62 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 8%. This growing demand for moulds urges to develop sustainable methods to recover used moulds. Remanufacturing of moulds offers a promising solution in the industry which extends the useful life of end-of-use moulds. However, there is a lack of evidence that mould remanufacturing is used to reap its potential benefits in Sri Lankan Small and Medium-sized Enterprises (SME). Literature review and semi-structured interviews were used to establish the current knowledge, identify barriers, and to identify key elements in developing the framework. The paper presents a conceptual framework developed for promoting mould remanufacturing in Sri Lankan SME.