The Plastic Material And Resins by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plastic Material And Resins, The plastic material and resins market size has grown rapidly in recent years. It will grow from $898.26 billion in 2023 to $998.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased demand for industrial packaging products, growth of motor vehicles, and growth in the construction industry.
The plastic material and resins market size is expected to see rapid growth in the next few years. It will grow to $1498.73 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to new developments in packaging will drive the growth in the plastic material and resins market. Major trends in the forecast period include new technological developments in the manufacturing process and trying to develop products with improved attributes and new characteristics, focusing on the research and development of new materials that are environmentally friendly and also have widespread use, investing in automation and robotics in factories to increase productivity, using recycled plastic products as raw materials to reduce their carbon footprint, and focusing on collaborating with technology-based companies and research organizations in development activities of advanced polymers.
New developments in the packaging industry, such as CO2RE foaming technology, big data, and IoT integration, are expected to drive the market going forward. Convenience features, such as resealable packs, easy-opening, stand-up pouches, and smaller pack sizes for single-servings, are being introduced, and more promotional packs and brand extensions are being developed to ensure customer loyalty. Similarly, the recent development of biodegradable plastics, which degrade naturally from the actions of microorganisms such as bacteria, algae, and fungi, is gaining traction. These developments in packaging will increase the consumption of plastics, which will drive the market's growth.
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The plastic material and resins market covered in this report is segmented –
1) By Type: Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins
2) By Application: Packaging, Housewares, Bags, sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications
3) By End Userr Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries
The search for new characteristics for plastic materials and innovations in the manufacturing process have led to the development of various high-performance plastics. For example, smart polymers are materials that can change based on external environmental stimuli. A product that is a result of a combination of nanotechnology and plastic engineering. These products have high electrical conductivity, dimensional stability, and are also flame retardant, along with resistance to scratches, dents, and heat. These new high-performance plastics have gained rapid acceptance and find their applications in the medical, electronics, food packaging, automotive, and aerospace sectors. For instance, some of the major developments in plastic materials include plastics from potatoes and virgin PET from discarded textile fabric and waste bottles.
The plastic material and resins market report table of contents includes:
- Executive Summary
- Plastic Material And Resins Market Characteristics
- Plastic Material And Resins Market Trends And Strategies
- Plastic Material And Resins Market - Macro Economic Scenario
- Global Plastic Material And Resins Market Size and Growth
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- Global Plastic Material And Resins Market Competitive Benchmarking
- Global Plastic Material And Resins Market Competitive Dashboard
- Key Mergers And Acquisitions In Plastic Material And Resins Market
- Plastic Material And Resins Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- LyondellBasell Industries Holdings BV
- Total SE
- INEOS AG
- Lotte Chemical Corporation
- BASF SE
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The Business Research Company published its Plastic Material And Resins Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global plastic material and resins market.
The report covers the plastic material and resins market’s segments- by type: polypropylene-plastic material and resins; high-density polyethylene; poly-vinyl chloride; polyethylene terephthalate; polyurethane; low-density polyethylene; polystyrene-plastic material and resins; others - plastic material and resins and by end-user industry: chemical industry; coating & printing industry; electronics industry; food & pharmaceutical industry; others.View Complete Report: https://www.thebusinessresearchcompany.com/report/electronic-and-precision-equipment-repair-and-maintenance-global-market-report-2020-30-covid-19-impact-and-recoveryPlastic Material And Resins Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The Business Research Company published its Plastic Material And Resins Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Plastic Material And Resins market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the plastic material and resins market’s segments- 1) By Type: Polypropylene-Plastic Material And Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material And Resins, Others - Plastic Material And Resins2) By End-User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Others.View Complete Report: https://www.thebusinessresearchcompany.com/report/plastic-material-and-resins-global-market-report-2020-30-covid-19-impact-and-recoveryPlastic Material And Resins Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of % from 2021 and reach $599.9 billion in 2023.The world is increasingly becoming aware about the adverse impact of plastic materials on the environment.
This has led to a rapid increase in demand for eco-friendly plastics: bioplastics that are manufactured from polymer resins derived from plants and plastics that can be decomposed with the help of bacteria.Few Points From Table Of Content1.
