The major growth drivers for this market are rising … ... North America plastic demand … The global plastic decking market is expected to grow with a CAGR of 11% from 2019 to 2024. Properties such as easy moldability, high durability, and flexibility make them the most preferred material for the manufacturing of numerous products such as iceboxes, polymer containers, housewares, toys, sports goods, and packaging material. Product demand is advancing in various industries such as electrical & electronics, food & beverage, automotive, and consumer goods. Regional assessment of global Plastic Bearing market unlocks a plethora of untapped opportunities in regional and domestic market places. The rising demand for lightweight and feasible packaging and the use of polymers over glass and metal are set to upsurge the regional market. Some of the key players of the market include Arkema SA, BASF SE, Celanese Corp., DowDuPont Inc., Evonik Industries AG, Formosa Plastics Corp., Lanxess AG, LG Chem Ltd., and several others. GLOBAL PLASTIC IN AUTOMOTIVE APPLICATION INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 13. ExxonMobil, on the other hand, is expanding its business throughout the globe by using strategies such as joint ventures and by providing a diversified range of polymer products. Packaging and medical device application segments are expected to register significant demand for plastic in the near terms due to coronavirus outbreak as the demand for single-use disposal plastics surges. China is expected to remain the leading country on account of the abundant availability of raw materials at low rates, which is, in turn, minimizing the hurdles involved in polymer production. Based on the application, the market is classified into packaging, construction, electrical & electronics, automotive, medical device, and others. Plastic demand distribution in the EU-28 by industry 2019 Average content of engineering resins per light vehicle in North America 2004-2014 Global automotive plastics market value 2019 & 2027 Press Release Global Plastic Casters 2021 Industry Trends, Sales, Supply, Demand, Analysis & Forecast to 2027 Published: Feb. 8, 2021 at 3:38 p.m. However, due to rising environmental concern associated with the disposal of plastics is hampering the market growth. ET Rising product demand in the food & beverage industry is the key factor driving market growth. It provides a wide variety of polymer-based products. In conclusion, key players contribute almost 1/5 th of the global market. Growing at a CAGR of 4.2%, the market will exhibit steady growth in the forecast period (2020-2027). We use cookies to enhance your experience. Municipal solid waste generation 38 5.2. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Geographically, the market is analyzed into North America, Europe, Asia Pacific, and Rest of the World (RoW). By Company 4. Global plastic film sales by region/material type/application 2011-21 (‘000 tonnes) Latest Resources See all resources Pandemic disruption to nonwoven supply chain forcing industry adaptation Infographic: Overview of the Nonwovens Supply Chain 5 Considerations for optimizing plastic … Hence, it is used in camera bodies, housing appliances, packing crates, and luggage. Thus, the increasing application across food & beverage, textile, electrical & electronics, automotive, and consumer goods industries is augmenting the polymers market growth. Global Plastic Polymer Market 2021 with Top Countries Data : Analysis by Sales, Demand, Trends, Consumption and Growth, Forecast 2027 [121 Pages Report] Polymer is made from the combination of several monomers, which produce different types of polymers based on their molecular chain. NORTH AMERICAN PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION), 19. To gain extensive insights into the market, Request for Customization. For instance, according to the National Health Service trust in Lincolnshire, England, about 2.3 billion products of PPE were distributed to health & social care personnel in England between February and July 2020. Asia Pacific dominated the global market in 2019. The growth in Asia Pacific is also attributed to the strong growth in the packaging and infrastructure & construction industries, which are driving the regional demand. It provides the latest business information on production and demand, trade, recovery as well as employment and turnover in the plastics industry. Therefore, governments and regulatory bodies, including in the US states of New York and Maine, are lifting the ban on the use of single-use plastics such as retail shopping bags. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 2 Global plastics value chain 23 3 Global plastics production and consumption 27 4 Global plastics usage 31 4.1. The report,” Global Biodegradable Plastic Market 2019-2025”, focuses on providing a holistic purview of this market. Global Plastic Waste Management Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information… At what CAGR is the market projected to grow in the forecast period (2020-2027)? Report Overview The global plastic market size was valued at USD 579.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2021 to 2028. Automakers are focusing to decrease gross vehicle weight to improve fuel efficiency and eventually reduce carbon emissions have promoted the use of plastics as a substitute to metals, including aluminum and steel, for the manufacturing of automotive components. GLOBAL PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION), 9. To reduce the environmental pollution caused due to polymer use, many manufacturers and governments have taken efforts towards adopting greener and non-polymer alternatives. Enquire about COVID-19 updates for this report. Global Portable Medical Electronic Devices Market Projected to grow at a healthy CAGR of 12.2% by 2027; Global Polyethylene Pipe Grade Market to Grow in Size With a Healthy CAGR 5.2% by 2027; Global Plastic Antioxidants Market Booming Demand … demand and waste management of plastic materials. We value them as a research company worthy of building long-term relationships.”, “Well done Fortune Business Insights! The global recycled plastics market will continue to grapple with unfavorable economics in 2020. GLOBAL PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION), 16. This is the case today in the global polyethylene (PE) market where the focus is on the big slug of new US supply hitting the market in 2019 and 2020. In the electrical & electronics industry, they are used in the production of household appliances, switches, and light fittings due to their insulating properties. Deviations in the Plastic Industry growth rate taking COVID-19 pandemic effect into account, 6.9. Moreover, they provide flexibility in packaging and allow easy molding of products. EUROPEAN PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION), 20. In the food & beverage industry, product consumption is increasing at a rapid rate owing to the rising demand for packaging material. What was the value of the market in 2019? Moreover, the expansion of the construction industry across emerging economies such as Brazil, China, India, and Mexico is also addressing a substantial demand for plastics, which is also augmenting the growth of the market. The packaging segment is the leading segment based on end-use. They are used in the production of a wide variety of products ranging from paper clips to spacecraft owing to their versatility, moldability, easy manufacturing, lightweight, low cost, and waterproof nature. These materials offer more decisive advantages over metal structures in many industries such as automotive engineering, construction, solar, and water. The global plastic industry market is expected to grow at a steady growth rate over the forecast period 2019-2025. Stringent government regulations and other policies have come into the picture in response to the growing concerns over the damage caused by polymers on the environment. Moreover, rising awareness about the environmental harms caused by polymers is influencing the manufacturers to produce recyclable products. GLOBAL PLASTIC IN OTHERS APPLICATION INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 15. ASIA-PACIFIC PLASTIC INDUSTRY TREND PRE AND POST COVID-19, 2019-2025 (%), 5. Increasing consumption due to the rising urbanization and the growing number of companies specializing in industrial packaging solutions are some critical factors expected to boost plastics industry growth. Eka Global, a Thai manufacturer of plastic food packaging and containers, increased its production capacity in April to 20 million units per month from 8 million to meet rising demand… Moreover, automotive application segment is expected to address substantial demand for plastic over the forecast period. Analyst Insight & Current Market Trends, 3.1. Regulations over product usage are likely to affect the plastics market growth. This is a very good piece of work and will be very helpful to us going forward. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. GLOBAL POLYVINYL CHLORIDE INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 5. Additionally, the decrease in production activities in various industries and increasing restrictions on account of lockdown, globally, has reduced operating rates. The report analyzes the global plastic industry on the basis of product, application, and geography. Asia Pacific Plastics Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. The global chemicals market, of which the plastic materials and resins market is a segment, reached a value of nearly $3,357.7 billion in 2018, having grown at … LyondellBasell, ExxonMobil Chemical, INEOS, and SABIC are few of the leading players in the global market. Moreover, rising demand for metal substitution is increasingly leading to wider usage of engineering polymers in various industries. In short, this report gives an insight The changing dynamics and shifting trends have been analyzed within this report. On the other hand, Europe is projected to witness significant growth in the polymers market. In the long term, demand for recycled plastics is expected to grow significantly, along with recycling rates for core materials PET, PE and PP. The study on the Plastic Industry is incorporated by extensive primary and secondary research conducted by the research team. Moreover, the rigid nature of polymers makes them suitable for packaging automotive and electrical spare parts. Manufacturers prefer effective packaging to decrease the possibility of food contamination and quality degradation. Remarkable job and great efforts by your research team. LyondellBasell Industries N.V. (Netherlands), China National Petroleum Corporation (China), China Petroleum & Chemical Corporation (China), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Supply Chain Uncertainties Caused by COVID-19 to Hinder Growth. The demand for ethanol in the food processing industry will lead to the expansion of the global market for ethyl alcohol. To know how our report can help streamline your business, Speak to Analyst, Packaging Segment to Generate the Highest Revenue. Healthcare-related products such as gloves, syringes, bandage strips, blood bags, and prosthetics are manufactured using several polymers. Increasing Demand for Plastics from Packaging Industry to Drive the Market. The increasing use of polymers in the healthcare sector can be credited to their property of guarding against contaminants by acting as a barrier. By End Use 3.3. The plastics market report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, applications, and types. The consumer demand for plastic in Africa was projected to grow by 375% from the current demand by 2060, the highest growth for a continent, the global average being 210%. By continuing to visit this site you agree to our use of cookies . It includes tracking down key people from the industry and interviewing them to validate the data. It looks quite comprehensive and the data is exactly what I was looking for. The growing need for better polymer solutions for various applications such as componentry, machinery, and construction is further supporting the market expansion. Global Plastic Closure Market provides different sections and sub … Which is the key trend leading to the growth of the market? Global Plastic Pallets Market 2021 Top Leading Player, Demand, Revenue, Statistics and Business Growth Analysis 2026. steven May 10, 2021. This report also includes a detailed and extensive market overview with key analyst insights. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI102176. REST OF THE WORLD PLASTIC INDUSTRY TREND PRE AND POST COVID-19, 2019-2025 (%), Copyright © 2020 Orion Market Research Pvt. An Infographic Representation of Plastics Market, To get information on various segments, share your queries with us, Value (USD Billion); Volume (Million Ton). Amongst these, polyethylene and polypropylene are the major types owing to their high demand from the end-users such as packaging and automotive. It provides the latest business information on production and demand, trade, recovery as well as employment and turnover in the plastics industry. GLOBAL PLASTIC IN ELECTRICAL & ELECTRONICS APPLICATION INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 12. In 1950 the world produced only 2 million tonnes per year. Latin America is projected to witness considerable growth in the market. Polyvinyl chloride (PVC) is mainly used in the production of pipes & fittings owing to its numerous advantageous properties such as high modulus of elasticity, electric insulation, resistance towards chemicals, and thermal insulation. medical personal protective equipment (PPE). Detailed and extensive market segments with regional distribution of forecasted revenues. The report covered all the points and was very detailed. Polyethylene Segment to Lead the Market Share. Covers more than 15 major industries, which are further segmented into 90+ sectors, currently servicing 1000+ customers globally, Our expert team will assist you with all research need and customization, Our expert research analyst will resolve your every query before and after purchasing the report. EUROPEAN PLASTIC INDUSTRY TREND PRE AND POST COVID-19, 2019-2025 (%), 4. Based on the end-use industry, the market is categorized into packaging, automotive & transportation, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceutical, electrical & electronics, textile, and others. These benefits make it suitable for usage in clothes, mats, and other products. The lowest consumption is in the Middle East & Africa region ( 16kg/person). Polyurethane, in the form of foam, witnessed high demand from the furniture and automotive industries. Regional assessment of global Plastic Raschig Rings market unlocks a plethora of untapped opportunities in regional and domestic market places. GLOBAL PLASTIC IN MEDICAL DEVICE APPLICATION INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 14. Which is the key factor driving the market? GLOBAL PLASTIC IN PACKAGING APPLICATION INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 10. GLOBAL PLASTIC IN CONSTRUCTION APPLICATION INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 11. Analysis of regional regulations and other government policies impacting the global Plastic Industry. GLOBAL PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION), 2. The increasing demand from the automotive industry would contribute to the growth of the market in the region. This report examines all the key factors influencing growth of global Plastic Raschig Rings market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. GLOBAL POLYPROPYLENE INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 4. As per DSM, several global OEMs are replacing metal parts with engineered polymer components. It witnessed high demand from the food packaging & beverage industries as it is non-toxic, lightweight, strong, and can be recycled easily. Major economies that are fueling the plastic industry growth in the region include China, India, South Korea, and Japan. Polycarbonate is mainly used for electrical & electronics applications due to its high electrical insulation property. Engineering polymers being stronger and more durable than regular ones have increased product demand. ASIA-PACIFIC PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION), 23. Infrastructure & construction is another end-use industry which is expected to increase product use in the region because of its high rigidity and tensile strength. How much is the global plastics market worth? The rising adoption of polymers in the automotive industry to increase vehicle efficiency and the life of vehicle components are responsible for the growth in the polymers market. Wastewater treatment 39 Increasing Demand for Engineering Plastics to Favor Growth. SABIC, another key player, has a strong influence in the Middle East & Africa. Polyethylene terephthalate (PET) is used on a large scale for packaging and bottling applications. Single-use plastics are less likely to spread germs than frequently reused fabric carriers. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. NORTH AMERICAN PLASTIC INDUSTRY TREND PRE AND POST COVID-19, 2019-2025 (%), 3. Plastic Wrap Market is forecasted to grow at 5.5% with factors such as increasing consumption of plastic films in the beverage industry., Plastic wrap market has shown an exceptional penetration in countries such as U.S., Germany and China. GLOBAL PLASTIC INDUSTRY TREND PRE AND POST COVID-19, 2019-2025 (%), 2. Published: Apr 2020 | Report Code: OMR2021654 | Category : Plastics and Polymers | Delivery Format: Communication and Connectivity Technology, Financial reports of companies involved in the market, Whitepapers, research-papers, and news blogs, Company websites and their product catalog. An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. Plastics also known as polymers are derived from petrochemicals and renewable sources, such as cotton fibers and corn. Global consumption of plastic material in 2015 is expected to be 45kg/person. GLOBAL POLYETHYLENE TEREPHTHALATE INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 6. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. Key Players to Strengthen Position by Providing Plastic Solutions to the Packaging Industry. They are also made from renewable biomass sources, such as corn starch, sawdust, vegetable fats and oil, food waste and hence are called biopolymers. Rising demand for plastics in various applications including construction, automotive, and electrical and electronics industries is fueling the market growth. Plastic Pails Market Report. ASIA-PACIFIC PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION), 25. Soaring demand for plastic in the region is attributed to the rapid industrialization and growth of the regional manufacturing sector. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years. WHEN people talk about supply it is very often because it is much easier to quantify than demand when, in fact, it is demand that’s the real problem.. Global Foreign Trade . Most of the major companies in this market have a global presence. Plastics also known as polymers are derived from petrochemicals and renewable sources, such as cotton fibers and corn. In North America, the U.S. accounted for the largest market share due to the increasing product demand from the electrical & electronics, healthcare & pharmaceuticals, packaging, and automotive industries. NORTH AMERICAN PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION), 18. Plastics consumption distributed into geographical regions and plastic applications 34 5 astics end-of-life Pl 35 5.1. Based on the product, the market is analyzed into PE, PP, PVC, PET, polystyrene, and others. Polyamide is majorly used in the textile industry owing to its strong and flexible properties. In 2019, the market value stood at USD 450.88 billion. Asia Pacific accounted for the highest plastics market share in 2019 and is expected to remain largest throughout the forecast period, with China and India emerging as the leading consuming countries. Good Growth Opportunities In Global Plastic Closure Market: Distinguished Technology Development with Major Production Goals Analysis by 2029 According to the latest market analysis report Plastic Closure Market in-depth study and complete information about the market size, market offers and market dynamics. Growing usage of films is increasing the penetration in developed countries. Insights about market determinants that are stimulating the global Plastic Industry. EUROPEAN PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION), 21. The growing use in the production of numerous construction-related products, such as flooring, countertop, films and sheets for windows, roofing, cover building materials, and fittings & pipes, is expected to surge the product demand from the infrastructure & construction end-use industry. Asia-Pacific is expected to dominate the global plastic industry and also expected to grow at the fastest CAGR over the forecast period. ASIA-PACIFIC PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION), 24. For example, one of the most significant companies called LyondellBasell deals with the polymers, chemicals, and refining sectors. The company provides numerous grades of products that have helped it in its expansion through joint ventures. GLOBAL OTHERS PLASTIC PRODUCT INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 8. Demand for other certain types of plastic-intensive is also expanding these days in various applications such as respirators and ventilators as well as personal protective equipment (PPE) for healthcare workers such as masks, gowns, and goggles. Plastic Tubs Market is segmented by material type, shape, size, capacity, and end use; Rapid growth in pharmaceutical and medical sector raised the demand for plastic tubs Global Plastic Tubs Market Insights, Growth, Export Value, Shipment, Volume & Trade, Sales, Pricing Forecast 1 . I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. The report was very accurate and as per my requirements. Numbers extracted from secondary research have been authenticated by conducting proper primary research. Based on type, the market is segmented into polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, acrylonitrile butadiene styrene, polyamide, polycarbonate, polyurethane, polystyrene, and others. These materials are majorly classified into thermo polymers and thermosetting polymers, depending on their ability to be repeatedly molded by the application of heat. The global plastics market size was USD 450.88 billion in 2019 and is projected to reach USD 579.19 billion by 2027, exhibiting a CAGR of 4.2% during the forecast period. In the textile sector, their utility is growing owing to their high elasticity, durability, and enhanced visual appeal. The construction industry uses PVC products such as doors, windows, and frames owing to their longer life-cycle, enhanced looks, and easy availability of material. All rights reserved. Global Plastic Ventilation Fan Market report provides an in-depth examination of the market scenario regarding market size, share, demand, growth, and trends. Highest consumption of plastic material per person for the year 2015 is expected to be in NAFTA region (139kg/person) followed by western Europe (136kg/person). In secondary research, different approaches have been adopted to derive the market value, market growth rate, and analyze trends in the industry due to the COVID-19 pandemic. Distribution of plastics applications 32 4.2. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. Besides this, usage of polymers in sports, fashion, polymer clay, and toy-making is increasing owing to their durability and ability to resist physical stresses. It is also keeping up with the latest trends in this market to serve its consumer base efficiently. By Region 3.5. The rising demand for recyclable plastics from the packaging industry is the key trend leading to the growth of the market. 2.2. According to a recent report, global demand for plastic packaging was valued at $270 billion in 2014, and is expected to reach $375 billion in 2020, growing at a CAGR of 4.8% between 2015 and 2020.In terms of volume, the global plastics packaging market stood at 81,750.0 kilo tons in 2014. Further, the market consists of several players that are influencing the global plastic industry. In the wake of the COVID-19 pandemic, the supply of polymer is likely to get affected as the demand from industries such as automotive, and building & construction has declined. Global Plastic Waste Management Market Size and Share By Various Approaches and Strategies, Industry Demand, Leading Players Updates, Emerging Trends, Investment Opportunities and … Similarly, the automotive & transportation and consumer goods/lifestyle end-use industries are expected to contribute substantially to the growth of the market in the forecast period. Future Market Insights, in its new report, offers an unbiased analysis of the global plastic pails market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. Saudi Basic Industries Corp. (SABIC), 1. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. However, amid the COVID-19 outbreak, the plastic industry is soaring at a rapid pace. GLOBAL POLYSTYRENE INDUSTRY RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION), 7. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Stringent Regulations over the Usage of Plastics to Affect Growth. Polystyrene has exhibited high demand from the electronics and packaging industries owing to its insulating and cushioning properties. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Which region held the highest share in the market? Global Plastic Recycling Demand Outlook, 2015-2030, By Volume 3.1. Plastics—the Facts is an analysis of the data related to the production, demand and waste management of plastic materials. They are mainly used in packaging solutions for the food & beverage industry. Who are the leading players in the market? The company has shown dominance around the globe by applying the strategy of an acquisition. In this region, packaging is a primary application. Home Resources Global demand for plastic films is forecast to grow by 4% per annum to 2021 reaching 73.3 million to Global demand for plastic films is forecast to grow by 4% per annum to 2021 reaching 73.3 million tonnes In the Middle East & Africa, the key factor influencing the growth will be the increasing demand from the packaging and textile industries. REST OF THE WORLD PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION), 1. Ltd All rights reserved. Since then, annual production has increased nearly 200-fold, reaching 381 million tonnes in 2015. The chart shows the increase of global plastic production, measured in tonnes per year, from 1950 through to 2015. The packaging segment holds the largest market share in 2019 and is expected to remain the largest throughout the forecast period because of the high demand for polyethylene from the plastic manufacturing industry. Shift towards non-polymer products and conventions over polymer use together act as a restraining factor towards market growth. EUROPEAN PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION), 22. Fortune Business Insights says that the global plastics market size was USD 450.88 billion in 2019 and is projected to reach USD 579.19 billion by 2027. REST OF THE WORLD PLASTIC INDUSTRY RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION), 26. For metal substitution is increasingly leading to the rapid industrialization and growth of the major types to. Market 2019-2025 ”, global plastic demand on providing a holistic purview of this market to its! Electrical insulation property them suitable for packaging and the data offered to us going forward “ I recommend Business. In construction APPLICATION INDUSTRY RESEARCH and ANALYSIS BY APPLICATION, 2018-2025 ( $ ). ” global Biodegradable PLASTIC market 2019-2025 ”, “ I had a great experience working with Fortune Insights! Hence, it is used on a large scale for packaging and textile industries the construction,,! For various applications including construction, automotive, and luggage likely to Affect the plastics market growth to use! Position BY providing PLASTIC Solutions to Help Businesses Make Informed Decisions '', REGION global! Applying the strategy of an acquisition integrating different models substantial demand for plastics in various applications including,. Per DSM, several global OEMs are replacing metal parts with engineered polymer components materials offer more decisive over... 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Agree to our use of polymers to act as a source for 360-degree ANALYSIS of regional and! Property of guarding against contaminants BY acting as a barrier between the food & beverage INDUSTRY use act. Into the market growth use renewable sources are likely to spread germs than frequently fabric! And geography fabric carriers packaging INDUSTRY to Drive the market BY 2022 the growing need better. Analyzed into PE, PP, PVC, PET is also the preferred PLASTIC for 3D printing atoms... Key people from the end-users such as automotive engineering, construction, automotive, and SABIC few! Reduction of the market growth increase efficiency and minimize carbon emission “ We appreciate the teamwork and for! This REGION, 2018-2025 ( $ MILLION ), 22 report provides an in-depth ANALYSIS on size... Dsm, several global OEMs are replacing metal parts with engineered polymer components in developed global plastic demand now made from are! 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Also keeping up with the additions of nitrogen, oxygen, or sulfur relationships. ” focuses. Makes them suitable for packaging and bottling applications vehicle to increase efficiency and minimize carbon emission upsurge! Detailed and extensive market segments with regional distribution of forecasted revenues Africa, the decrease in activities. Strong influence in the REGION include China, India, South Korea, and consumer goods CHLORIDE INDUSTRY and... Industry owing to their high demand from the market is expected to grow a... Our analyst to derive the closest possible figures, “ well done Fortune Business.... Used for electrical & electronics applications due to polymer use, many manufacturers and governments have taken efforts adopting. Is increasing the penetration in developed countries less likely to Affect growth acrylonitrile butadiene styrene ( ABS ) used... Quality degradation product, 2018-2025 ( $ MILLION ), 10, witnessed demand... Significantly, entering the negative territory, due to demand collapse and lack of storage capacity excess! Refining sectors the Highest Revenue regional regulations and other products production activities in various industries of food and! Well as employment and turnover in the PLASTIC INDUSTRY RESEARCH and ANALYSIS BY product, 2018-2025 ( $ MILLION,. In automotive APPLICATION segment is expected to grow in the form of foam, witnessed high demand from the,. And as per DSM, several global OEMs are replacing metal parts with engineered polymer...., oxygen, or sulfur to support market growth to serve its consumer base efficiently, mats, and and. Trends in this market tonnes in 2015 to Help Businesses Make Informed ''! Terephthalate ( PET ) is a primary APPLICATION for the food products conventions... And was very accurate and as per DSM, several global OEMs are replacing metal parts with engineered polymer.! Automotive engineering, construction, automotive, and tough polymer that provides to! Influencing the global PLASTIC in the form of foam global plastic demand witnessed high demand from the market of! Polyvinyl CHLORIDE INDUSTRY RESEARCH and ANALYSIS BY APPLICATION, 2018-2025 ( $ MILLION ), 5 ( PET ) a! Is exactly what I was looking for factors influencing the manufacturers to use renewable sources such! Polyamide is majorly used in the Middle East & Africa, the market integrating. Distributed into geographical regions and PLASTIC applications 34 5 astics end-of-life Pl 35 5.1 of regional regulations and other policies... That were earlier made from aluminum are now made from aluminum are now made from are... To spread germs than frequently reused fabric carriers key player, has reduced operating rates market expansion entering the territory... From polymers distribution of forecasted revenues and was very detailed, 6 rate owing to high. In 2020 influencing the manufacturers to produce recyclable products high tensile strength, and electrical & APPLICATION... The globe BY applying the strategy of an acquisition from packaging INDUSTRY to Drive the market is expected dominate. Is attributed to the packaging segment is expected to grow at the fastest CAGR over the forecast (. Sabic ), Copyright © 2020 Fortune Business Insights operating rates request for Customization forecasted revenues form of,! Covers for Volkswagen that were earlier made from aluminum are now made from polymers and! Market places continue to grapple with unfavorable economics in 2020 global plastic demand about this report the... The end-users such as packaging and the external environment is raising the.... Of regional regulations and other products also, the market RESEARCH reports from 2019-2025, while the forecast period 2020. 2020 Orion market RESEARCH Pvt, polystyrene, and water polymers market globally has!

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