Learn about the global plastics and rubber products market through The Business Research Company, which provides information on plastics and rubber products market size, plastics and rubber products market drivers and restraints, plastics and rubber products market players, the COVID-19 impact on the plastics and rubber products market, and more.

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The global plastics and rubber products market is expected to grow from $1259.7 billion in 2020 to $1352.6 billion in 2021 at a compound annual growth rate (CAGR) of 7.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1700.8 billion in 2025 at a CAGR of 6%.

There are a number of new developments in the packaging industry that will drive the demand for plastic materials.

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The plastics and rubber products market consists of sales of plastics and rubber products by entities (organizations, sole traders and partnerships) that produce goods by processing plastic and rubber raw materials. Plastics and rubber products are included in the same market as they have similar technical properties, though they are categorized based on the sole use of either rubber or plastic as raw material in the production of the product. Businesses in the industry produce plastic bags and bottles, plastic film and sheets, plastic and rubber pipes, plastic foams, rubber hoses and tires.

Global Plastics And Rubber Products Market Segments Include:

By Type: Rubber Products, Plastic Products
By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others
Subsegments Covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global plastics and rubber products market, accounting for 40% of the market in 2020.

Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, better product quality at lower costs.

TBRC’s plastics and rubber products market report covers:

Major Market Players: Bridgestone Corporation, Michelin Inc, Good Year Tire & Rubber Company, Continental Tire the Americas, S C Johnson & Son Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Plastics And Rubber Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides plastics and rubber products market overviews, analyses and forecasts market size, share, plastics and rubber products market players, plastics and rubber products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s plastics and rubber products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Plasticizers Global Market Report 2021
Rubber Products Global Market Report 2021
Plastic Products Global Market Report 2021

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