Global Plastic Material And Resins Market Opportunities And Strategies – Forecast To 2030 – Includes Plastic Material And Resins Market Growth
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New developments in the packaging industry, such as CO2RE foaming technology, big data, IoT integration are expected to drive the plastic material and resins market going forward, as per The Business Research Company’s plastic material and resins market opportunities and strategies report.
The plastic material and resins market is expected to reach $659.2 billion in 2025 at a rate of 7.2%. The market is then expected to grow at a CAGR of 3.5% from 2025 and reach $784.2 billion in 2030.
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Major players in the plastic material and resins market include LyondellBasell Industries Holdings BV, Total SE, Ineos AG, Lotte Chemical Corporation, BASF SE.
Plastic material and resins manufacturers are using recycled plastic products as raw materials to reduce raw material costs, lower carbon footprint, and reduce dependence on other raw materials such as oil and gas. Recycled plastic has properties nearly identical to those of virgin plastic (plastic material which is produced without using any recycled plastic products) and contains only a small percentage of impurities. Additionally, recycled plastic has a carbon footprint 85% smaller than new plastic. Recycled plastic costs 20-25% less than plastic made from virgin raw materials such as oil and gas.
The Global Plastic Material And Resins Market Is Segmented:
By Type: Low-Density Polyethylene, High-Density Polyethylene, Polypropylene, Polystyrene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Others
By End User Industry: Packaging, Automotive, Construction, Electrical & Electronics, Consumer Goods, Furniture & Bedding, Others-End User
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
TBRC’s Plastic Material And Resins Market Report Covers:
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 (2016-21) and ten years forecast (2022-2026-2031)
The Plastic Material And Resins Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough plastic material and resins market research, analyzes and forecasts plastic material and resins market size, plastic material and resins market share, plastic material and resins market players, plastic material and resins market trends, plastic material and resins market segmentation and geographies, leading competitor revenues, profiles and market shares.
TBRC’s plastic material and resins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
The plastic material and resins manufacturing market consists of the sales of plastic material and resins by entities (organizations, sole traders or partnerships) that produce resins, plastic materials, and non-vulcanizable thermoplastic elastomers and mix and blend resins on a custom basis and/or produce non customized synthetic resins.
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