Global Plastics Market Size By Type, By End use Industry, By Geographic Scope And Forecast
Plastics Market Size And Forecast
Plastics Market was valued at USD 540.45 Billion in 2019 and is projected to reach USD 689.43 Billion by 2027, growing at a CAGR of 3.1 % from 2020 to 2027.
Global Plastics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The rising prevalence of demand in the growth of key end-use industries, and shift in trend towards replacements of glass and metals, are the factors propelling the growth of the plastic market. Moreover, new ink resin technologies are the drivers that might boost flexographic ink market growth for the forecast period. However, unstable prices of raw materials are hampering the growth of the market.
Frequently Asked Questions (FAQs)
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Plastics Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Plastics Market Competitive Landscape
The Global Plastics Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, SABIC, Dow Inc., DuPont de Nemours, Inc, Evonik Industries, Sumitomo Chemical Co., Ltd, Arkema, Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, and Others.
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