Plastics Market Affects due to Coronavirus Pandemic | Know The Short and Long-Term Actions Taken by Key Players Borouge, LyondellBasell, Braskem, SABIC, Covestro, Dow, BASF, Reliance Industries Limited, INEOS, ExxonMobil, etc
Global Plastics Market Recent Growth Factors, Trends, Size, Share and Forecast to 2026The report further mentions that the Plastics Market size is projected to reach USD 647.48 billion by 2026, thereby exhibiting a CAGR of 4.9% during the forecast period. However, it stood at USD 441.55 billion in 2018.
Highlights of the Report
o Country-wise analysis of significant geographical regions.
o Extensive analysis of polymers market expansion and market-entry strategies.
o Competitive landscape, such as new product launches, agreements, contracts, investments, strategic collaborations, and mergers and acquisitions.
o In-depth information about the Plastics Market trends, opportunities, challenges, growth drivers, and barriers.
Get Sample PDF Brochure with "Short-Term and Long-Term Impact of COVID-19" on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/plastics-market-102176
Increasing Demand from Food & Beverage Industry to Accelerate Growth
In several industries, namely, consumer goods, automotive, food & beverage, and electrical & electronics, the demand for plastics is increasing at a rapid rate. Above all, in the food & beverage industry, plastics are used at a large scale because of the increasing demand for packaging materials. As per one of our lead analysts, "Plastics are capable of acting as the stumbling blocks between the external environment and the food items. Therefore, the existing manufacturers are inclining more towards enhanced plastic packaging to reduce quality degradation and possibility of food contamination." These factors are set to drive the Plastics Market growth during the forthcoming years.
Fortune Business Insights(TM) lists out some of the most renowned companies present in the Plastics Market. They are as follows:
o Covestro AG
o BASF SE
o Reliance Industries Limited
o ExxonMobil Chemical
o China Petroleum Corporation
o Inoac Corporation
o Total S.A.
o Formosa Plastics Group
o Other key players
Get a detailed summary of Plastics Market insights: https://www.fortunebusinessinsights.com/plastics-market-102176
Availability of Cost-effective Raw Materials to Favor Growth in Asia Pacific
In terms of region, the polymers market is grouped into Latin America, the Middle East and Africa, North America, Asia Pacific, and Europe. Amongst these, North America acquired USD 72.90 billion Plastics Market revenue in 2018 and is likely to showcase significant growth throughout the forecast period. This growth is attributable to the increasing demand for plastics in the U.S. from industries, namely, healthcare & pharmaceuticals, automotive, packaging, and more. Europe is expected to experience considerable growth in the near future on account of the high demand for plastics from the infrastructure & construction industry.
Asia Pacific, on the other hand, is likely to be the fastest-growing region owing to the large consumption of plastics by India and China. China would lead because of the availability of raw materials at lower rates in this country. It is, in turn, minimizing the hindrances involved in the plastic production process. Apart from that, the demand for plastics from the consumer goods industry is skyrocketing because of their increasing usage in the production of textiles, toys, and sports goods.
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Fortune Business Insights(TM)
Linkedin | Twitter | Blogs
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastics Market Affects due to Coronavirus Pandemic | Know The Short and Long-Term Actions Taken by Key Players Borouge, LyondellBasell, Braskem, SABIC, Covestro, Dow, BASF, Reliance Industries Limited, INEOS, ExxonMobil, etc here
News-ID: 2065086 • Views: …
More Releases from Fortune Business Insights(TM)
Workforce Management Market Analysis, Development, Revenue, Future Growth and Fo …
At the beginning of a recently published report on the Workforce Management Market Size 2018-2026, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Workforce Management Market Various segments of the market have
RTD Coffee Market: How the Business Will Grow in 2026 ? Prominent Players: Pepsi …
The global RTD coffee market boasts an unparalleled distribution channel in the Asia Pacific, which as per Fortune Business Insights is a key factor supporting its expansion in the region. In its report, titled "Ready to Drink Coffee Market Size, Share and Industry Analysis By Packaging Material (Glass and PET Bottles, Cans), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), and Regional Forecast 2018-2025", Fortune Business Insights has found that
Why the Probiotics Market is set to explode? Top Companies: o Danone S.A., Lalle …
According to the recent report published by Fortune Business Insights, titled "Probiotics Market Size, Share and Global Trend By Microbial Genus (Lactobacillus, Bifidobacteria, Yeast), By Application (Functional Food and Beverage, Dietary Supplement, Animal Feed), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail), and Geography Forecast till 2025," the market was valued at USD 42.55 billion in 2017 and is projected to reach USD 74.69 billion by the end
COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 …
Abrasives Market Drivers, Influencer and Restraints The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies. Therefore, the surge in the sales of automobiles will boost the abrasives market revenue during the forecast period. Furthermore, the growing auto-export in countries such as India will fuel demand abrasives in the
More Releases for Plastics
Aerospace Plastics Market Demand and Technology Growth 2026 | 3P-Performance Pla …
Allied Market Research published a report, titled, "Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), Type of Aircraft (Commercial, Military, Rotorcraft, and Space), and Application (Cabin Interior, Windows & Windshield, Airframe, and Propulsion System): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global aerospace plastics industry garnered $744 million
What's Driving the Aerospace Plastics Market Trends? SABIC, Solvay, Superior Pla …
Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK. Increasing
Plastic Contract Manufacturing Market is touching new level - GW Plastics, Inc., …
Global Plastic Contract Manufacturing Market: Snapshot The global Plastic Contract Manufacturing market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.6% in the forecast period of 2020 to 2025 and will expected to reach USD 26920 million by 2025, from USD 23390 million in 2019 Get Sample Copy of this Report @https://www.orianresearch.com/request-sample/1512613 Further, in the research report, the following points are included
Aircraft Plastics Market Analysis Focusing on Top Key Players are Solvay, BASF, …
Market Study Report LLC recently introduced new title on “2019-2024 Global Aircraft Plastics Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024. The worldwide market for Aircraft Plastics is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019,
Plastic Contract Manufacturing Market 2018, Future Trends - McClarin Plastics, L …
Plastic Contract Manufacturing Market 2018 Industry report is offers a clear picture of the current and future Industry trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts and data experts, carries an array of tables and graphs besides qualitative analyses. Consumer electronics industry is dynamic and highly competitive in nature. As a result, manufacturers have been trying to implement methods which can reduce production cost
Global Plastics Extrusion Market 2018 - Talent Plastics, Intek Plastics, America …
Apex Market Reports, recently published a detailed market research study focused on the “Plastics Extrusion Market” across the global, regional and country level. The report provides 360° analysis of “Plastics Extrusion Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Plastics Extrusion on