Rigid Transparent Plastics Market Global Production, Demand and Business Outlook 2021

Rigid Transparent Plastics Market - Growth, Trends, And Forecast (2020 - 2025)

The Rigid Transparent Plastics Market covers important aspects of this market concerning fundamental parameters. The report explains outline of the business range, concentrating on the overall industry, development possibilities, types and application. It brief Rigid Transparent Plastics summary of the market considering the current and future scenarios. It also provides information in terms of development and its capacities.

The market for rigid transparent plastics is anticipated to register a CAGR of more than 6% during the forecast period.

The Rigid Transparent Plastics market is highly competitive and consists of a number of major players: DuPont, BASF SE, Covestro AG, Arkema Group and SABIC and Others

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Scope of the Report

These rigid transparent plastics are widely employed in the food & beverage industry for manufacturing packaging covers or materials. Increasing demand for packed foods from the food & beverage industry and rising replacement of conventional materials by rigid transparent plastics are augmenting the growth of the market.

Key Market Trends

Increasing Demand from Packaging Industry

- The Global packaging industry has come across steady growth from the recent years and is expected to continue, driven by shifts in choice of substrates, expansion of new markets, and changing ownership dynamics.
- Additionally, growth in pharmaceuticals, cost-effectiveness of thermoforming and the ease of disposal are some of the other factors driving the packaging industry nowadays.
- Packaging is the 5th largest sector in Indias economy and is one of the highest growth sectors in the country. According to Packaging Industry Association of India (PIAI), the sector is growing at a rate of 22-25% annually.
- Owing to the rising population in China, people are increasingly consuming products like food, beverages, and on-the-go pharmaceuticals. This is increasing the demand for packaging solutions that are convenient and portable. The Chinese packaging industry is expected to grow at a rate of 5.9% per year till 2020.
- In the United States, among the different types of packaging, the flexible packaging market is growing at a faster pace, owing to the benefits of flexible packaging and higher end-user preference over other packaging types. The changing trends in consumer behavior and the manufacturers convenience are resulting in a faster growth of the flexible packaging market in the country.
- The packaging industry in Germany is also growing at a rapid pace, owing to the huge increase in domestic e-commerce and rising foreign exports. In addition, the increasing preference for packaged food and beverages is also leading to the growth of packaging industry.
- All the aforementioned factors are likely to help the market for rigid transparent plastics flourish in the packaging segment, during the forecast period.

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In Europe region, Germany to dominate the Market

- In Europe, Germany represents the largest economy and it is the fifth-largest economy in the world in terms of GDP. The growth of automotive, healthcare, and construction & building sectors in the country have contributed largely toward the increase in demand for rigid transparent plastics.
- Moreover, the electronics & telecommunication sector is also growing, with the increase in the use of IT services in almost all industries throughout the country. With an increase in use of consumer electronics, the demand for rigid transparent plastics is expected to rise gradually in the country.
- Germany witnessed an increase of over 15% in the new residential building permits, and this growth trend is expected to continue, owing to the growing demand for real estate, growing population, increased job security, and low borrowing costs.
- Hence, with the booming housing market and real estate demand, the construction & building industry is expected to grow rapidly, in turn, increasing the market for rigid transparent plastics in the country.
- Additionally, In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 320 billion, excluding fitness and wellness.
- The demographic change and digitalization, the country has been investing in mobile healthcare facilities and is expected to grow by over EUR 3 billion in the near future, thereby, providing a platform to further expand the German healthcare sector.
- Above mentioned factors are driving the market for rigid transparent plastics in the country.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Rigid Transparent Plastics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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