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North American Plastics Market: Analysis Report, Share, Trends and Overview 2021-2027

12-14-2021 10:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The North American plastics market will see a considerable growth of 2.4% during the forecast period. In the fast-paced lifestyle of North America, people seek “on the go” food and beverage packaging, with user-friendly features such as portion packs and re-sealable options.
In North America, especially in the US, the consumers are rapidly inclined toward healthy alternatives to beverages, mostly bottled water, which in turn, rising the need for plastics in the US. This trend is further expected to compel manufacturers to increase plastic bottle manufacturing capabilities and investments in the country. In recent times, the bottled water surpassed soda as the largest packaged beverage category by volume in the US.

A full report of North American Plastics Market is available at: https://www.omrglobal.com/industry-reports/north-american-plastics-market

In 2019, the consumption share of bottled water in the US, stood at 25.2%, as per a report published by the International Bottled Water Association 2019. According to the same report, bottled water consumption in the US increased to 14.3 billion gallons, up by 3.6% from 2018, and retail sales totaled $34.8 billion up by 5.8% increase from 2018.

Per capita consumption of bottled water has considerably increased by 2.7%, with an average American drinking 43 gallons of bottled water annually. Along with the bottled packaging, the US food packaging industry is growing at a substantial rate, owing to the growing export of packaged food around the globe, majorly in China, South Korea, India, and other Asian economies.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/north-american-plastics-market

Market Coverage

• Study Period- 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segments Covered- By Type and By Application
• Countries Covered- US and Canada
• Key Companies Profiled- Exxon Mobil Corp., Saudi Basic Industries Corp. (SABIC), The Dow Chemical Co., Celanese Corp., Formosa Plastics Corp., and BASF SE

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Plastics Market – Segmentation

By Type

• Thermoplastics
• Thermosets

By Application

• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Household, Leisure & Sports
• Agriculture
• Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-plastics-market

North American Plastics Market– Segment by Region

• United States
• Canada

Company Profiles

• Arkema Group
• Airex Industries Inc.
• Asahi Kasei Corp.
• BASF SE
• BioLogiQ Inc.
• Celanese Corp.
• Chevron Corp.
• Cope Plastics Inc.
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Exxon Mobil Corp.
• Hexcel Corp.
• MBA Polymers, Inc.
• Momentive Performance Materials Inc.
• NOVA Chemicals Corp.
• Petoskey Plastics, Inc.
• PolyOne Corp.

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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