Plastic Material And Resins Market, Applications And Industry Analysis, Size, Share, Growth And Forecast 2031

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The global plastic material and resins market reached a value of nearly $466.2 billion in 2020, having increased at a compound annual growth rate (CAGR) of 1.2% since 2015. The market is expected to grow from $466.2 billion in 2020 to $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.

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. Convenience features, such as resalable packs, easy-opening, stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. Similarly, recent development of bio-degradable plastics which degrade naturally from the actions of microorganism such as bacteria, algae and fungi is gaining traction. These developments in packaging will increase the consumption of plastics and will in turn drive the market growth.

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The plastic material and resins market is segmented -
•By Type: Low-Density Polyethylene, High-Density Polyethylene, Polypropylene, Polystyrene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane
•By End User Industry: Packaging, Automotive, Construction, Electrical & Electronics, Consumer Goods, Furniture & Bedding, Others-End User

Major competitors in the plastic material and resins market include LyondellBasell Industries Holdings BV, Total SE, Ineos AG, Lotte Chemical Corporation, BASF SE

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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.

The Table Of Content For The Plastic Material And Resins Market Include:
Table 1: Global Plastic Material And Resins Market, Historic, 2015 - 2020, $ Billion
Table 2: Global Plastic Material And Resins Market, Forecast, 2020 - 2025, 2030F, $ Billion
Table 3: Global Plastic Material And Resins Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, %
Table 4: Global Plastic Material And Resins Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, $ Billion
Table 5: Global Plastic Material And Resins Market, 2015 - 2025, Historic And Forecast Growth Rate, Split By Region
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Table 278: Global Chemicals By End Use Market, 2015 - 2025, Historic And Forecast Growth Rate, Split By Region
Table 279: Global Plastic Material And Resins Market Size Gain ($ Billion), 2020 - 2025, By Country
Table 280: Global Plastic Material And Resins Market Size Gain ($ Billion), Segmentation By Type, 2020 - 2025
Table 281: Global Plastic Material And Resins Market Size Gain ($ Billion), Segmentation By End-User Industry, 2020 - 2025
Table 282: Plastic Material And Resins - Market Data Sources

The Business Research Company's "Global Plastic material and resins Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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