Global Paper, Plastics, Rubber, Wood And Textile Market 2024 : Trends, Business Growth And Major Driving Factors | Nike Inc., Christian Dior SE, Michelin Group, Adidas AG, Bridgestone Corporation

"The paper, plastics, rubber, wood and textile market size has grown strongly in recent years. It will grow from $7137.52 billion in 2023 to $7661.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to economic conditions, raw material prices, consumer preferences, global trade.

The paper, plastics, rubber, wood and textile market size is expected to see strong growth in the next few years. It will grow to $10003.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainability and esg factors, demographic changes, consumer trends, circular economy initiatives, fast fashion and sustainable fashion. Major trends in the forecast period include eco-friendly materials, digitalization and industry 4.0, smart and functional materials, personalization and customization.

Market Overview -
Paper is a thin, flexible material that is typically manufactured in sheets from rags, wood, and plastic is a collection of materials, either man-made or natural, that can be molded while still soft and then hardened to keep the desired shape. Rubber is a material that can be made stretchy by coagulating the milky juice of a variety of tropical plants. Wood refers to the majority of the stems, branches, and roots of trees and shrubs, which are made of a hard fibrous substance called xylem that lies beneath the bark, and textile is a colloquial term for any fabric or product made by knitting, felting, or weaving.

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Rising Consumer Goods Demand Drives Growth In Paper, Plastics, Rubber, Wood, And Textile Markets
Escalated demand for consumer goods is expected to propel the growth of the paper, plastics, rubber, wood, and textile markets going forward. Consumer goods refer to products that are designed and produced for the direct use and consumption of individuals or households. Paper, plastics, rubber, wood, and textiles serve as key components in various consumer goods, including packaging, electronics, furniture, clothing, and more, contributing to the diverse range of products that enhance daily life. For instance, in May 2023, According to the National Bureau of Statistics (NBS), a Nigeria-based official statistical agency, retail sales of China's consumer goods went up by 18.4 percent year-on-year (YoY) in April 2023. The total sales reached a staggering 14.98 trillion yuan (around $2.16 trillion) in the January-April period of 2023. Therefore, escalated demand for consumer goods will drive the paper, plastics, rubber, wood, and textile market going forward.

Competitive Landscape -
Major companies operating in the paper, plastics, rubber, wood and textile market include Nike Inc., Christian Dior SE, Michelin Group, Adidas AG, Bridgestone Corporation, International Paper Company, Kimberly Clark Corporation, Procter & Gamble Co., WestRock Company, The Goodyear Tire & Rubber Company, Pirelli & C. SPA, ExxonMobil Product Solutions, The Yokohama Rubber Co. Ltd., Continental AG, Hankook Tire & Technology Co. Ltd., Sumitomo Rubber Industries Ltd., Apollo Tyres Limited, Kumho Tire Co. Inc., Nexen Tire Corporation, Toyo Tire Corporation, Yokohama Rubber Co. Ltd., Georgia-Pacific LLC, Weyerhaeuser Company, Avery Dennison Corporation, Berry Global Group Inc., Bemis Company Inc., Sealed Air Corporation, Sonoco Products Company, Graphic Packaging International Inc., Packaging Corporation of America.

Innovative Hamaheat Super 80 Conveyor Belt Drive Profitability In Paper, Plastics, Rubber, Wood, And Textile Industries
Major companies operating in the paper, plastics, rubber, wood, and textile markets are innovating new products, such as Hamaheat Super 80, to increase their profitability in the market. Hamaheat Super 80 is a high-temperature, heat-resistant conveyor belt from the Hamaheat series. For instance, in March 2023, Yokohama Rubber Co., Ltd., a Japan-based rubber manufacturer, launched the Hamaheat Super 80. The Hamaheat Super 80 is the most recent addition to the company's range of conveyor belts, which have earned the confidence of users across various industries. This conveyor belt is designed for conveying materials at elevated temperatures, with a permissible belt surface temperature of up to 180 °C (350 °F).

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Key Segments -
The paper, plastics, rubber, wood and textile market covered in this report is segmented -
1) By Type: Apparel And Leather Products, Furniture, General Manufactured Goods, Paper Products, Plastics And Rubber Products, Printing And Related Support Activities, Textile, Wood Products
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Nature: Organic, Conventional

Subsegments Covered: Leather And Allied Products, Apparel, Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades, Jewelry And Silverware, Sporting And Athletic Goods, Doll, Toy, And Game, Office Supplies (except Paper), Sign, All Other Miscellaneous Manufactured Goods, Converted Paper Products, Unfinished Paper, Pulp Mills, Rubber Products, Plastic Products, Printing, Support Activities For Printing, Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills, Finished Wood Products, Wood Processing, Manufactured Wood Materials

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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