Press release
Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Key Trends, Size, Share, Growth, Analysis And Outlook
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Consumer Products - Paper, Plastics, Rubber, Wood And Textile Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $85.94 billion In 2028 At A CAGR Of 6.7%.
The consumer products - paper, plastics, rubber, wood and textile market size has grown strongly in recent years. It will grow from $62.69 billion in 2023 to $66.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to global urbanization, smart home adoption, e-commerce growth, consumer lifestyle changes, obsolescence and upgrades, product miniaturization, environmental considerations..
The consumer products - paper, plastics, rubber, wood and textile market size is expected to see strong growth in the next few years. It will grow to $85.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to sustainability and circular economy, electric vehicles and charging infrastructure, cybersecurity concerns, subscription services, customization and personalization.. Major trends in the forecast period include advancements in wearable technology, integration of artificial intelligence (ai), 5g connectivity in consumer devices, expansion of the internet of things (iot), flexible and foldable displays..
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Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Major Segments
The consumer products - paper, plastics, rubber, wood and textile market covered in this report is segmented -
1) By Product Type: Wood Products, Paper Products, Plastic and Rubber Products, Furniture
2) By Distribution Channel: Online, Offline
3) By Application: Construction, Manufacture, Industry, Other Applications
Key Driver - The Surging Clothing Industry's Influence On Consumer Products Market
The rising growth of the clothing industry is expected to boost the growth of consumer products-paper, plastics, rubber, wood, and textiles market going forward. The clothing industry refers to all companies that are involved in designing, producing, and selling clothing. Clothes are made from textiles such as cotton, silk, denim, flannel, hemp, and other materials, hence rising growth of the textile industry is expected to boost the market. For instance, according to the UK Fashion and Textile Association, a UK-based association, the fashion and textile industry contributes almost $21.73bn (£20bn ) to the UK economy. Therefore, the rising growth of the clothing industry is driving the growth of consumer products-paper, plastics, rubber, wood, and textiles market.
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Prominent Trend - Bridgestone's B-Seals Silicone-Based Tire Sealant Technology Reshaping Consumer Products Market
Technological advancement is the key trend gaining popularity in the consumer products-paper, plastics, rubber, wood, and textiles market. Major companies operating in the consumer products-paper, plastics, rubber, wood, and textiles market are focusing on developing new technologies to sustain in the market. For instance, in June 2022, Bridgestone, a Tokyo-based tire and rubber products company, with Dow, a US-based innovative firm for materials science, launched B-SEALS, a silicone-based tire sealant technology that offers extended mobility without compromising sustainability. Tire repairability after a puncture is enhanced by the effective separation of B-SEALS from tires. The "Ecology," "Extension," and "Ease" values of the Bridgestone E8 Commitment are aligned with this ground-breaking technology, which enables optimal end-of-life tire recycling and increased tire life.
Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Players
Major companies operating in the consumer products - paper, plastics, rubber, wood and textile market report are Inter IKEA Holding B.V., Nike Inc., Bridgestone Corporation, Christian Dior Société Européenne, Adidas Aktiengesellschaft, Compagnie Générale des Établissements Michelin, Hennes & Mauritz AB, Arlanxeo Holding GmbH, Kumho Petrochemical Co. Ltd., PetroChina Company Limited, Taiwan Synthetic Rubber Corporation, LG Chem Ltd., Versalis S.p.A., Dow Inc., Von Bundit Co. Ltd., Kimberly-Clark Corporation, 3M Company, International Paper Company, Georgia-Pacific LLC, Essity AB, WestRock Company, Sonoco Products Company, Packaging Corporation of America, Domtar Corporation, UPM-Kymmene Oyj, Smurfit Kappa Group plc, Mayr-Melnhof Karton AG, Mondi plc, Nippon Paper Industries Co. Ltd., Rayonier Advanced Materials Inc., Metsä Board Oyj, Stora Enso Oyj .
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the consumer products - paper, plastics, rubber, wood and textile market in 2023. The regions covered in the consumer products - paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Report Structure
3. Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Trends And Strategies
4. Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market - Macro Economic Scenario
5. Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Size And Growth
…..
27. Consumer Products - Paper, Plastics, Rubber, Wood And Textile Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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