Press release
Plastic Material And Resins Market: Stellar Growth at a CAGR of 12.0%, Key Players, and Advanced Trends Propel Market Success
Plastic Material And Resins Market Growth
What Is The Projected Market Size Of The Global Plastic Material And Resins Market And Its Growth Rate?
The global plastic material and resins market is experiencing a swift rise.
• The market size was $1007.98 billion in 2024 and is expected to reach $1128.84 billion in 2025, growing at a CAGR of 12.0%
• The growth during the historic period was fueled by increased demand for industrial packaging products, growth of motor vehicles, and growth in the construction industry
• Furthermore, the market is projected to expand to $1693.99 billion in 2029 at a CAGR of 10.7%
• The growth in the forecast period can be attributed to new developments in the packaging industry which will drive market growth
What Is Driving The Growth In The Plastic Material And Resins Market?
Exciting developments in the packaging industry, such as CO2RE foaming technology, big data, and IoT integration, are expected to stimulate the growth of the plastic material and resins market. Introducing convenience features including resealable packs, easy-opening, stand-up pouches, and smaller pack sizes for single-servings promotes customer loyalty. Lastly, the recent advent of biodegradable plastics which disintegrate naturally due to the actions of microorganisms such as bacteria, algae, and fungi, is taking over the market. These improvements within the packaging industry will thus intensify the consumption of plastics, driving the market's growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2901&type=smp
Who Are the Key Players Driving Plastic Material And Resins Market Growth?
The major players driving growth in the plastic material and resins market are:
• LyondellBasell Industries Holdings BV
• Total SE
• Ineos AG
• Lotte Chemical Corporation
• BASF SE
• Covestro AG
• Formosa Plastics Corp., Huntsman International LLC
• Westlake Chemical Corp
• Dow
• Sintex Industries Ltd (India)
• Chevron Phillips
• Formulated Resins Ltd
What Are The Key Trends In The Plastic Material And Resins Market?
Major trends observed in the market include:
• New technological developments in the manufacturing process and efforts to devise products with improved attributes and new characteristics
• A strong focus on the research and development of new materials that are environmentally friendly and also have widespread use
• Investments in automation and robotics in factories to increase productivity
• Usage of recycled plastic products as raw materials to reduce their carbon footprint
• Collaborations with technology-based companies and research organizations in development activities of advanced polymers
What Are The Segments Of The Global Plastic Material And Resins Market?
The global plastic material and resins market includes the following segments:
• By Type: Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins
• By Application: Packaging, Housewares, Bags, Sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications
• By End User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries
Which Region Leads The Plastic Material And Resins Market?
Asia-Pacific was the largest region in the plastic material and resins market in 2024, followed by North America. These two regions show promising growth backed by increasing usage and demand for plastic material and resins.
Pre-Book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/plastic-material-and-resins-global-market-report
What Is Covered In The Plastic Material And Resins Market Global Market Report?
The Plastic material and resins market report covers key aspects including market size analysis, market segmentation analysis, key player focus, growth trends analysis, market contribution, growth drivers, industry challenges, and competitive developments.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=2901&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Material And Resins Market: Stellar Growth at a CAGR of 12.0%, Key Players, and Advanced Trends Propel Market Success here
News-ID: 3838258 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageants…
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategic…
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about…
