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Paper, Plastics, Rubber, Wood And Textile: A Leading Driver Behind Rising Consumer Goods Demand Drives Growth In Paper, Plastics, Rubber, Wood, And Textile Markets Market Expansion in 2025
Paper, Plastics, Rubber, Wood And Textile
What Will the Paper, Plastics, Rubber, Wood And Textile Industry Market Size Be by 2025?
The paper, plastics, rubber, wood, and textile market has shown strong growth in recent years. It is projected to grow from $7055.63 billion in 2024 to $7474.94 billion in 2025 at a CAGR of 5.9%. Contributing factors in the past included economic conditions, raw material pricing, consumer preferences, and global trade.
What's the Long-Term Growth Forecast for the Paper, Plastics, Rubber, Wood And Textile Market Size Through 2029?
The market size for paper, plastics, rubber, wood and textiles is anticipated to experience robust expansion in the next several years. With an estimated worth of $9584.69 billion in 2029 and a compound annual growth rate (CAGR) of 6.4%, this growth can be attributed to various factors. These include sustainability and ESG considerations, demographic shifts, consumer trends, initiatives geared towards a circular economy, along with fast and sustainable fashion trends. Key trends projected for this period encompass eco-friendly materials, the influence of digitalization and industry 4.0, intelligent and functional materials, as well as personalization and customization.
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What Are the Key Growth Drivers Fueling the Paper, Plastics, Rubber, Wood And Textile Market Expansion?
The anticipated surge in consumer goods demand is predicted to fuel the expansion of the paper, plastics, rubber, wood, and textile industries in the future. Consumer goods are defined as goods specifically manufactured for immediate usage or consumption by individuals or families. These materials, including paper, plastics, rubber, wood, and textiles, are integral to a multitude of consumer goods, such as packaging materials, electronics, furniture, apparel, among others, thus contributing to the vast spectrum of products that simplify everyday life. For instance, as per the UK's House of Commons Library data, in August 2024, the British retail sector's economic output for 2023 was $150.84 billion (£112.8 billion), representing 4.9% of the UK's total economic output. This marks 2.4% growth from the previous year. Furthermore, the value of retail sales in Great Britain for 2023 was $681.97 billion (£510 billion), marking a 3% growth from 2022. Hence, the burgeoning demand for consumer goods is forecasted to propel the progress of the paper, plastics, rubber, wood, and textile sectors in the future.
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What Are the Key Trends Driving Paper, Plastics, Rubber, Wood And Textile Market Growth?
Leading corporations in the sectors of paper, plastics, rubber, wood, and textiles are experimenting with innovative products like Hamaheat Super 80 to boost their market profitability. The Hamaheat Super 80 is a high-temperature conveyor belt from the renowned Hamaheat series. This cutting-edge product was brought to the market by Yokohama Rubber Co., Ltd., a rubber production company based in Japan, in March 2023. Admirably, the Hamaheat Super 80 is the newest piece in the company's trusted collection of conveyor belts, utilised in various industries. Purposefully designed for high-temperature materials handling, this conveyor belt can withstand surface temperatures up to 180 °C (350 °F).
How Is the Paper, Plastics, Rubber, Wood And Textile Market Segmented?
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:
1) By Apparel And Leather Products: Clothing, Footwear, Leather Goods
2) By Furniture: Home Furniture, Office Furniture, Institutional Furniture
3) By General Manufactured Goods: Electronics And Electrical Equipment, Machinery And Equipment, Metal Products
4) By Paper Products: Packaging Paper, Paperboard, Newsprint, Tissue Paper, Printing Paper
5) By Plastics And Rubber Products: Plastic Packaging, Rubber Tires, Plastic Molding, Rubber Products, Plastic Films And Sheets
6) By Printing And Related Support Activities: Commercial Printing, Printing Support Services, Lithographic Printing
7) By Textile: Apparel Fabrics, Home Textiles, Technical Textiles, Industrial Textiles
8) By Wood Products: Sawn Wood, Plywood And Veneer, Wood Pallets, Wood Boards, Furniture And Cabinetry
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Which Companies Are Leading the Charge in Paper, Plastics, Rubber, Wood And Textile Market Innovation?
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.
Which Regions Are Leading the Global Paper, Plastics, Rubber, Wood And Textile Market in Revenue?
Asia-Pacific was the largest region in the paper, plastics, rubber, wood and textile market in 2024. Western Europe was the second largest region in the paper, plastics, rubber, wood and textile market. The regions covered in the paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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