The global plastic materials and
resins market, a part of the chemicals industry, grew at a compound annual
growth rate (CAGR) of around 2% during the historic period. The chemicals
industry showed a steady growth. The demand for industrial packaging products
has increased recently, particularly in emerging economies. As the size of the
middle-class grew in these countries, consumption of processed foods, poultry,
meat and agricultural products increased.
In the forecast period, the global
plastic materials and resins market size is expected to be over $500 billion by
2021, growing at a CAGR of nearly 4.5%. The plastics manufacturing industry is
affected by the growth of the packaging industry. There are a number of new developments
in the packaging industry that will drive the demand for plastic materials. Furthermore,
rising population, increase in dispensable income, and increasing per capita
incomes are expected to drive the global plastic materials and resins market in
the future.
Find TBRC’s report on the plastic materials and resins
market: https://www.thebusinessresearchcompany.com/report/plastic-material-and-resins-global-market-report-2018
The world population is increasingly becoming aware about
the adverse impact of plastic materials on the environment. This has led to a
rapid increase in demand for eco-friendly plastics: bioplastics that are manufactured
from polymer resins derived from plants and plastics that can be decomposed
with the help of bacteria.
Major companies in the plastic materials and resins market, offering
new technology include LyondellBasell Industries, Dow Chemical Company, BASF
SE, Bayer Material Science, Total SA.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=209&type=smp
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