Global Plastics And Rubber Products Market Trends And Strategies Of Major Players In The Plastics And Rubber Products Market 2021-2030
23 Feb, 2021
The plastics and rubber products market consists of sales of plastics and rubber products by entities (organizations, sole traders and partnerships) that produce goods by processing plastic and rubber raw materials. Plastics and rubber products are included in the same market as they have similar technical properties, though they are categorized based on the sole use of either rubber or plastic as raw material in the production of the product. Businesses in the industry produce plastic bags and bottles, plastic film and sheets, plastic and rubber pipes, plastic foams, rubber hoses and tires.
Global Plastics And Rubber Products Market Size And Drivers:
The global plastics and rubber products market is expected to grow from $1.25 trillion in 2020 to $1.35 trillion in 2021 at a compound annual growth rate (CAGR) of 7.%. The market is expected to reach $1.70 trillion in 2025 at a CAGR of 6%. There are a number of new developments in the packaging industry that will drive the demand for plastic materials.
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Trends In The Global Plastics And Rubber Products Market
Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, better product quality at lower costs.
Global Plastics And Rubber Products Market Segments:
The global plastics and rubber products market is further segmented based on type, end user industry and geography.
By Type:Rubber Products, Plastic Products.
By End-User Industry:Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others.
Subsegments Covered:Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product.
By Geography:The global plastics and rubber products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global plastics and rubber products market, accounting for 40% of the total market.
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Plastics And Rubber Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides plastics and rubber products market overviews, analyzes and forecasts market size and growth for the global plastics and rubber products market, plastics and rubber products market share, plastics and rubber products market players, plastics and rubber products market segments and geographies, plastics and rubber products market’s leading competitors’ revenues, profiles and market shares. The plastics and rubber products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.