Plastic Material And Resins Market Global Briefing 2018

Plastic Material And Resins Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 36 | Published : January 2018

SKU CODE : 2632 | Format :

Resins are organic compounds consisting of a non-crystalline or viscous liquid substance. Natural resins are typically fusible and flammable organic substances that are transparent or translucent and are yellowish to brown in color. Some examples of resins include frankincense, myrrh and benzoin. Plastic is a material consisting of any of a wide range of synthetic or semi-synthetic organics that are malleable and can be molded into solid objects of diverse shapes. Due to their relatively low cost, ease of manufacture, versatility, and rigidity to water, plastics are used in an enormous and expanding range of products, from paper clips to spaceships. Some examples of plastic materials include polyethylene terephthalate and polyvinyl chlorides. Plastics materials and resins manufacturing industry comprises establishments involved in manufacturing resins, plastic materials, non-vulcanizable thermoplastic elastomers, customized mixing and blending of resins, and manufacturing of non-customized synthetic resins.

The global plastics material and resin market is expected to reach over $1140 billion in 2020. This can be attributed to the new developments in packaging. 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. Convenience features, such as resalable packs, easy-opening, stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and will drive the market growth.

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