Plastic Products Global Market Report 2023 – By Type (Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Polystyrene Foam Products, Urethane And Other Foam Product, Other Plastics Product), By Technology (Injection Molding, Extrusion Molding, Blow Molding, Other Technologies), By End User Industry (Automotive and Transportation, Electrical and Electronics, Medical, Construction, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. Plasticizers have dominant uses in rubber, resins, and plastics, especially polyvinyl chloride (PVC). The product types of plasticizers are phthalate plasticizers, dop, dinp/didp/dphp, other non-phthalate plasticizers, dotp, adipates, trimellitates, epoxies, and benzoates. Phthalates are a group of chemicals that are used to make plastics more durable. A few of the phthalates are used to help dissolve other materials. Phthalates are in hundreds of products, like vinyl flooring, lubricating oils, and personal-care products like soaps, shampoos, and hair sprays. The distribution channels are online and offline. The various applications involved are flooring & walls, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and other applications. The global plasticizers market is segmented - 1) By Product Type: Phthalates Plasticizers, DOP, DINP/DIDP/DPHP, Others, Non-Phthalates Plasticizers, DOTP, Adipates, Trimellitates, Epoxies, Benzoates 2) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications 3) By Distribution Channel: Online, Offline The global plasticizers market size will grow from $93.47 billion in 2022 to $100.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global plasticizers is expected to grow from $132.63 billion in 2027 at a CAGR of 7.1%. Rising demand for flexible polyvinyl chloride (PVC) contributes to the growth of the plasticizer market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. The increasing demand for flexible PVC material in various end-use industries drives the demand for plasticizers. Flexible packaging provides long-lasting safety, lightweight, and compactness while maintaining a low carbon footprint, which increases demand for PVC from the packaging industry. Major players in the plasticizers market report are Arkema S.A, BASF SE, Dow Chemical Company, LG Chem Ltd., Evonik Industries Ag, Exxon Mobil Corporation, Eastman Chemical Company, Ineos Group, UPC GROUP, and Bluesail. The strict regulations on the use of phthalate plasticizers are limiting the growth of the plasticizer market. Phthalate plasticizers are the most commonly used plasticizers due to their easy availability and low cost. Several companies are moving away from phthalate plasticizers as a number of studies reveal the health effects caused by the use of plasticizers. However, non-governmental organizations such as the U.S. Green Building Council (USGBC) promote the use of non-phthalate plasticizers because of their environmentally friendly nature. The application of certain phthalates in many consumer products is prohibited in various countries. Directives such as the EEC Directive and other regulations in Europe ban the use of phthalate plasticizers in some applications. The European Parliament forbids the use of phthalate plasticizers such as DEHP, DBP, and BBP in toys and childcare products. Therefore, strict regulations on using phthalate plasticizers have a negative impact on the plasticizer market's growth. Eco-friendly plasticizers are increasingly being used to prevent harmful phthalate plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproofing with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalate plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material's plasticity. The global eco-friendly plasticizer market is growing rapidly due to the increased demand for eco-friendly plasticizers to keep human health and the environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing, and are driving the growth of the plasticizer market. In September 2021, Cargill Inc., a US-based food corporation, acquired Arkema’S for an undisclosed amount. With this acquisition of Arkema manufacturing capabilities with Cargill’s bio-industrial expertise, the company will further support its plastics, automotive, medical, furniture, flooring, and specialty chemicals customers with a broader portfolio of bio-based solutions for applications such as polymer and lubricant modifiers, coalescing agents for paint, and foam for furniture. Arkema is a French-based specialty chemical and advanced materials company. Asia-Pacific was the largest region in the plasticizers market in 2022. North America was the second-largest region in the global plasticizers market share. The regions covered in the plasticizers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the global plasticizers market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The plasticizers market consists of the sales of azelates, citrates, ortho-phthalates, terephthalates, and sebacates. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plasticizers market research report is one of a series of new reports from The Business Research Company that provides plasticizers market statistics, including plasticizers industry global market size, regional shares, competitors with a plasticizers market share, detailed plasticizers market segments, market trends and opportunities, and any further data you may need to thrive in the plasticizers industry. This plasticizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Paper is a thin, flexible material that is typically manufactured in sheets from rags, wood, and lastics are a collection of materials, either man-made or natural, that can be molded while still soft and then hardened to keep the desired shape; rubber is a material that can be made stretchy by coagulating the milky juice of a variety of tropical plants; wood refers to the majority of the stems, branches, and roots of trees and shrubs are made of a hard fibrous substance called xylem that lies beneath the bark, and "textile" is a colloquial term for any fabric or product made by knitting, felting, or weaving. The main types of paper, plastics, rubber, wood and textile are apparel and leather products, furniture, general manufactured goods, paper products, plastics and rubber products, printing and related support activities, textile and wood products. Leather and allied product manufacturers turn hides into leather by tanning or curing them and then constructing them into finished products, as well as producing similar goods from other materials, such as leather alternatives like rubber, polymers, or textiles (excluding clothes). The different natures include organic, conventional and is distributed through various channels such as supermarkets or hypermarkets, convenience stores, e-commerce, others. The global paper, plastics, rubber, wood and textile market 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 Covered: Leather And Allied Products, Apparel, Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades, Jewelry And Silverware, Sporting And Athletic Goods, Doll, Toy, And Game, Office Supplies (except Paper), Sign, All Other Miscellaneous Manufactured Goods, Converted Paper Products, Unfinished Paper, Pulp Mills, Rubber Products, Plastic Products, Printing, Support Activities For Printing, Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills, Finished Wood Products, Wood Processing, Manufactured Wood Materials The global paper, plastics, rubber, wood and textile market size will grow from $6573.88 billion in 2022 to $7032.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global paper, plastics, rubber, wood and textile is expected to grow to $8939.16 billion in 2027 at a CAGR of 6.2%. Rapid Technological Development - Technology is expected to be a continued driver of paper, plastics, rubber, wood and textile market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as "Green Tires," where 20-30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advances which enabled improved performance, reduced fuel consumption contributed to the growth of the paper, plastics, rubber, wood and textile market. Major companies in the paper, plastics, rubber, wood and textile market include Nike Inc., Christian Dior SE, The Michelin Group, Adidas AG, Bridgestone Corporation, International Paper Company, Kimberly Clark Corporation, Rajesh Exports, Procter & Gamble and WestRock Company. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the paper, plastics, rubber, wood and textile market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the paper, plastics, rubber, wood and textile manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Manufacturers in the plastic 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. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines were employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Asia-Pacific was the largest region in the paper, plastics, rubber, wood and textile market in 2022. Western Europe was the second largest region in the global paper, plastics, rubber, wood and textile market share. The regions covered in the global paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the paper, plastics, rubber, wood and textile market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The paper, plastics, rubber, wood and textile market consists of sales of clothes, groceries, and wood furniture. Values in the paper, plastics, rubber, wood and textile market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the paper, plastics, rubber, wood and textile market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The paper, plastics, rubber, wood and textile market research report is one of a series of new reports from The Business Research Company that provides paper, plastics, rubber, wood and textile market statistics, including paper, plastics, rubber, wood and textile industry global market size, regional shares, competitors with a paper, plastics, rubber, wood and textile market share, detailed paper, plastics, rubber, wood and textile market segments, market trends and opportunities, and any further data you may need to thrive in the paper, plastics, rubber, wood and textile industry. This paper, plastics, rubber, wood and textile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plastic materials are synthetically made final products from polymers and resin is an unprocessed plastic derived from plant oozes. These include nonvulcanizable thermoplastic elastomers, and customized as well as non-customized synthetic resins. The main types of plastic materials and resins are polypropylene-plastic material and resins, high-density polyethylene, polyvinyl chloride, polyethylene terephthalate, polyurethane, low-density polyethylene, polystyrene-plastic material and resins, and other types of plastic material and resins. Polyvinyl chloride is a thermoplastic made of 57% chlorine derived from common salt and 43% carbon derived from ethylene from hydrocarbon feedstocks, sugar crops, crude oil, and natural gas. The applications involved are packaging, housewares, bags, sheets, bottles, fibers, tapes, films, medical materials, and other applications. The end-user industries include the chemical industry, the coating and printing industry, the electronics industry, the food and pharmaceutical industry, and other end-user industries. The global plastic materials and resins market is segmented - 1) 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 2) By Application: Packaging, Housewares, Bags, sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications 3) By End User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries The global plastic materials and resins market grew from $800.9 billion in 2022 to $885.95 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastic materials and resins market is expected to grow to $1301.4 billion in 2027 at a CAGR of 10.1%. New developments in the packaging industry, such as CO2RE foaming technology, big data, and IoT integration, are expected to drive the market going forward. Convenience features, such as resealable 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. Similarly, the recent development of biodegradable plastics, which degrade naturally from the actions of microorganisms such as bacteria, algae, and fungi, is gaining traction. These developments in packaging will increase the consumption of plastics, which will drive the market's growth. Major companies in the plastic materials and resins market include Dow Inc., Sinopec Limited, LyondellBasell Industries Holdings BV, Whitehead Institute for Biomedical Research, BASF SE, INEOS AG, DuPont Inc., Alpek SA.B. de C.V, Alfa SA.B. de C.V, and Exxon Mobil. Oil price volatility is likely to have a negative impact on the plastic materials and resins market as a significant decline and increase in oil prices negatively impact government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are largely dependent on revenues generated through crude oil exports, whereas a significant increase in oil prices has resulted in a spurt in inflation, current account deficit, and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022 due to a significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in the oil process is further expected to negatively impact the market going forward. The search for new characteristics for plastic materials and innovations in the manufacturing process have led to the development of various high-performance plastics. For example, smart polymers are materials that can change based on external environmental stimuli. A product that is a result of a combination of nanotechnology and plastic engineering. These products have high electrical conductivity, dimensional stability, and are also flame retardant, along with resistance to scratches, dents, and heat. These new high-performance plastics have gained rapid acceptance and find their applications in the medical, electronics, food packaging, automotive, and aerospace sectors. For instance, some of the major developments in plastic materials include plastics from potatoes and virgin PET from discarded textile fabric and waste bottles. Asia-Pacific was the largest region in the plastic materials and resins market in 2022. North Americawas the second-largest region in the plastic materials and resins market. The regions covered in the plastic materials and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plastic materials and resins market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The plastic materials and resins market consists of the sales of ryton & kynar, acrylic or polymethyl methacrylate, polycarbonate, and acrylonitrile-butadiene-styrene plastic materials and resins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic materials and resins market research report is one of a series of new reports from The Business Research Company that provides plastic materials and resins market statistics, including plastic materials and resins industry global market size, plastic materials and resins market regional shares, competitors with a plastic materials and resins market share, detailed plastic materials and resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic materials and resins industry. This plastic materials and resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the plastic materials and resins industry.

Plastic adhesives refers to special type of adhesives used for binding plastic materials together such as polycarbonate, acrylic, styrene, and other plastics. It is used for fixing home appliances such as a computer, phones, audio appliances and for fixing car parts, electrical tubes, and others. Only goods and services traded between entities or sold to end consumers are included. The main types of resin used in manufacturing plastic adhesives includes epoxy, polyurethane, acrylic, silicone, MMA, cyanoacrylate. Epoxy is a two-part adhesive formed by mixing epoxy resin and hardener. Polyurethane adhesive is a thermoplastic polymer-based glue. It is formed by a chemical reaction between the polymers. This glue is extremely strong and resistant most forms of degradation. An acrylic adhesive is a resin-based adhesive which is made up of acrylic or methyl acrylic polymers. An extremely strong form of adhesive, acrylic adhesive often finds its use in the construction industry owing to its strength and environmental resistance. Methyl methacrylate (MMA) adhesives are acrylic adhesives that are made of a resin and hardener, which cure quickly at room temperature and have full bond strength soon after application. Cyanoacrylates or super glues are strong and fast-acting adhesives with industrial, medical, and household uses. The different types of technologies are and is used in automotive, building and construction, electrical and electronics, medical, packaging industries. The global plastic adhesives market is segmented - 1) By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Other Resin Types 2) By Technology: Solvent-based, Water-based 3) By End-user: Automotive, Building and Construction, Electrical and Electronics, Medical, Packaging, Other End-Users The global plastic adhesives market size grew from $7.32 billion in 2022 to $7.99 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global plastic adhesives is expected to grow to $10.84 billion in 2027 at a CAGR of 7.9%. Increasing demand for plastic adhesives from the construction sector coupled with the growth of the construction industry is anticipated to boost the demand for plastic adhesives market over the forecast period. In the construction sector, adhesives are used in adhesion of ceramic tiles, carpet laying, manufactured housing and prefabricated housing, fixing of vinyl or resilient flooring, pre-finished panels, fixing roof titles or systems, fixing floor or drywall lamination, and other applications. Economic growth and a rapidly growing urban population is expected to increase the demand for new residential and commercial buildings during the forecast period, thus increase the demand for adhesives. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, urban population in South Asia is expected to grow by 250 million by 2030. According to a report by PwC, around 60% of the world population is expected to live in cities by 2030. This rapid urbanization is expected to boost the demand for infrastructure and drive the adhesives market going forward. Major players in the plastic adhesives market are H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, DowDuPont, Parker Hannifin Corporation, Master Bond Inc., Huntsman International Llc., Arkema, Adhesive Research Inc., BASF SE, Bostik, Buhnen, Dowdupont, Hexion, Lord Corporation, Mapei Spa, and Pidilite Industry Ltd. Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the plastic adhesive market in the historic period. This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry – in assessing and managing the risks involved in the manufacturing, transporting and disposing of chemicals – increased in the historic period. Adhesives have to be compliant with complex regulations that govern labeling, handling, manufacturing, and shipping and storage of the product. Additional compliance costs due to changing regulations, as different countries and geographies have different regulations, was a major restraint for plastic adhesives companies. Plastic adhesive companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help improve operational efficiency in manufacturing facilities. For example, in 2020, Henkel invested $55 million for new adhesives facility in India. This factory is expected to be the largest adhesive manufacturing site in India, the smart manufacturing unit will be launched near Pune and it aims to meet the growing demands of high-performance solutions in adhesives, sealants and surface treatment products within the Asian country. Companies such as IBG use automated processes and high quality to achieve high efficiency and standardized work. IBG offers various automated systems used for bonding and sealing with different adhesives and sealants, as well as turnkey plants. In October 2020, Pidilite, an Indian company that specializes in the manufacturing of adhesives, they also sell various industrial and construction chemicals, acquired Huntsmans India unit for $284 million US. The acquisition is expected to help Pidilite strengthen their portfolio by adding araldite to their portfolio of products. Also, in addition to the Indian subcontinent business, the acquisition includes a trademark license for the Middle East, Africa and ASEAN countries. Huntsman Corporation specializes in the manufacturing and marketing of chemical products. Huntsman Corporation was founded in 1982. Huntsman Corporation in an American company, headquartered in Texas. Asia-Pacific was the largest region in the plastic adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the plastic adhesives report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plastic adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The plastic adhesives market consists of sales of plastic adhesives in different forms including pellets, paste and liquid. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic adhesives market research report is one of a series of new reports from The Business Research Company that provides plastic adhesives market statistics, including plastic adhesives industry global market size, regional shares, competitors with a plastic adhesives market share, detailed plastic adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the plastic adhesives industry. This plastic adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Flexible plastic packaging refers to a technique for packing goods that makes use of flexible materials and is relatively new in the field of packaging solutions. It has gained popularity because of its high efficiency and economical nature. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride, among others. The main types of flexible plastic packaging include stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, and others. Stand-up pouches are also known as doypacks, are soft-sided containers that stand up on their own without any support. Flat pouches can be side welded or bottom sealed and have varieties like back or t-seal, four-side sealed and three-side sealed pouches. Roll stock consists of laminated film in one long, continuous sheet with a sturdy central cardboard having a highly usable structure. Gusseted bags have extra semi-oval shaped indents on both sides of the pouch forming a square or rectangle base, which increases the space of the bag allowing it to accommodate more items. Wicketed bags are stacked plastic bags which are arranged on a wire wicket and held together with rubber washer or a chipboard header. Wraps are tightly fitted flexible plastic used to cover a number of items. The technologies used in flexible plastic packaging includes flexography, rotogravure, digital printing and others. The flexible plastic packaging is used to pack a variety of items such as food, beverage, pharms & health care, personal care & cosmetics. The global flexible plastic packaging market is segmented - 1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Other Types 2) By Technology: Flexography, Rotogravure, Digital Printing, Other Technologies 3) By Application: Food, Beverage, Pharms & Health Care, Personal Care & Cosmetics, Other Applications The global flexible plastic packaging market size grew from $159.41 billion in 2022 to $166.35 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the flexible plastic packaging market is expected to grow to $201.92 billion in 2027 at a CAGR of 5.0%. The increase in consumption of processed and packaged food is drove the growth of the flexible plastic packaging market in the historic period. Packaged foods are food products that have been frozen, canned, cooked, packaged, or changed in nutritional composition and are preserved or fortified in different ways. Food brands are adopting flexible plastic packaging it consists of different types of packages that are easily molded. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period. Major players in the flexible plastic packaging market are Constantia Flexibles, Amcor Limited, Berry Global Inc., Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc., Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, C-P Flexible Packaging, Novolex - Carlyle Group, Swiss Pac, and Ultimate Packaging. Rise in environmental concerns limited the growth of the flexible plastic packaging market during the historic period. Non-recyclable plastic bags have become a leading source of pollution globally. There are concerns about plastic in waste and in marine litter. Heaps of plastic litters have been found on several beaches across the world, clogs city sewers and fuels a massive flow of plastic waste, killing wildlife including sea animals. In response, many countries have instituted stringent rules to control the use of plastic bags. China, for example, has issued complete bans on plastic bags. These concerns proved to be a challenge to the flexible plastic packaging industry. The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users. For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company, launched one-sided stretchable paper laminate, which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content. In October 2022, PPC Flexible Packaging LLC, a US-based packaging company specializing in the design and development of innovative flexible films, acquired Plastic Packaging Technologies, LLC, for an undisclosed amount. Through this acquisition, PPC increases its flexible packaging solutions and innovative packaging formats for food and beverage, healthcare, and specialty consumer markets in North America. Plastic Packaging Technologies, LLC, is a US-based packaging company pioneering in flexible film printing, pouch conversion, and other novel packaging concepts, including prototypes. Asia-Pacific was the largest region in the flexible plastic packaging market in 2022. The regions covered in the flexible plastic packaging market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the flexible plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The flexible plastic packaging market includes revenues earned by entities from different products such as snacks, beverages, vegetables, and others and includes polyethylene, polypropylene, polystyrene, and polyvinyl chloride.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flexible plastic packaging market research report is one of a series of new reports from The Business Research Company that provides flexible plastic packaging market statistics, including flexible plastic packaging industry global market size, regional shares, competitors with a flexible plastic packaging market share, detailed flexible plastic packaging market segments, market trends and opportunities, and any further data you may need to thrive in the flexible plastic packaging industry. This flexible plastic packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plastics and rubber products refer to any substance that is a component of one of the many semi- or synthetic solids used in the production of various goods, as well as any elastic substance made from the latex sap of trees-particularly those in the genus Hevea and genus Ficus—that can be vulcanized and finished into a range of goods. The main types of plastics and rubber products are rubber products and plastic products. Plastics are a broad category of synthetic or semi-synthetic compounds made primarily of polymers. Plastics can be shaped, stretched, or compressed into solid objects of diverse shapes due to their fluidity. The different sectors include automotive and transportation, electrical and electronics, medical, construction, and others. The global plastics and rubber products market is segmented - 1) By Type: Rubber Products, Plastic Products 2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users 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 The global plastics and rubber products market size will grow from $1365.01 billion in 2022 to $1466.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plastics and rubber products is expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7%. New Developments In Packaging - The plastics and rubber products 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 resealable packs, easy-to-open 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 rubber and are driving the market. Major companies in the plastics and rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Amcor Limited, Good Year Tire & Rubber Company, Sumitomo Rubber Group, Berry Global Group Inc., The Hankook Tire group, Pirelli & C SpA and Avery dennison. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the plastics and rubber products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastics and rubber products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. 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, and better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines are employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Asia-Pacific was the largest region in the plastics and rubber products market in 2022. North America was the second largest region in the plastics and rubber products market share. The regions covered in the plastics and rubber products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastics and rubber products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The plastics and rubber products market consists of sales of polymerproducts, elastic products, and flexible products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastics and rubber products market research report is one of a series of new reports from The Business Research Company that provides plastics and rubber products market statistics, including plastics and rubber products industry, global plastics and rubber products market size, regional shares, competitors with a plastics and rubber products market share, detailed plastics and rubber products market segments, plastics and rubber products market trends and opportunities, and any further data you may need to thrive in the plastics and rubber products industry. This plastics and rubber products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plastic caps and closures are the final elements of the packaging process, consisting of a structure or device designed to cover a container's opening and prevent the contents from spilling out, thereby reducing leakage of goods packed inside the container and product degradation inside the bottle. These are used in a variety of applications such as beverage packaging, non-food packaging, and cosmetic packaging. The main types of products in plastic caps and closures are screw caps, dispensing caps and others. Dispensing caps is a type of closure used to dispense product from container or a bottle. Different types of dispensing caps include turret or directional spout, single or dual flap, snap-top, push-pull, Yorker, spigot styles, disc-top, hinge, snip-tip, spice, shaker and twist open-close. The different materials include polypropylene, polystyrene, polyethylene and is implemented in various verticles such as pharmaceutical, personal care, food and beverages. The global plastic caps and closures market is segmented - 1) By Product Type: Screw Caps, Dispensing Caps, Other Product Types 2) By Materials: Polypropylene, Polystyrene, Polyethylene, Other Materials 3) By End-User: Pharmaceutical, Personal Care, Food And Beverages, Other End-Users The global plastic caps and closures market size grew from $47.63 billion in 2022 to $55.68 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global plastic caps and closures is expected to grow to $93.56 billion in 2027 at a CAGR of 13.9%. An increase in demand for bottled water from consumers across the globe is driving the plastic caps and closures market. The bottled water is sealed with plastic caps and closures to prevent spillage, facilitate easy transportation and extend shelf life. The demand for bottled water is increasing due to the rise in awareness of water contamination and safety concerns. For istance, as per the Bottled water statistics, in 2020 the volume of bottled water climbed by 4.2%, compared to 3.7% in 2019. This is expected to continue in the forecast period thus driving the demand for plastic caps and the closures market. Major players in the plastic caps and closures market are Berry Global Inc., Guala Closures Group, BERICAP, O.Berk Company, United Caps, Caps & Closures Pty Ltd., Pano Cap Limited, Plastic Closures Ltd., Cap & Seal Pvt. Ltd., Phoenix Closure, Hicap Closures, and MJS Packaging. Key players operating in the plastics caps and closures market are focusing on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe. For instance, in September 2020, Borealis and MENSHEN, the leading players in plastic closures and packaging solutions have partnered on a series of ten package closures based on Borcycle, a progressive recycling technology that turns polyolefin-based waste streams into value-adding adaptable products. Borcycle is developed to make a variety of recycled polyolefins (rPO)-based compounds that are excellent for use in complex rigid packaging applications. In July 2022, Manjushree Technopack Limited, an India-based rigid plastic packaging company, acquired Hitesh Plastics Private Limited for an undisclosed amount. Through this acquisition, Manjushree Technopack will bolster its position as a complete end-to-end rigid plastic packaging manufacturer, increase its manufacturing capacity up to 200,000 MT, and enhance its leadership position in the plastics business. Hitesh Plastics Private Limited is an Indian company that manufactures caps and closures for the plastics industry. Asia-Pacific was the largest region in the plastic caps and closures market in 2022. The regions covered in the plastic caps and closures market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plastic caps and closures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The plastic caps and closures market consists of sales of lug caps, dome caps, phenolic polycone caps, ribbed closures, and smooth closures. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic caps and closures market research report is one of a series of new reports from The Business Research Company that provides plastic caps and closures market statistics, including plastic caps and closures industry global market size, regional shares, competitors with a plastic caps and closures market share, detailed plastic caps and closures market segments, market trends and opportunities, and any further data you may need to thrive in the plastic caps and closures industry. This plastic caps and closures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plastic resins market consists of sales of plastic resins by entities (organizations, sole traders, and partnerships) that are used for making different varieties of plastic products. Plastic resins are the base for all kinds of plastics, they are made to go through different processes, be transformed, and make fit for specific needs. They are mostly utilized by the electrical, and automotive industries for packaging and manufacturing of various parts. The main products of plastic resin are crystalline, non-crystalline, engineering plastic, and super engineering plastic. The engineering plastics constitute a group of plastics that distinguish themselves from the so-called commodity plastics by primarily demonstrating a greatly improved mechanical behavior over a wide range of temperatures, loads, and time. The various resin types include polyethylene, polyvinyl chloride, acrylonitrile butadiene styrene, polycarbonate, polystyrene, polymethyl methacrylate, and polybutylene terephthalate that are used in applications such as packaging, automotive, construction, electrical and electronics, logistics, textiles and clothing, furniture and bedding and medical device. The global plastic resins market is segmented - 1) By Product: Crystalline, Non-Crystalline, Engineering Plastic, Super Engineering Plastic 2) By Resin Type: Polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polystyrene, Polymethyl Methacrylate, Polybutylene Terephthalate 3) By Application: Packaging, Automotive, Construction, Electrical And Electronics, Logistics, Textiles And Clothing, Furniture And Bedding, Medical Device The global plastic resins market size grew from $672.79 billion in 2022 to $707.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global plastic resins is expected to grow to $840.22 billion in 2027 at a CAGR of 4.4%. The rise in the demand for lightweight materials in the automotive and aviation industries is driving the plastic resins market. The lightweight materials have a track record of high performance, achieving the same desired effect as aluminum and steel in terms of safety and durability, while also reducing weight and carbon dioxide emissions in automobiles and airplanes. Plastic resins are a composite blend that is rotationally molded into robust and malleable items that may approximate the appearance of stone and metal materials for a fraction of the cost and weight and are used to manufacture different automotive and aviation parts such as door panels, flooring, and engine components. For instance, the lightweight materials market has its highest share in the aviation industry with 80% in 2020 and in the automotive industry, the lightweight materials share is expected to increase from 30% in 2020 to 70% by 2030. Thus, the increasing demand for lightweight materials in the automotive and aviation industries is driving the growth of the plastic resins market. Major players in the plastic resins market are BASF SE, Saudi Basic Industries Corporation, Dow Inc., Evonik Industries AG, Sumitomo Chemical Co. Ltd., Arkema S.A., Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co. LLC, Lotte Chemical Corporation, Covestro AG, Toray Industries Inc., Teijin Ltd., Exxon Mobil Corporation, and Mitsui and Co. Plastics Ltd. Recycled plastic resin are shaping the plastic resins market. Companies in the plastic resins market are focusing on developing recycled plastic resins to help their customers in manufacturing sustainable products and hence, expand their market share. For instance, in October 2020, Dow Inc., a US-based commodity chemical company, introduced its first post-consumer recycled (PCR)-rich resin for collation shrink film in North America, enabling companies to use additional post-consumer materials while still preserving application performance. This recycled plastic resin is designed specifically for retail and logistic shrink film applications, it contains shrink film with up to 40% PCR content. In April 2021, Covestro AG, a Germany-based producer of advanced polymers and high-performance plastics has acquired the resins and functional materials business (RFM) from Royal DSM for an undisclosed amount. With the acquisition, Covestro's range of sustainable coating resins has been significantly expanded making the company one of the world's top providers in this fast-growing industry. Royal DSM is a Netherland-based company that manufactures products for the health, nutrition, and materials market. Asia-Pacific was the largest region in the plastic resins market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the plastic resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The plastic resins market consists of sales of xxx. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic resins market research report is one of a series of new reports from The Business Research Company that provides plastic resins market statistics, including plastic resins industry global market size, regional shares, competitors with a plastic resins market share, detailed plastic resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic resins industry. This plastic resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.