NEW YORK, Nov. 22, 2021 /PRNewswire/ -- The "Plastic Market by End-user and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The plastic market is estimated to grow by USD 19.68 billion between 2020 and 2025, at a CAGR of almost 6% during the forecast period.
Market Dynamics
The market is driven by factors such as the increasing demand for packaging material and increasing capacity expansions. However, stringent regulations over the usage of plastics are hindering market growth.
The increasing demand for replacements of metals and fiberglass will provide significant opportunities for market players. On the other hand, the high market competition is creating huge challenges in the industry.
Company Profiles
The plastic market report includes information on the product launches, sustainability, and prospects of leading vendors including Arkema SA, BASF SE, Celanese Corp., Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Formosa Plastics Corp., and Sumitomo Chemical Co. Ltd.
Competitive Analysis
The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
By end-user, the packaging segment generated maximum revenue in the market in 2020. The market growth in the segment is expected to be significant during the forecast period. In terms of geography, APAC will offer several growth opportunities for market players. The region currently holds 47% of the global market share. China and India are the key markets for plastic in APAC.
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Recycled Plastic Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025
Plastic Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 6% |
Market growth 2021-2025 |
USD 19.68 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.73 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 47% |
Key consumer countries |
China, India, Germany, US, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Arkema SA, BASF SE, Celanese Corp., Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Formosa Plastics Corp., and Sumitomo Chemical Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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SOURCE Technavio
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