Increased Demand For Industrial Packaging To Drive The Global Plastic Materials

Posted by sainath on October 1st, 2018

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. 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.

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The global plastic materials and resins market has shown moderate growth in the past years with a CAGR of just around 3%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the plastic materials and resins market to grow at almost double CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

Sample report:

The demand for industrial packaging products has increased recently. As the size of the middle-class grew in these countries, consumption of processed foods, poultry, meat and agricultural products increased. According to the World Bank, China’s Gross Domestic Product (GDP) per capita increased from USD 7500 in 2014 to USD 8000 in 2015. Increased per-capita income in these economies resulted in the emerging middle-class purchasing more packaged goods and services. The demand for packaged goods increased the consumption of plastic and paper for their packaging.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are LyondellBasell, Dow Chemical, BASF SE, Bayer Material Science, and Formosa Plastics Group.

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