The global plastics and rubber products market is expected to grow from $1259.7 billion in 2020 to $1352.6 billion in 2021 at a compound annual growth rate (CAGR) of 7.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $1700.8 billion in 2025 at a CAGR of 6%.
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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.The plastics and rubber products market is segmented into rubber products and plastic products.
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The plastics and rubber products market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the plastics and rubber products market are Bridgestone Corporation; Michelin Inc; Good Year Tire & Rubber Company; Continental Tire the Americas; S C Johnson & Son Inc.
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, Others
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The plastics and rubber products market report describes and explains the global plastics and rubber products market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The plastics and rubber products report evaluates the market across each region and for the major economies within each region.
The countries covered in the global plastics and rubber products market 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 regions covered in the global plastics and rubber products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Plastics And Rubber Products Market Characteristics
- Plastics And Rubber Products Market Product Analysis
- Plastics And Rubber Products Market Supply Chain
- Key Mergers And Acquisitions In The Plastics And Rubber Products Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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