Are you interested in testing our corporate solutions? Activities you can undertake to make a difference. India Plastics Market Overview: Indian plastics industry has established & expanded expressively since its beginning in 1957. Amongst these, polyethylene and polypropylene (PP) are the major types due to their increased demand from the end-users such as packaging and automotive. The company has established its presence worldwide by using production capacity expansion and acquisition strategies. "Plastic Spacers Market" Insights 2022 - By Applications (Commercial, Residential), By Types (TPS, Silicone, Other), By Segmentation analysis, Regions and Forecast to 2028. Market Overview: The global plating on plastics market size reached US$ 591.7 Million in 2021. Moreover, extremely low temperatures can make the plastic component brittle, rendering it susceptible to breaking, while extremely hot temperatures can cause the plastic part to melt and deform. China's overall production of plastic products amounted . Use Ask Statista Research Service. The total value of exports to the US, the largest consumer of the Indian plastic industry, stood at US$ 2,430.8 million in 2021-22, an increase of 63.6% YoY. Similarly, ExxonMobil is expanding its business globally by adopting strategies, including joint ventures and new product development. Short Description About Plastic Spacers Market: The Global Plastic Spacers market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. Rising use of point-of-care diagnostic tools, miniaturization of devices, multi-purpose drug packaging, surgical instruments, and catheters is expected to support revenue growth of the market. Register in seconds and access exclusive features. Plastics-To-Fuel Market size was valued at USD 572.7 million in 2019 and is estimated to exhibit over 2.5% CAGR from 2020 to 2026. The comprehensive report provides a two-dimensional picture of the market. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. VANCOUVER, B.C., Jan. 3, 2023 /PRNewswire/ -- The medical plastic market size reached USD 44.84 Billion in 2021 and is expected to register a CAGR of 7.5% during the forecast period, according to latest analysis by Emergen Research. Rising Demand for Plastic from Packaging Industry to Drive the Market. Plastic Spacers market is segmented by Type and by Application. We use cookies to enhance your experience. The global COVID-19 pandemic has been unprecedented and staggering, with plastic experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. These benefits make it suitable for usage in clothes, mats, and other products. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. An Executive Summary of the 2022 Size & Impact is also available for download at no charge. facts. The market size of the plastic and resin manufacturing industry in the United States has decreased since 2012, but has typically been higher than 90 billion U.S. dollars over the past. Moreover, the rigid nature of polymers makes them suitable for packaging automotive and electrical spare parts. Furthermore, Latin America is projected to grow due to rising urbanization and the growing number of companies specializing in industrial packaging solutions. For the purposes of addressing the waste management problem, the production of bioplastics and biodegradable plastics from renewable resources is increasing. Most of the major companies in the market have a global presence. Moreover, they are easy to mold and offer flexibility to produce packaging in any shape and size. Prosthetics, for example, can be customized owing to injection molding as well as being lightweight and resilient, making the patient's life a bit easier. Directly accessible data for 170 industries from 50 countries Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. China is the second largest consumer of plastic export products from India and the total value of exports stood at US$ 883.5 million. ", Grand View Research, Market size value of plastics worldwide from 2021 to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1060583/global-market-value-of-plastic/ (last visited January 03, 2023), Market size value of plastics worldwide from 2021 to 2030, Available to download in PNG, PDF, XLS format, Plastic production growth worldwide vs population growth worldwide 2013-2020, Global plastic market size value 2021-2030, Plastic production forecast worldwide 2025-2050, Global production volume of thermoplastics by type 2020-2050, Global production capacity of polyethylene terephthalate 2014-2024, China: production of plastic products by month 2020-2022, Plastic production in the U.S. 2021, by resin, Global polyethylene demand and capacity 2015-2022, Global demand for polyethylene terephthalate 2010-2030, Global PET packaging consumption shares 2019, by end-use sector, Plastic demand distribution in the EU-27+3 2021, by segment, Global price of polyethylene terephthalate 2017-2022, Global price of polyvinyl chloride 2017-2022, Saudi Basic Industries' petrochemical production 2019-2020, by type, ExxonMobil's chemical product production 20018-2020, by type, LyondellBasell's revenue 2019-2021, by key product, Dow Chemical Packaging & Specialty Plastics segment revenue 2017-2021, Sinopec's chemicals production 2018-2021, by type, Global polypropylene market value 2015-2029, Global market value of polyethylene 2015-2029, Expanded polystyrene global market value 2020-2028, Global rigid plastic packaging market size forecast 2021-2030, Global market value of sustainable plastic packaging 2021-2026, Distribution of global consumption of plastic additives by application 2014, Density of plastic materials in relation to buoyancy in seawater, Average content of engineering resins per light vehicle in North America 2004-2014, Selected plastic/composite resin content in light vehicles in North America 2004-2014, Global market value of thermoforming plastics 2019 & 2024, Global market value of plastic compounding 2018 & 2026, Global share of plastic consumption by class 2018, Distribution of plastic resin sales and captive use in the U.S. 2021, by material, Value of global plastic resin shipments 2005-2019, Global distribution of plastic consumption 2019, by application, Global automotive plastics market value 2019 & 2027, Plastic consumption share worldwide by end use 2015, Global plastic consumption volume by application 2017, Industry revenue of unlaminated plastic profile shape manufacturing in the U.S. 2012-2024, Leading plastic tube and fitting companies India 2020 based on net profit, Industry revenue of unlaminated plastic profile shape manufacturing in Georgia 2012-2024. Report Overview. PLASTICS' Chief Economist, Perc Pineda, will shares his exclusive new data on U.S. plastics manufacturing, plastics industry employment in the U.S., and an expert economic forecast. Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/1134. Environmental degradation caused by improper medical waste management is expected to limit the growth of the market. etc. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this industry. Recycled Plastic are scrap or waste plastic materials that are . The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Concerns over plastic pollution and development of recyclable technologies have increased the adoption of recycled plastics in the region. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Plastic Spacers Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2021, at unexpected CAGR during the forecast Period 2022-2028. Besides, the ability of polymers to defend against physical stress and offer high durability is increasing their usage in sports, fashion, polymer clay, and toy-making. Is there a problem with this press release? Looking forward, IMARC Group expects the market to reach US$ 941.1 Million by 2027, exhibiting a growth rate (CAGR) of 8.1% during 2022-2027. Moreover, it helps new businesses perform a positive assessment of their business plans because it covers a range of topics market participants must be aware of to remain competitive. If you are an admin, please authenticate by logging in again. The global plastics bags & sacks market is segmented on the basis of material, product type application, and region. You need a Statista Account for unlimited access. The market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, applications, and types. In terms of end-use industry, the market is segmented into automotive & transportation, packaging, consumer goods/lifestyle, infrastructure & construction, healthcare & pharmaceutical, electrical & electronics, textile, and others. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Increasing demand for at-home healthcare and outpatient procedures owing to convenience especially for rising elderly population and reduced healthcare costs in addition to growing requirement for bioplastics are a few of the factors driving the market revenue growth. Global plastics industry Global rubber industry Synthetic rubber market size. and over 1Mio. For example, the UN Environment Program (UNEP) started a Clean Seas campaign in 2017 in over 50 countries that urge governments to impose plastic reduction policies, encourage industries to minimize polymer-made packaging, and reform their products. The ability of plastic to act as a barrier between food products and the external environment is fueling the demand. Thus, the increasing application across food & beverage, textile, electrical & electronics, automotive, and consumer goods industries is augmenting the plastics industry growth. Several manufacturers use polymers for packaging their products as they are durable and act as a barrier between moisture and the product. These polymers are easily moldable, highly durable, and flexible, which make them the most preferred material for manufacturing numerous products such as iceboxes, containers, housewares, toys, and packaging material. One of the most ecologically friendly solutions for medical equipment is plastic, which is recyclable. For more information or to change your settings,click here. Access to this and all other statistics on 80,000 topics from, Show sources information Increasing plastic consumption in the production of lightweight components, which are used in various industries including building & construction, automotive, and electrical & electronics, is expected to propel the growth . The primary objective of using polymers in automobiles is to reduce the weight of the vehicles that . The global thermoformed plastics market size was USD 40.59 billion in 2019 and is projected to reach USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. (May 31, 2022). The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.5% to attain nearly USD 713 billion by 2026. As for the Europe Plastic Spacers landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period. 360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. Growing concerns for environmental sustainability are increasing demand for bioplastics which is driving the growth of the medical plastic market. For instance, in May 2021, the company announced producing virgin quality polymers from raw materials derived from plastic trash at its plant in Wesseling, Germany. Polyurethane, in the form of foam, observed high demand in the furniture and automotive industries. Medical-grade plastics make it simpler for healthcare professionals to fulfill their demanding medical applications and uphold environmental responsibility. Regulations over product usage are likely to affect market growth rate. Please do not hesitate to contact me. May 31, 2022. The rising adoption of polymers in the automotive industry to increase the efficiency of vehicles and the life of vehicle components is responsible for the growth in the market. Supply Chain Uncertainties Caused by COVID-19 Hindered Market Growth. The global plastic market size was valued at USD 439.28 billion in 2021. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global plastic market is projected to grow from $457.73 billion in 2022 to $643.37 billion by 2029, at a CAGR of 5.0% in forecast period 2022-2029, 2020 Fortune Business Insights . Stringent Regulations for Plastic Usage to Affect Growth. It is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. The 2022 Size & Impact Report is now available. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. In comparison to normal plastics, high-performance plastics provide several benefits, including good malleability, quicker production times, low weight, resistance to high impact, flame, shock, and chemicals, as well as greater friction reduction. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. The increasing use of polymers in the healthcare sector can be credited to their property of guarding against contaminants by acting as a barrier. Biodegradable plastic includes PLA, PHA, PBS, starch blend, and others. The global plastic market attained a value of nearly USD 580 billion in 2020. Representative Erik Paulsen (R-MN-3) visited PLASTICS member Steinwall Inc., a custom thermoplastic injection molder, in Coon Rapids, Minnesota. Global plastic market size value 2021-2030 Show all statistics (5) Companies Polyolefins production capacity share in India FY 2022, by company Leading plastic product companies in India in. According to WHO, the proportion of the global population over 60 years is expected to double from 12% to 22% between 2015 and 2050. The global plastic packaging market is expected to register a CAGR of 3.56% over the forecast period. Chart. Increasing Demand for Engineering Plastics to Favor Growth. The revenue from the food and beverages industry was estimated at USD 21 billion in 2021. . Statista. The rigid segment dominated the market for plastic packaging and accounted for the largest revenue share of 61.2% in 2021 owing to its sturdiness and high aesthetic appeal. Also, the report offers insights into plastic market trends, and dynamics, and highlights vital industry developments. Additionally, rising demand from the consumer goods industry for manufacturing toys, textiles, and sports goods is expected to drive the market in the region. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2022 to 2028, the reader can identify the footprints of manufacturers in the Plastic Spacers industry. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-20, Get a Sample Copy of the Plastic Spacers Report 2022. An Infographic Representation of Plastics Market, To get information on various segments, share your queries with us. Players, stakeholders, and other participants in the global Plastic Spacers market will be able to gain the upper hand as they use the report as a powerful resource. Engineering plastics being more robust and durable than regular ones have increased the product demand. As a Premium user you get access to the detailed source references and background information about this statistic. According to World Health Organization (WHO), in the Philippines, infectious waste levels raised by 25% in addition to the 70 tons of garbage produced by 51 hospitals, which is relatively 12% more than the pre-pandemic state. *Forecast based on a 3.7 percent CAGR from 2022 to 2030. Evaluation and forecast the global plastic recycling market size in value and volumetric terms, and corresponding market share analysis by resin type, collecting location, source of waste, end-use, and geographic . Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. The global biodegradable plastic market was valued at $1.6 billion in 2019 is expected to reach $4.2 billion by 2027, growing at a CAGR of 13.3% from 2020 to 2027. India Plastics Market was worth US$ 36.07 Bn in 2020 and total revenue is expected to grow at a rate of 6.6% CAGR from 2021 to 2027, reaching almost US $ 56.42 Bn in 2027. Emergen Research has segmented medical plastic market on the basis of product, application, and region: Product Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030), Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030), Regional Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019 - 2030). The plastics market is projected to grow in the coming years to reach a value of more than 810 billion U.S.. The MarketWatch News Department was not involved in the creation of this content. Projected market size of rigid plastic packaging worldwide from 2021 to 2030 (in billion U.S . Polystyrene has exhibited high demand from the electronics and packaging industries owing to its insulating and cushioning properties. Together, we'll shape the future of our industry with PLASTICS Connects, the new mobile app from the preeminent organization representing the entire plastics supply chain. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI102176. Acrylonitrile Butadiene Styrene (ABS) is a rigid and sturdy polymer that provides resistance to chemicals. Demand for medical plastic is rising as standards and laws demanding high-grade polymers used in medical applications improve. Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/medical-plastic-market. Spring National Meeting & Conference, and PLASTICS Industry Fly-In. The global automotive plastics market size was USD 40.91 billion in 2019 and is projected to reach USD 53.85 billion by 2027, exhibiting a CAGR of 5.3% during the forecast period. Fortune Business Insights says that the global market size was USD 439.28 billion in 2021 and is projected to reach USD 643.37 billion by 2029. You can only download this statistic as a Premium user. Profit from the additional features of your individual account. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. https://www.360researchreports.com/enquiry/request-sample/20134518, https://www.360researchreports.com/enquiry/pre-order-enquiry/20134518, https://www.360researchreports.com/purchase/20134518, Plastic Spacers Market Size, Share 2023 : Industry Growing Rapidly with Recent Trends, Development, Revenue by 2028, Tesla stock wipes out three day bounce, falls to lowest price in more than 2 years, McCarthy on track to lose in third round of voting as he tries to become House speaker, Kevin McCarthy House speaker vote: Here are the 19 Republicans who defected, This 28-year-old grew her pay to $500,000 and found work-life balance. Plastic Formwork for Construction Market 2023 Global Industry Research report presents an in-depth analysis of the Plastic Formwork for Construction market size, growth, share,. This is further minimizing the hurdles involved in plastic production. Remarkable job and great efforts by your research team. Market segments. Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Plastic Spacers Market Size, Share 2023 : Industry Growing Rapidly with Recent Trends, Development, Revenue by 2028, COMTEX_421820237/2598/2023-01-03T08:04:03. Members may download the free of charge, as a benefit of PLASTICS membership. In India, medical waste surged by 17% during the first wave of the pandemic. Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/1134. Besides, factors such as a high barrier to light, moisture, and oxygen provided by rigid packaging also contributed to the higher share of the segment in 2021. In the wake of the COVID-19 pandemic, the plastic demand from the automotive and building & construction industries has declined substantially. The global plastic waste management market size to be valued at USD 42.2 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 3.1% during the forecast period. By continuing to visit this site you agree to our use of cookies . Such trends in the food industry are likely to drive the market for plastic injection molding in the country. Stringent government regulations and other policies have come into the picture in response to the growing concerns over the damage caused by polymers to the environment. While Commercial segment is altered to an % CAGR throughout this forecast period. The shift toward non-polymer products and conventions over plastic use together acts as a restraining factor toward market growth. The Global Plastic Spacers market Report provides In-depth analysis on the market status of the Plastic Spacers Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe., the Plastic Spacers Market Report contains Full TOC, Tables and Figures, and Chart with Key Analysis, Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Regions. Based on our analysis, the global market exhibited a decline of 2.5% in 2020 as compared to 2019. To know how our report can help streamline your business, Speak to Analyst, Packaging Segment to Generate the Highest Revenue Owing to the Growing Food & Beverage Industry. The construction industry uses PVC products such as doors, windows, and frames due to their longer life cycle, enhanced looks, and easy material availability. To use individual functions (e.g., mark statistics as favourites, set Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. The acquisition is expected to help provide cutting-edge medical device manufacturing solutions along with catheter manufacturing. Major companies included in the market report are SABIC, Saint-Gobain Performance Plastics, Celanese Corporation, Evonik, BASF SE, Rchling SE & Co. KG, Orthoplastics Ltd, Solvay, Nolato AB and Eastman Chemical Company. Moreover, the rising demand for metal substitution increasingly leads to broader usage of engineering polymers in various industries. Additionally, properties including excellent heat resistance, electric insulation, corrosion inhibition, and low density support the adoption of polymers in Europe. The report analyzes the global plastic industry on the basis of product, application, and geography. Check out our newsroom for the latest on trade, OSHA, TSCA and more. Due to the COVID-19 pandemic, the global Plastic Spacers market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. 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