The global top 10 plastics market is projected to reach USD 586.24 Billion by 2021, at a CAGR of 6.84%. By volume, the market is projected to reach 332.4 Million tons by 2021, at a CAGR of 4.68%.
Packaging is currently the largest application segment of the top 10 plastics market. Plastics provide a much cleaner, tougher, and aesthetically appealing form of packaging, especially for the food & beverage industry and the electronics industry. This is anticipated to fuel its demand in the packaging application segment. The extensive use of plastics in bags, pouches, and sachets as well as in conventional packaging methods is also expected to drive the growth of the packaging segment. Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91494156 Key Target Audience:
The Asia-Pacific region led the global top 10 plastics market, in terms of both value and volume, in 2015. The growing construction sector, increasing R&D activities initiated by major players, easy availability of raw materials, and urbanization are among the key growth drivers for the top 10 plastics market in this region. The Dow Chemical Company (U.S.), ExxonMobil Chemical Company, Inc. (U.S.), and SABIC (Saudi Arabia) have led the global top 10 plastics market in the last five years. Diverse product portfolios, strategically positioned R&D centers, adoption of various development strategies, and technological advancements are some of the factors that helped strengthen the market position of these companies in the global top 10 plastics market. To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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