The latest report published by Report Ocean, titled “Plastics Market” Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
What is Plastics Market growth?
Plastics are derived from natural, organic materials such as cellulose, coal, natural gas, salt and, of course, crude oil. Plastic has the capability of being molded or shaped, usually by the application of heat and pressure. This property of plasticity, often found in combination with other special properties such as low density, low electrical conductivity, transparency, and toughness, allows plastics to be made into a great variety of products. According to the global plastics market is projected to reach USD 697,231 million, recording a CAGR of approximately 3.6 percent from 2022 to 2028.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global plastics market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the plastics industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, molding, end user, and region. The global market for plastics can be segmented by product: polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), Polystyrene (PS), engineering plastics, high-performance plastics (HPPs), polyvinyl chloride (PVC), polyurethanes (PU), others. Plastics market is further segmented by molding: injection molding, blow molding, extrusion molding, compression molding, others. Based on end user, the plastics market is segmented into: automotive & transportation, building and construction, consumer goods and household, electrical and electronics, medical, packaging, others. On the basis of region, the plastics market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By product:
polyethylene (PE)
polypropylene (PP)
polyethylene terephthalate (PET)
Polystyrene (PS)
engineering plastics
high-performance plastics (HPPs)
polyvinyl chloride (PVC)
polyurethanes (PU)
others
By molding:
injection molding
blow molding
extrusion molding
compression molding
others
By end user:
automotive & transportation
building and construction
consumer goods and household
electrical and electronics
medical
packaging
others
By region:
Asia Pacific
Europe
North America
Rest of the World (RoW)
The global plastics market report offers detailed information on several market vendors, including APK AG, BASF SE, Benvic SAS, Borealis AG, Braskem SA, Covestro AG, DAK Americas LLC, Dow Chemical Company, DuPont de Nemours, Inc., Huntsman Corporation, Indorama Ventures Public Company Limited (IVL), Ineos Group Ltd., Koninklijke DSM N.V., LyondellBasell Industries N.V., Origin Materials, Inc., Saudi Basic Industries Corporation (SABIC), Shin-Etsu Chemical Co., Ltd., Solvay S.A., Toray Industries, Inc., TotalEnergies SE, Trinseo PLC, Victrex plc, among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
To analyze and forecast the market size of the global plastics market.
To classify and forecast the global plastics market based on product, molding, end user, region.
To identify drivers and challenges for the global plastics market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global plastics market.
To identify and analyze the profile of leading players operating in the global plastics market.
Why Choose This Report
Gain a reliable outlook of the global plastics market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
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Some of the metrics this research service discusses are:
Market Size:
- This metric quantifies the total value or volume of a market, providing an understanding of the market’s scale and potential.
Market Growth Rate:
- This metric measures the rate at which the market is growing over a specific period.
- It helps assess the market’s attractiveness and potential for investment.
Market Share:
- Market share metrics indicate the portion or percentage of the market captured by a specific company or product.
- It provides insights into the competitive position of market players.
Customer Satisfaction:
- Customer satisfaction metrics assess the level of satisfaction or dissatisfaction among customers with a product, service, or brand.
- It helps gauge customer loyalty and identify areas for improvement.
Pricing Analysis:
- Pricing metrics analyze the pricing strategies used in the market.
- This includes metrics such as average prices, price differentials between products or competitors, and price elasticity.
Market Segmentation:
- Segmentation metrics involve dividing the market into distinct segments based on factors such as demographics, geography, behavior, or psychographics.
- This helps understand the varying needs and preferences of different customer groups.
Customer Acquisition Cost (CAC):
- CAC is a metric that calculates the cost of acquiring a new customer. It helps evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV):
- CLV measures the total value a customer generates over their entire relationship with a company. It helps assess the long-term profitability of customer relationships.
Return on Investment (ROI):
- ROI metrics evaluate the profitability and effectiveness of an investment or marketing campaign.
- It measures the return or gain generated relative to the cost of investment.
Competitive Analysis:
- Competitive analysis metrics assess the performance and strategies of competitors in the market.
- This includes metrics such as market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs):
- KPIs are specific metrics that measure the performance of a business or organization.
- They can include metrics such as sales growth, market penetration, customer retention rate, and profitability.
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