The plastics and rubber products industry comprise establishments that manufacture goods by processing plastic and rubber raw materials. Plastics and rubber products are included in the same industry as they have similar technical properties, however they are categorized based on the sole use of either rubber or plastic as raw material in the production of the product.
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The global plastics and rubber products market has shown high growth in the past years with a CAGR of about 4.5%. 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 plastics and rubber products market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Asia Pacific was the largest region in the plastics and rubber products manufacturing market in 2017, accounting for about 45.76% market share. This can be attributed to high demand for plastic products from the food and beverages and the retail industry in countries such as China and India, and tire from the automobile industry.
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 Bridgestone Corporation, Michelin Inc, Good Year Tire & Rubber Company, Continental Tire and S C Johnson & Son Inc.
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