Plastics product companies manufacture packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications. These companies use polymers and resins as raw materials which are primarily sourced from polymer suppliers and processes used in plastic products manufacturing include compression molding, extrusion molding, injection molding, blow molding and casting.
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The global plastics product market has shown moderate growth in the past years with a CAGR of just over 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 product market to grow at a much higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Plastics packaging materials and unlaminated film and sheet manufacturing segment was the largest segment in the plastic product manufacturing market with around 20% share of the market. This was due to high demand for plastic packaging from industries such as food & beverages, personal care products, household products, and industrial goods.
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 Newell Brands Inc, Compagnie de Saint-Gobain S.A, Sonoco Products Co, Sealed Air Corporation, and Berry Plastics Corporation.
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