A Surge to $1899.33 Billion by 2027

Share This Post

Plastics And Rubber Products Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Plastics And Rubber Products Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The global plastics and rubber products market size will grow from $1365.01 billion in 2022 to $1466.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. ”

— The Business Research Company

LANDON, GREATER LANDON, UK, December 22, 2023 /EINPresswire.com/ — The global plastics and rubber products market is poised for significant expansion, escalating from $1365.01 billion in 2022 to an anticipated $1466.92 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 7.5%. The trajectory continues upward, with the market forecasted to reach $1899.33 billion by 2027, driven by a sustained CAGR of 6.7%.

Driving Forces:

New Developments in Packaging:
The plastics and rubber products sector experiences profound impacts from the packaging industry’s evolution. Notable developments in packaging, such as the introduction of resealable packs, user-friendly stand-up pouches, and compact pack sizes for single-servings, are influencing the demand for plastic materials. The incorporation of convenience features and the expansion of promotional packs contribute to increased plastics and rubber consumption, propelling market growth.

Explore the Global Plastics And Rubber Products Market with a Detailed Sample Report:

Key Players:
Major contributors to the plastics and rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Amcor Limited, Good Year Tire & Rubber Company, Sumitomo Rubber Group, Berry Global Group Inc., The Hankook Tire group, Pirelli & C SpA, and Avery Dennison.

Technological Advancements:

Automation Technologies Transforming Manufacturing:
Manufacturers in the plastic and rubber products industry are adopting automation technologies to optimize production processes. Investments in sensors and wireless technology enable data-driven improvements, leading to cost reductions, enhanced productivity, and superior product quality. Notably, industrial robot manufacturers like ABB report productivity gains of 15-30% after the implementation of robotic automation systems. The plastic manufacturing sector alone witnessed an increase of 67,000 machines, reaching a total of 180,000 machines in 2021. Key players providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd.

Regional Dynamics:
As of 2022, Asia-Pacific emerges as the largest region in the plastics and rubber products market, with North America securing the second-largest market share. The comprehensive coverage spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Market Segmentation:
1) By Type: Rubber Products, Plastic Products
2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users

Subsegments Covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product

Access the Complete Report for In-Depth Analysis:

Plastics And Rubber Products Global Market Report 2023 from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Plastics And Rubber Products Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on plastics and rubber products market size, plastics and rubber products market drivers and trends, plastics and rubber products market major players, competitors’ revenues, plastics and rubber products market positioning, and plastics and rubber products market growth across geographies. The plastics and rubber products market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:

Plastic Products Global Market Report 2023

Consumer Products – Paper, Plastics, Rubber, Wood And Textile Global Market Report 2023

Paper, Plastics, Rubber, Wood And Textile Global Market Report 2023

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
Visit us on social media:

Fuel Cell Electric Vehicle Market Insights, Growth Drivers, and Green Innovations!

Article originally published on www.einpresswire.com as A Surge to $1899.33 Billion by 2027

Related Posts

Kids Get in Free: High School Baseball National Championship Series, Presented by Stinger Sports, Set for June 27-30 at Charles Schwab Field, Omaha, NE

The best-of-the-best high school baseball players from across the country are coming to Omaha. See the stars of tomorrow battle it out on the biggest stage. ...

FTC Data Shows Major Increases in Cash Payments to Government Impersonation Scammers

New Federal Trade Commission data reveals that government impersonation...

Introducing $UTHX, the Preeminent Metaverse Token on the Solana Blockchain

Utherverse (Utherverse.io) announces the August 2024 launch of $UTHX Utherverse Utherverse LOS ANGELES, June 14, ...

SWTHZ (SweatHouz) Appoints Dr. Susanna Søberg, PhD as Lead Science and Education Advisor

ATLANTA, June 13, 2024 (Newswire.com) - SWTHZ, the leader in boutique wellness and contrast therapy, is excited to announce the appointment of Dr. Susanna Søb...

Two Leading Student Transportation Technology Groups Announce Integration to Serve Joint Customers

Bytecurve and BusPlanner integration delivers opportunity for improved performance for hundreds of school bus fleets ...
green agriculture project
- Part of VUGA Media group -best seo company