Bernice J. Hicks Dublin, May 28, 2021 (GLOBE NEWSWIRE) – The report “Plastics and Rubber Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030” has been added to ResearchAndMarkets.com offer.
Leading companies in the plastic and rubber products market include Bridgestone Corporation; Michelin Inc; Happy New Year Tire & Rubber Company; Continental Tire the Americas and SC Johnson & Son Inc.
The global plastic and rubber products market is expected to grow from $ 1259.07 billion in 2020 to $ 1352. 96 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges.
The market is expected to reach $ 1,700.68 billion in 2025 at a CAGR of 6%.
Asia-Pacific was the largest region in the global plastic and rubber products market, accounting for 40% of the market in 2020. North America was the second largest region, accounting for 27% of the global plastic products market and rubber. Africa was the smallest region in the world market for plastic and rubber products.
Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity, and improve product quality. The use of sensors and wireless technologies facilitates the collection of valuable data which is used to improve efficiency and reduce errors. This translates into streamlined manufacturing processes, better product quality at lower costs.
According to ABB, an industrial robot manufacturer, some of their customers have reported a 15-30% increase in productivity after installing robotic automation systems. Around 180,000 machines are expected to be used in the plastics manufacturing industry by 2020, an increase of 67,000 machines in 4 years. The main companies providing industrial robotics are FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG and Kawasaki Heavy Industries, Ltd.
New Developments in Packaging – The plastic and rubber products manufacturing industry is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry which will drive the demand for plastics.
Convenient features, such as reclosable packaging, easy-to-open upright pouches, and smaller packaging for single servings, are being introduced and more promotional packaging and branded extensions are being developed to build customer loyalty. These developments in packaging will increase the consumption of plastics and rubber and boost the market.
Main topics covered:
1. Summary
2. Structure of the report
3. Market characteristics of plastic and rubber products
3.1. Market definition
3.2. Key segmentation
4. Product analysis of the plastic and rubber products market
4.1. Leading products / services
4.2. Main characteristics and differentiators
4.3. Development products
5. Plastic and rubber products market supply chain
5.1. Supply Chain
5.2. Distribution
5.3. End customers
6. Customer information on the plastic and rubber products market
6.1. Customer Preferences
6.2. End-use market size and growth
7. Plastic and Rubber Products Market Trends and Strategies
8. Impact of COVID-19 on plastic and rubber products
9. Market size and growth for plastic and rubber products
9.1. Market size
9.2. Historical market growth, value (in billions of dollars)
9.2.1. Market drivers
9.2.2. Market constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market drivers
9.3.2. Market constraints
10. Regional Analysis of Plastic and Rubber Products Market
10.1. Global Plastic and Rubber Products Market, 2020, by Region, Value (USD Billion)
10.2. Global plastic and rubber products market, 2015-2020, 2020-2025F, 2030F, historical and forecast, by region
10.3. Global Plastic and Rubber Products Market, Growth and Market Share Comparison, by Region
11. Market segmentation of plastic and rubber products
11.1. Global Plastic and Rubber Products Market, Segmentation by Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
- Rubber products
- Plastic products
11.2. Global Plastic and Rubber Products Market, End User Industry Segmentation, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
- Automotive and Transportation
- Electricity and electronics
- Medical
- Construction
- Others
12. Market segments of plastic and rubber products
12.1. Global Rubber Products Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Tires; Hoses and belts; Other rubber product
12.2. Global Plastic Products Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Plastic packaging materials and non-laminated films and sheets; plastic pipes and shapes; Laminated plastic plate, sheet and form; Plastic bottle; Urethane and other foam products; Polystyrene foam products; Other plastic product
13. Plastic and Rubber Products Market Indicators
13.1. Plastic and Rubber Products Market Size, Percent of GDP, 2015-2025, Global
13.2. Average plastic and rubber products market expenditure per capita, 2015-2025, global
Companies mentioned
- Bridgestone Company
- Michelin Inc
- Happy New Year Tire & Rubber Company
- Continental Tire the Americas
- SC Johnson & Sons Inc.
For more information on this report visit https://www.researchandmarkets.com/r/2w0557
