Plastics And Rubber Products Market Growth, Demand, Key Drivers, Forecast To 2032

The Plastics And Rubber Products Global Market Report 2023 by The Business Research Company, provides plastics and rubber products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.

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According to The Business Research Company’s Plastics And Rubber Products Global Market Report 2023, the 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plastics and rubber products is expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7%.

New Developments In Packaging – The plastics 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 that will drive the demand for plastic materials.

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The plastics and rubber products market is segmented:

1) By Type: Rubber Products, Plastic Products

2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users

Top Major Players:
The Michelin Group
Bridgestone Corporation
Continental AG
Amcor Limited
Good Year Tire & Rubber Company

Asia-Pacific was the largest region in the plastics and rubber products market in 2022.

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

Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, and better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines are employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd.

The plastics and rubber products market report table of contents includes:

1. Executive Summary
2. Report Structure
3. Plastics And Rubber Products Market Characteristics
4. Plastics And Rubber Products Market Product Analysis
5. Plastics And Rubber Products Market Supply Chain
…………………………………………………………….
21. Plastics And Rubber Products Market Competitive Landscape
22. Key Mergers And Acquisitions In The Plastics And Rubber Products Market
23. Market Background: Paper, Plastics, Rubber, Wood And Textile Manufacturing Market
24. Recommendations
25. Appendix

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