Global rigid plastics market forecast to reach value of US$272.9B by 2016, supported primarily by caps and closures, pails, resins made from PET, PVC, according to report; PE, PP account for 46% of market
February 8, 2013
– Research and Markets has announced the addition of the "Rigid Plastics - A Global Market Watch, 2011 - 2016" report to its offerings.
In a release, Research and Markets noted that report highlights include:
The rigid plastics market is expected to reach US$272.9 billion worth by 2016 primarily supported by the segments: types - caps & closures and pails and resins - Polyethylene Tetraphthalate (PET) and Poly Vinyl Chloride (PVC). Globally, Polyethylene (PE) and Polypropylene (PP) together account for approximately 46 percent of the market are expected to support the plastics industry going forward. Geographical analysis shows that the highest Compounded Annual Growth Rate (CAGR) of 9 percent is anticipated from Asia-Pacific region during the analysis period 2011-2016. The Americas follows Asia-Pacific with a CAGR of 8.4 percent while Europe forecasts to drive with a growth rate of 4.9 percent. Along with the market value analytics, volume based data also suggests positive prospects for the industry going forward. On a volume scale, highest growth rate is expected from Europe during the analysis period.
The Rigid Plastics - A Global Market Watch, 2011 - 2016' reviews the latest trends in plastics industry with a perceptive to identify the near-future growth prospects. An in-depth analysis across the geographic regions provides strategic business intelligence for the industry investments. The study offers profitable investment strategies for R&D organizations, plastic manufacturing units, distributors, Contract Research Organizations (CROs) and many more in preferred locations.
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