Plastic Market Segmentation:
End-user Segment Analysis
The packaging segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing use of plastic in the packaging sector, along with the dynamic growth of the food and beverage industries, where plastic packaging has been highly utilized to pack edible items and beverages. For instance, the global food and beverage industry is predicted to generate revenue of around USD 990 billion by 2025. In addition to this, the rise in the e-commerce sector, and a notable utilization of plastic in frozen food, and seafood packaging is also a significant factor that is projected to propel the growth of the market over the forecast period.
Application Segment Analysis
The injection molding segment in the plastic market is expected to garner a significant share. The injection molding method is widely used to produce custom plastic parts, and it is frequently used to make parts for vehicles, medical devices, and mechanical instruments. Owing to the increase in demand for these items throughout the world, it is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By End-Use |
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