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Report forecasts solid growth for global plastics industry, predicts defining trends - Canadian Plastics

Report forecasts solid growth for global plastics industry, predicts defining trends With sustainability spurring innovation, the market is estimated to reach $558.71 billion in 2021, up from $533.04 billion in 2020, with a CAGR of 4.8%. May 20, 2021   Canadian Plastics Despite the impact of COVID-19 in 2020, the global plastics industry is expected to rebound in 2021 due to the resumption of activities in its major end markets in line with progressive containment of the pandemic, a new report forecasts. In its report, “Industry Convergence to Transform the Global Plastics and Composites Market, Outlook 2021,” business consultancy group Frost & Sullivan predicts that global revenue will rise to an estimated US$558.71 billion this year, up from US$533.04 billion in 2020, a CAGR of 4.8%. Moreover, the ongoing focus on the circular economy is likely to stimulate new regulations and product development in the plastics and composites sector.

Global Plastics Industry Report 2020 - Innovative Digital Business Models are Facilitating an Enhanced Customer Experience, thereby Creating New Growth Opportunities for Industry Participants

Share this article Share this article ResearchAndMarkets.com s offering. This study tracks digital developments in the global plastics industry and seeks to identify future opportunities for further use of digital technology. Findings are presented as domains of digitalisation (the domains of digitalisation indicated in this study are slightly different from those in other digital transformation studies due to complexities in representing the digital plant domain). These domains are summarised as follows: Digital Innovation investigates the use of digital technology in research and development and new product innovation. Digital Supply Chain tracks the use of digital technology in supply chain integration to provide clarity and visibility across functions through the seamless transition of data.

Global Plastics and Composites Market Outlook Report 2021: Distribution Channel Optimisation Driven by Reshoring and Digitally Enabled Business Models

Global Plastics and Composites Market Outlook Report 2021: Distribution Channel Optimisation Driven by Reshoring and Digitally Enabled Business Models
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Global Plastics and Composites Market Outlook Report 2021: Distribution Channel Optimisation Driven by Reshoring and Digitally Enabled Business Models

Global Plastics and Composites Market Outlook Report 2021: Distribution Channel Optimisation Driven by Reshoring and Digitally Enabled Business Models
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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