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Extruded Plastics Market size Register a Growth size 2026-end
BriefingWire.com, 4/12/2021 - According to Stratistics MRC, the Global Extruded Plastics Market is accounted for $194.15 billion in 2017 and is expected to reach $325.23 million by 2026 growing at a CAGR of 5.9% during the forecast period. Growth in end-use industries, increase in usage of plastics in agriculture are some of the factors fuelling the market growth. However, the production, use and disposal of extruded plastics, particularly PVC, Increasing government regulations and norms regarding use and disposal of plastics, in interest of protecting environment are restricting the market growth.
Plastics are the most widely used materials in the world. Rapid development in the plastic industry have made plastics capable of withstanding high pressure, and temperature situations, which makes it a material of choice for a variety of industrial applications. Extrusion is a technology us
Plastics Bag and Pouch Manufacturing Market healthy pace throughout 2026 just published briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
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The global smart packaging market is expected to grow at a CAGR of 5.2% from 2020 to 2027 to reach $43.6 billion by 2027.
The growth of this market is mainly attributed to the growing proportion of older people and changes in the consumer lifestyle, increasing demand for advanced packaging solutions from the food processing and pharmaceutical sector, growing consumer concern for food wastage reduction, and demand for smart and functional packaging.
Moreover, the growing e-commerce market and rising industrialization in the emerging economies including India and China coupled with strong demand for superior logistics and supply chain management is likely to drive the industry over the forecast period. However, the high cost and unwillingness of brand owners to pay an additional cost of smart packaging are expected to hinder the growth of this market to some extent.
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