Scienza e Tecnologia
Plastic Additives Market Size by Revenue to Reach USD 38.77 Billion by 2026 - Arizton
https://www.arizton.com/market-reports/plastic-additives-market
Plastic additives are cost-effective and popular solutions to make plastics flexible and durable. Various policies and interventions by the governments in many regions is promoting the use of plastic additives in many applications. Governments in various regions is encouraging the use of plastics and enhancing policy measures for investments in their regions. For instance, in India , as per the Ministry of Chemicals and Fertilizers, for the promotion of the plastic industry in the country, the government has taken various industry-friendly policies such as deregulating the petrochemical sector and allowing 100% FDI under the automatic route to facilitate fresh investments". The global e-commerce industry also employs the use of flexible plastic packaging, and it registered sales of around USD 4.28 trillion in 2020 and is expected to reach USD 6.38 trillion by 2024. Companies must enter collaborative partnerships as a key strategy to ensure a sustainable presence in the market. Such partnerships or acquisitions will ensure mutual transfer of technologies and delivery of a better product in the plastic additives market.
China is the largest consumer in APAC, followed by
India , Japan , and
South Korea . China has the high market penetration for electric vehicles until 2018 and will continue manufacturing the highest number of electric vehicles in region by 2022. Increasing demand for electric cars will be major factor to boost the growth of plastic additives in APAC. The plastic additives market in the region will reach
USD 20.97 billion by 2026.
Europe is a saturated and matured economy. Germany accounted for the largest share of 24.60% of the total plastic additive market in
Europe . Europe is a major hub for the plastic industry. The plastic additives market in the region is driven by the demand for various plastics from the end-use segments such as packaging, building and construction, automotive, electrical and electronics, and consumer goods. The market in
Europe is expected to grow at a CAGR of 3.34% during the forecast period.
https://www.arizton.com/market-reports/plastic-additives-market
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