Rigid Transparent Plastics Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global rigid transparent plastics market to grow at a CAGR of 5.96 % during the period 2017-2021 .
following companies as the key players in the global rigid transparent plastics market : BASF , The Dow Chemical Company , Eastman Chemical Company , Evonik Industries , and ExxonMobil .
Other Prominent Vendors in the market are : DuPont , Formosa Plastics , Plaskolite , and PPG Industries .
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Commenting on the report , an analyst from Technavio ’ s team said : “ The latest trend gaining momentum in the market is growing popularity of sustainable production methods . There is growing pressure on manufacturers to use sustainable production methods . Although most manufacturers are welcoming this , smaller manufacturers are finding it hard to keep up with the growing competition . With an increase in the focus on sustainability and favorable government regulations for green procurement practices , rigid transparent plastic manufacturers across the globe will experience challenges in the consumer goods and packaging sectors .
According to the report , one of the major drivers for this market is recyclability of plastics . The production of plastics has adverse effects on the environment . The waste generated in the form of discarded plastic products also has negative effects on the environment . Plastic waste management is a top priority as mass consumption of products with short lifespans is on the rise . In most of these products , plastics are used either for packaging or for other purposes .
Further , the report states that one of the major factors hindering the growth of this market is growing concerns regarding plastic disposal . Majority of the plastics are manufactured from oil and are nonbiodegradable in nature . They do not decompose like organic waste and last for centuries in the soil . There is no natural process that can absorb non-biodegradable plastics back into the biological cycle .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
About Rigid Transparent Plastics
Rigid transparent plastics are available in various forms including blow-molded , injection-molded , extruded , and thermoformed . Rigid transparent plastics are commonly used in building and