Transparent Plastics Market Size Share Forecast 2019

(EstateNewsWire.com, August 29, 2019 ) Market Overview:

The transparent plastics market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Market Dynamics:

Improved shelf-life of packaged food products and rising adoption of transparent plastics worldwide are the crucial drivers for the growth of the market. Rising demand for packed foods from the food and beverage industry and increasing replacement of conventional materials by rigid transparent plastics are expanding the market growth. Adding to this, growing incomes and changing lifestyles that promotes the plastic material for packaging purposes are the key factors for the market growth.

Governments are focusing to invest in plastic industry. For instance, In July 2019, The UK government has announced plans to invest USD 72.5 million to help fight the battle against single-use plastics and develop new forms of packaging.

Increasing demand for eco-friendly packaging materials in developed regions and environmental pollution due to the low biodegradability of plastics are the major restraints hampering the market growth.

Segment Analysis:

By polymer type, the transparent plastics market is segmented into

• Polycarbonate

• acrylonitrile butadiene styrene

• polyethylene terephthalate

• polyvinyl chloride

• polypropylene

• others

By type, the transparent plastics market is classified into:

• Flexible

• Rigid

View full report: https://www.datamintelligence.com/research-report/transparent-plastics-market

Geographical Analysis:

By geography, the Transparent Plastics market is segmented into:

• North America

• Asia-Pacific (APAC)

• Europe

• South America

• Middle East and Africa (MEA)

Competitive Landscape:

The Transparent Plastics market is a partially competitive having significant share of top companies.

Key Players:

• Asahi Kasei Corporation

• Eastman Chemical Company

• LG Chem, Denka Company Limited

• Others

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