The plastics and rubber products
industry comprise establishments that manufacture goods by processing plastic
and rubber raw materials. Plastics and rubber products are included in the same
industry as they have similar technical properties, however they are
categorized based on the sole use of either rubber or plastic as raw material
in the production of the product.
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The global plastics and rubber
products market has shown high growth in the past years with a CAGR of about
4.5%. The year 2017 recorded highest ever market value in this industry as per
TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the plastics
and rubber products market to grow at a higher CAGR by 2021 as compared
to 2017, along with geographies best suited for investments with highest return
rate.
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report at
Asia Pacific was the largest
region in the plastics and rubber products manufacturing market in 2017,
accounting for about 45.76% market share. This can be attributed to high demand
for plastic products from the food and beverages and the retail industry in
countries such as China and India, and tire from the automobile industry.
Companies included in the report are Bridgestone Corporation, Michelin Inc, Good Year Tire & Rubber
Company, Continental Tire and S C Johnson & Son Inc.
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