Rigid Transparent Plastics Market | Growth, Trends, and Forecast (2020

Rigid Transparent Plastics Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Polymer Type (Polycarbonate, Poly-vinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene, Poly-methyl Methacrylate, Styrene Block Copolymers, and Other Polymer Types), End-user Industry (Packaging, Healthcare, Electrical and Electronics, Automotive, Building and Construction, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America and Middle East & Africa).

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

6 %

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Market Overview

The market for rigid transparent plastics is anticipated to register a CAGR of more than 6% during the forecast period. These rigid transparent plastics are widely employed in the food & beverage industry for manufacturing packaging covers or materials.

Increasing demand for packed foods from the food & beverage industry and rising replacement of conventional materials by rigid transparent plastics are augmenting the growth of the market.
Growing concerns regarding plastic disposal and shifting of focus toward flexible packaging over rigid packaging are likely to hinder the market’s growth.
Recyclability of plastics is projected to act as an opportunity for the market in future.

Scope of the Report

The rigid transparent plastics market report includes:

Polymer Type
		Polycarbonate (PC)
		Poly-Vinyl Chloride (PVC)
		Polystyrene (PS)
		Acrylonitrile Butadiene Styrene (ABS) & Styrene Acrylonitrile (SAN)
		Polypropylene (PP)
		Poly-Methyl Methacrylate (PMMA)
		Styrene Block Copolymers (SBC)
		Other Polymer Types

End-user Industry
		Packaging
		Healthcare
		Electrical & Electronics
		Automotive
		Building & Construction
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	ASEAN Countries
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Packaging Industry

The Global packaging industry has come across steady growth from the recent years and is expected to continue, driven by shifts in choice of substrates, expansion of new markets, and changing ownership dynamics.
Additionally, growth in pharmaceuticals, cost-effectiveness of thermoforming and the ease of disposal are some of the other factors driving the packaging industry nowadays.
Packaging is the 5th largest sector in India’s economy and is one of the highest growth sectors in the country. According to Packaging Industry Association of India (PIAI), the sector is growing at a rate of 22-25% annually.
Owing to the rising population in China, people are increasingly consuming products like food, beverages, and on-the-go pharmaceuticals. This is increasing the demand for packaging solutions that are convenient and portable. The Chinese packaging industry is expected to grow at a rate of 5.9% per year till 2020.
In the United States, among the different types of packaging, the flexible packaging market is growing at a faster pace, owing to the benefits of flexible packaging and higher end-user preference over other packaging types. The changing trends in consumer behavior and the manufacturers’ convenience are resulting in a faster growth of the flexible packaging market in the country.
The packaging industry in Germany is also growing at a rapid pace, owing to the huge increase in domestic e-commerce and rising foreign exports. In addition, the increasing preference for packaged food and beverages is also leading to the growth of packaging industry.
All the aforementioned factors are likely to help the market for rigid transparent plastics flourish in the packaging segment, during the forecast period.

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In Europe region, Germany to dominate the Market

In Europe, Germany represents the largest economy and it is the fifth-largest economy in the world in terms of GDP. The growth of automotive, healthcare, and construction & building sectors in the country have contributed largely toward the increase in demand for rigid transparent plastics.
Moreover, the electronics & telecommunication sector is also growing, with the increase in the use of IT services in almost all industries throughout the country. With an increase in use of consumer electronics, the demand for rigid transparent plastics is expected to rise gradually in the country.
Germany witnessed an increase of over 15% in the new residential building permits, and this growth trend is expected to continue, owing to the growing demand for real estate, growing population, increased job security, and low borrowing costs.
Hence, with the booming housing market and real estate demand, the construction & building industry is expected to grow rapidly, in turn, increasing the market for rigid transparent plastics in the country.
Additionally, In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 320 billion, excluding fitness and wellness.
The demographic change and digitalization, the country has been investing in mobile healthcare facilities and is expected to grow by over EUR 3 billion in the near future, thereby, providing a platform to further expand the German healthcare sector.
Above mentioned factors are driving the market for rigid transparent plastics in the country.

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Competitive Landscape

The rigid transparent plastics market is expected to be partially consolidated, with the top five-six players occupying a significant share of the market. Key players in the rigid transparent plastics market include DuPont, BASF SE, Covestro AG, Arkema Group and SABIC, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Increasing Demand for Packed Foods from the Food & Beverage Industry
  2. 4.1.2 Rising Replacement of Conventional Materials by Rigid Transparent Plastics
2. 4.2 Restraints
  1. 4.2.1 Growing Concerns Regarding Plastic Disposal
  2. 4.2.2 Shifting of Focus Toward Flexible Packaging over Rigid Packaging
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Polymer Type
  1. 5.1.1 Polycarbonate (PC)
  2. 5.1.2 Poly-Vinyl Chloride (PVC)
  3. 5.1.3 Polystyrene (PS)
  4. 5.1.4 Acrylonitrile Butadiene Styrene (ABS) & Styrene Acrylonitrile (SAN)
  5. 5.1.5 Polypropylene (PP)
  6. 5.1.6 Poly-Methyl Methacrylate (PMMA)
  7. 5.1.7 Styrene Block Copolymers (SBC)
  8. 5.1.8 Other Polymer Types
2. 5.2 End-user Industry
  1. 5.2.1 Packaging
  2. 5.2.2 Healthcare
  3. 5.2.3 Electrical & Electronics
  4. 5.2.4 Automotive
  5. 5.2.5 Building & Construction
  6. 5.2.6 Other End-user Industries
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 ASEAN Countries
    6. 5.3.1.6 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 Italy
    4. 5.3.3.4 France
    5. 5.3.3.5 Spain
    6. 5.3.3.6 Rest of Europe
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle East & Africa
    1. 5.3.5.1 Saudi Arabia
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share/Ranking Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 Arkema Group
  2. 6.4.2 Asahi Kasei Corporation
  3. 6.4.3 Ashland
  4. 6.4.4 BASF SE
  5. 6.4.5 Chevron Phillips Chemical Company
  6. 6.4.6 Chi Mei Corp.
  7. 6.4.7 Covestro AG
  8. 6.4.8 DuPont
  9. 6.4.9 DSM
  10. 6.4.10 Evonik Industries AG
  11. 6.4.11 Formosa Plastics Group
  12. 6.4.12 Huntsman Corp.
  13. 6.4.13 Idemitsu Kosan
  14. 6.4.14 Ineos Chlorvinyls Ltd
  15. 6.4.15 Lanxess
  16. 6.4.16 LG Chem
  17. 6.4.17 Lotte Chemical Corporation
  18. 6.4.18 Mitsubishi Engineering Plastics Corporation (Mitsubishi Chemical Corporation)
  19. 6.4.19 SABIC
  20. 6.4.20 Samyang
  21. 6.4.21 Shin-Etsu Chemical Co. Limited
  22. 6.4.22 Solvay
  23. 6.4.23 Teijin Limited
  24. 6.4.24 Trinseo
  25. 6.4.25 Westlake Chemical Corporation

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Recyclability of Plastics
2. 7.2 Other Opportunities

** Subject to Availability