Rigid Transparent Plastics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Polymer Type (Polycarbonate, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene, Polymethyl Methacrylate, Styrene Block Copolymers, and Other Polymer Types), End-user Industry (Packaging, Healthcare, Electrical and Electronics, Automotive, Buildings and Construction, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

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Rigid Transparent Plastics Market Size

rigid transparent plastics market
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: > 6 %

Major Players

transparent plastics market

*Disclaimer: Major Players sorted in no particular order
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Rigid Transparent Plastics Market Analysis

The market for rigid transparent plastics market is expected to grow at a CAGR of more than 6% during the forecast period (2021-2026).

Currently, due to the COVID-19 pandemic, the packing industry is on a booming trend, by material, the plastics sector has the highest demand. The manufacturers who initially prefer another type of plastics for apparent health care safety, as it was much safer, more adorable, and long-lasting for years, are now using plastic for the packing industry. This factor has increased the demand for rigid transparent plastic.

  • In short term, the growing demand for plastic packaging in the medical industry leads to the demand for rigid transparent plastics.
  • However, shifting of focus toward flexible packaging over rigid packaging tends to constrain the demand for rigid transparent plastic.
  • The recyclability of plastics is projected to act as an opportunity for the market in future.
  • Europe is dominating the overall rigid transparent plastic market, during the forecast period.

Rigid Transparent Plastics Industry Segmentation

The market is segmented by polymer type, end-user industry, and geography. On the basis of polymer type, the market is segmented into Polycarbonate, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene, Polymethyl Methacrylate, Styrene Block Copolymers, and Other Polymer Types. By End-user Industry, the market is segmented into Packaging, Healthcare, Electrical and Electronics, Automotive, Buildings and Construction, and Other End-user Industries. The report also covers the market size and forecasts for the rigid transparent plastic market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million) for each segments.

Polymer Type
Polycarbonate (PC)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Acrylonitrile Butadiene Styrene (ABS) & Styrene Acrylonitrile (SAN)
Polypropylene (PP)
Polymethyl Methacrylate (PMMA)
Styrene Block Copolymers (SBC)
Other Polymer Types
End-user Industry
Packaging
Healthcare
Electrical and Electronics
Automotive
Buildings and Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
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 and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Rigid Transparent Plastics Market Trends

This section covers the major market trends shaping the Rigid Transparent Plastics Market according to our research experts:

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.
  • Also, due to the COVID-19 pandemic, the demand of rigid plastic in medical industry have been increased. However, the production of rigid plastic products had declined due to shutdown of manufacturing facility, which have constrained the growth of the short period of time. 
transparent plastics market revenue

Germany to dominate the European 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 the 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 the 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.
  • With the demographic change and digitalization, the country has been investing in mobile healthcare facilities and is expected to grow by over EUR 3 billion shortly, 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.
  • However, due to sudden break on construction activities, and shutdown of manufacturing facilities during the COVID-19 pandemic, the demand of rigid transparent plastic tends to decline, which tends to constrain the growth of the market in the current period of time.
transparent plastics market share

Rigid Transparent Plastics Industry Overview

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 SABIC, BASF SE, Covestro AG, Arkema, and LOTTE Chemical CORPORATION, among others.

Rigid Transparent Plastics Market Leaders

  1. SABIC

  2. BASF SE

  3. Arkema

  4. LOTTE Chemical CORPORATION

  5. Covestro AG

*Disclaimer: Major Players sorted in no particular order

Arkema Group, Asahi Kasei Corporation, Ashland, BASF SE, Chevron Phillips Chemical Company, Chi Mei Corp., Covestro AG, DuPont

Rigid Transparent Plastics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 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. 5. MARKET SEGMENTATION

    1. 5.1 Polymer Type

      1. 5.1.1 Polycarbonate (PC)

      2. 5.1.2 Polyvinyl 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 Polymethyl 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 and Electronics

      4. 5.2.4 Automotive

      5. 5.2.5 Buildings and 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 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 and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 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

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Recyclability of Plastics

    2. 7.2 Other Opportunities

**Subject to Availability
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Rigid Transparent Plastics Market Research FAQs

The Rigid Transparent Plastics Market is studied from 2018 - 2028.

The Rigid Transparent Plastics Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Europe holds highest share in 2021.

SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION, Covestro AG are the major companies operating in Rigid Transparent Plastics Market.

Rigid Transparent Plastics Industry Report

Statistics for the 2023 Rigid Transparent Plastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rigid Transparent Plastics analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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