The US plastics market will see a considerable growth of 2.5% during the forecast period. The demand for plastics from the continuously growing end-use markets will boost the growth of the plastics industry in the US. The food packaging industry is growing at a substantial rate in the US owing to the growing export of packaged food around the globe, majorly in China, South Korea, India, and other Asian economies.
Browse the full report description US Plastics Market Size, Share & Trends Analysis Report by Material (Thermosets and Thermoplastics) and by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Household, Leisure & Sports, Agriculture, and Others), Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/us-plastics-market
China is one of the major exporting markets for the US due to the presence of a huge consumer base for quality food products in China. Trade has improved drastically between the two countries that will boost the global plastics market.
South Korea is considered as one of the key importers from the US. The consumer demand is growing substantially in South Korea for prepared, and consumer-oriented foods. According to the USDA (US Department of Agriculture), the US exports have grown strong owing to the increased demand from South Korea.
The packaged food is being preferred in South Korea due to a shift in eating habits. Trade has considerably improved between these two countries, backed by the establishment of the FTA (Free Trade Agreement). With the growth in the agricultural trade between the two countries, the demand for plastic, used for packaging the food has also increased.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Material and By Application |
|
Key Companies Profiled |
BASF SE, Exxon Mobil
Corp., Saudi Basic Industries Corp. (SABIC), the Dow Chemical Co., and Celanese
Corp. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
US Plastics Market – Segmentation
By Type
o Polyethylene (PE)
o Polypropylene (PP)
o Polystyrene (PS)
o Polyvinylchloride (PVC)
o Polyethylene Terephthalate (PET)
o Others
o Polyurethane (PUR)
o Epoxy Resins
o Phenolic Resins
o Acrylic Resins
o Others
By Application
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