Expansion of Global Plastic Product Industry is Forecast to Reach 1.8% P.A.

Date: 2015-12-06

The expansion of the global plastic product industry is forecast to reach 1.8% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.1%. Currently, plastic sheets, plates and film account for 36.3% of the global demand while the remaining market share is divided between plastic packaging products (16.2%), plastic household ware (7.0%), plastic pipes, tubes and hoses (6.5%), plastic construction products (5.1%), plastic monofilament and rods (over 1mm) (1.3%) and other plastic products (27.5%).

China, Germany, Japan, South Korea and the United States represent the largest plastic product markets while the strongest annual growth is forecast to occur in Jordan (9.7%), Vietnam (7.5%), Ethiopia (7.1%), Kenya (7.1%) and Macedonia (6.6%).

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