Plastic Granules Market 2024-2028
The plastic granules market is forecasted to grow by USD 9796.6 mn during 2023-2028, accelerating at a CAGR of 3.3% during the forecast period. The report on the plastic granules market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for plastic granules in automotive industry, increasing use of recycled plastic granules in food and packaging, and high demand for plastic products among school children.
Technavio's plastic granules market is segmented as below:
- By Type
- Polyethylene
- Polypropylene
- Polyvinyl chloride
- Polyethylene terephthalate
- Others
- By Form Factor
- Granules
- Recycled granules
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing demand for biodegradable plastic granules as one of the prime reasons driving the plastic granules market growth during the next few years. Also, enhanced safety measures for transporting plastic granules and expansion of plastic granule production facilities will lead to sizable demand in the market.
The report on the plastic granules market covers the following areas:
- Plastic Granules Market sizing
- Plastic Granules Market forecast
- Plastic Granules Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic granules market vendors that include BASF SE, Braskem, Carbokene FZE, Covestro AG, Dow Inc., DuPont de Nemours Inc., Eastman Chemical Co., Exxon Mobil Corp., Formosa Plastics Corp., Global Plastic Industries, LG Chem Ltd., Liaocheng Fengya Chemical Co., Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corp., Navkar Industries, Pebo SpA, Reliance Industries Ltd., Saudi Basic Industries Corp., TotalEnergies SE, and Wiwat Plastic. Also, the plastic granules market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.