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The global plastics, rubber, wood and textile manufacturing market, a part of the plastics, rubber, wood and textile manufacturing industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The plastics, rubber, wood and textile manufacturing industry showed a steady growth. The growth is mainly due to the increasing gastro intestinal diseases caused by unhealthy lifestyle habits such as lack of physical activity, poor diet and others.
In the forecast period, the global plastics, rubber, wood and textile manufacturing market size is expected to be over $10 trillion by 2021, growing at a CAGR of nearly 5%. The plastics manufacturing industry relies on the packaging sector. There are a number of new developments in packaging that will drive up demand. Convenience features, such as resalable packs, easy-opening, stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to maintain customer loyalty. These developments in packaging will increase the consumption of plastics and will drive its market. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global plastics, rubber, wood and textile manufacturing market in the future.
Find TBRC’s report on the Plastics, Rubber, Wood And Textile Manufacturing market: https://www.thebusinessresearchcompany.com/report/paper-plastics-rubber-wood-and-textile-manufacturing-global-market-report-2018
The practice of using 3D printing in plastics manufacturing is becoming more common. 3D technology allows manufacturers to create a complete self-supporting object. This technology enables manufactures to produce complex objects that are light and reliable. Greater flexibility and customization are the other major advantages of 3D printing technology. Major companies in the plastics, rubber, wood and textile manufacturing market, offering 3D technology include Michelin Inc., NIKE, IKEA, H&M and Bridgestone.
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