Global Plastics And Rubber Products Manufacturing Market Is Forecast To Grow At A High CAGR To 2020

The Business Research Company’s Global Plastics and Rubber Products Manufacturing Market analysis covers the year-on-year growth of the global plastics and rubber products manufacturing market historic and forecast growth. It also includes chapters on the plastics and rubber products manufacturing market trends, geographical analysis, and competitive landscape.

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The global plastics and rubber products manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 5.1% to 2020.

Plastics And Rubber Products Manufacturing Market Segmentation

According to TBRC’s global plastics and rubber products manufacturing market research, the market is split by segments into plastic products manufacturing, and rubber products manufacturing.

Plastic products manufacturing was the largest segment in the market at 70.94% of the global plastics and rubber products manufacturing market. This was due to high demand for plastic packaging materials from the food and beverages industry and the retail industry.

Rubber products manufacturing was the second largest segment in the market at 29.06% of the global plastics and rubber products manufacturing market.

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Rubber products manufacturing had the highest segment; is expected to grow at a CAGR of 5.5%.This can be attributed to increasing demand for products such as tires from the automobile industry and rubber hoses from the construction industry. Plastic products manufacturing had the second highest segment, is expected to grow at a CAGR of 4.9%.

The global plastics and rubber products manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global plastics and rubber products manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report are Bridgestone Corporation, Michelin Inc., Good Year Tire & Rubber Company, Continental Tire the Americas, and S C Johnson & Son Inc.

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