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According to the MRFR analysis, the Global Plastics Market was valued at USD 545.2 billion in 2018 and is expected to reach over USD 791.2 Billion by the end of 2025 at a CAGR of 4.3%. The plastics is one of the most evolving markets in the past few years. Plastic products are used in various industries such as automotive & transportation, building & construction, consumer appliances, electrical & electronics, packaging, and medical. The increasing demand for reinforced plastics is projected to drive the growth of the global plastics market during the forecast period. Moreover, biodegradable plastics are also gaining popularity in various industries since they are all sourced from plants and vegetable extracts. The biodegradable plastics market is projected to value more than USD 6.5 billion by 2025.

Global Plastics Market Information: By Type (Polyethylene, Polyether Ether Ketone) and By Application (Packaging, Automotive & Transportation, Building & Construction) - Forecast to 2027

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