The briefing examines how the rubber and plastic industry is performing globally and in the largest countries in terms of output. The report provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
This report comes in PPT.
The COVID-19 pandemic outbreak has caused challenges for supply chains, with multiple rubber and plastic products manufacturers lacking input materials, resulting in static trade and production stoppages. Producers are anticipated to turn towards a network of smaller local suppliers so as to diversify risks associated with supply chains, while expansion of domestic raw material capacity is also expected to be seen within the industry.
With environmental friendliness taking centre stage in terms of government policy and public awareness, the rubber and plastic industry will have to meet higher expectations and requirements. These include zero-net emissions targets, as well as commitments to reduce disposable plastic consumption, which could hinder demand for plastic products.
As sustainability concerns are encouraging ecologically-friendly rubber and plastic manufacturing, producers and governments are investing heavily in innovative plastic solutions aiming to enhance product recyclability. As a result, a more diverse product profile is expected to benefit the industry in the long run.
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