Transparent Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,, Segmented By Polymer Type (Polystyrene, Polypropylene, Polycarbonate, Others), By Type (Rigid and Flexible), By Application (Packaging, Automotive, Healthcare, Consumer Goods, Others), By Region and Competition 2018-2028

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Transparent Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,, Segmented By Polymer Type (Polystyrene, Polypropylene, Polycarbonate, Others), By Type (Rigid and Flexible), By Application (Packaging, Automotive, Healthcare, Consumer Goods, Others), By Region and Competition 2018-2028

The Asia-Pacific region accounted for 38.6 percent of the global rigid plastic packaging market in 2021

Due to rising demand from end-use industries, including construction, automotive, and consumer products, the worldwide transparent plastic market is expected to expand during the forecast period. In building and construction applications, plastics substitute conventional materials such as glass.

In April 2022, Printex Transparent Packaging (PTP), the largest clear folding box manufacturer in North America, earned the Safe Quality Food Institute (SQF) Manufacture of Food Packaging certification, recognized by the International Organization for Standardization (ISO).

Rising Demand from Healthcare and Pharmaceuticals

For instance, according to the recent studies, the healthcare market in India is expected to touch USD 132 billion by 2023, driven by rising income, better health awareness, lifestyle diseases, and increasing access to insurance.

Growing Electric Vehicles in automotive production

EVs and the automotive industry have shown to be strong in the face of a worldwide crisis, supporting the market need for transparent plastics as the automotive sector quickly moves towards lightweight materials for usage in electric cars; all these factors dominate the demand for transparent plastics in the forecast period.

Increasing demand from Food & Beverage

MIR Segment1

In 2022, FSSAI released a direction regarding the Operationalization of Draft Food Safety and Standards (Packaging) Amendment Regulations, 2022, regarding using recycled plastic as food contact materials with immediate effect.

Recent Developments

  • In March 2022, A maker of bespoke plastic boxes, Printex Transparent Packaging (PTP), has introduced transparent folding boxes made of sustainably improved recycled PET (rPET) plastic.
  • The Reborn group stated that it is prepared to introduce the first film de-inking line for polyethylene (PE) films in France in November 2021, at its site in Ogeu-Les-Bains.
  •  In March 2019, Flexo Transparent, a leading bespoke plastic production and printing solutions supplier, has been acquired by C-P Flexible Packaging, a prominent producer of flexible packaging goods.
  • Transparent Container Co. Inc. will be acquired by Rohrer Corporation to significantly extend its own plastics thermoformed packaging operations portfolio in October 2018.

Market Segmentation

Market Players

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Polymer Type

·         Type

·         Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

Emco Industrial Plastics LLC, Evonik Industries AG, Industrial Plastic Supply, Inc., Trident Plastics inc., E & T Plastics Mfg. Co., Inc., Prabhoti Plastic Industries, Lumineq Oy, Curbell Plastics, Inc., Unique Plastic Industries, 3A Composites GmbH

Customization scope

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