Press Release

Plastic Calendaring Resins Market to be Dominated by Food & Beverage Sector through 2028

Rising demand from the healthcare & medical sector is expected to drive the Plastic Calendaring Resins market in the forecast period 2024-2028


According to TechSci Research report, Plastic Calendaring Resins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Plastic Calendaring Resins market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Plastic Calendaring Resins Market is due to increasing demand for food packaging as it is easy to store, improves shelf life, and can be re-sealed. Plastic calendaring resins have enormous properties such as durability, flexibility, toughness, and abrasion resistance due to which the demand for various types of plastic calendaring resins increases. In addition, it helps in providing non-contaminated packaging alternative and hygienic packaging in healthcare & medical sector along with this resin is converted into several forms, including stock shapes for machining, injection molded and machined components and calendared film which further fuel the growth of Global Plastic Calendaring Resins market.

For instance, a bio-attributed PVC calendaring resins that may be utilized in healthcare and medical applications was introduced by Vynova Group in 2020.

Furthermore, the market is being further stimulated by growing demand from cosmetic & personal care and automotive sectors.

However, easy availability of various alternatives can slow down the market growth. Also, stringent government regulations can further slowdown the market growth.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Plastic Calendaring Resins Market"

 

Global Plastic Calendaring Resins Market is segmented based on type, end use, and region.

Based on type, the market is categorized into polyvinyl chloride (PVC), polyethylene terephthalate (PET), polypropylene (PP), and others. Polyethylene Terephthalate (PET) segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to its unique properties such as flexibility, heat and impact resistance, and recyclability.

Based on end use, the market is fragmented into food & beverages, healthcare & medical, automotive, and others. Food & Beverages segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to increasing demand for convenience food with safety and sustainability.


Major companies operating in the global Plastic Calendaring Resins market are:

  • Formosa Plastics Corporation
  • Eastman Chemical Co
  • Saudi Basic Industries Corporation
  • Indorama Ventures Public Company Limited
  • LOTTE Chemical Corporation
  • LG Chem Ltd.
  • Reliance Industries Limited
  • LyondellBasell Industries Holdings B.V.
  • INEOS Olefins & Polymers USA, LLC
  • Westlake Corporation


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“North America region is expected to grow at the highest rate during the forecast period due to the existence of significant market players, the accessibility of raw materials, and the widespread use of advanced technology. Additionally, growing use in furniture production and automotive parts manufacturing is expected to create lucrative opportunities for the market growth. Furthermore, in Asia Pacific, increasing demand across different applications such as building & construction, food & beverage packaging as well as paint & coatings sectors creating huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Plastic Calendaring Resins Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others), By End Use (Food & Beverages, Healthcare & Medical, Automotive, Others), By Region and Competition, has evaluated the future growth potential of Global Plastic Calendaring Resins Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Plastic Calendaring Resins Market.”


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