Global Plastics Markets, 2020-2021 & Forecast to 2025 Featuring Leading Players - BASF SE, ExxonMobil Corp and LyondellBasell Industries N.V.
Share: ResearchAndMarkets.com's offering. The global plastics market accounted for $621.9 billion in 2019 and is expected to reach $758.6 billion by 2025. The market is anticipated to grow at a CAGR of 3.37% during the forecast period 2020-2025. The market growth is mainly attributed to the rising number of applications for plastics, increasing adoption and awareness rates of bio-plastics and recycled plastics, and heavy investments made in the research and development of bio-based plastic products and solutions. In addition, governments are coming up with policies and laws to encourage the d...