Plastic Market Insights Innovations In Recycling Technologies | Report To 2030
The global plastic market size was estimated at USD 624.8 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The increasing substitution of glass, metals, wood, natural rubber, and other materials, by plastics is expected to drive the global plastics market in the coming years. Furthermore, plastic resins is one of the most heavily regulated markets across the globe. A number of players are operating in the global resins market, offering a variety of plastic resins. Some of plastic resins are polystyrene (PS), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polypropylene (PP), polybutylene terephthalate (PBT), polyphenylene oxide (PPO), polyurethane (PU), polyether ether ketone (PEEK), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polycarbonate (PC), polysulfone (PSU), polyamide (PA), and polyphenylsulfone (PPSU). Polypropylene is the most common resin used in several end-use industries. It is utili